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Canadian Solar gross margin dips to 10% despite increase in module price

17 May 2018

Now it had 119,405 shares held by the institutional investor. On Tuesday, March 27 J.P. Morgan downgraded Canadian Solar Inc. About 454,998 shares traded. 13% are bullish. With $19 highest and $15 lowest PT Canadian Solar Inc has $17.14 average PT or 3.13% above the current ($16.62) price. Canadian Solar posted earnings of ($0.10) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 480%.

The company reported a gross profit in the first quarter of 2018 of US$143.9 million, compared US$218.6 million in the fourth quarter of 2017 and US$91.4 million in the first quarter of 2017. Comparatively, Canadian Solar has a beta of 2.66, meaning that its stock price is 166% more volatile than the S&P 500. (NASDAQ:CSIQ) news were published by: Nasdaq.com which released: "I've Got My Eye On Solar, And You Should, Too..." on May 08, 2018, also Prnewswire.com with their article: "Canadian Solar Commissions a 35MWp Open Access Solar Project in India" published on May 15, 2018, Prnewswire.com published: "Canadian Solar Expands Solar Project Development to South Korea" on May 14, 2018.

Canadian Solar Inc.is a solar power company.

Total analysts of 8 have positions in Canadian Solar Inc (NASDAQ:CSIQ) as follows: 1 rated it a "Buy", 3 with "Sell" and 4 with "Hold".

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Canadian Solar expects to ship solar module of 1.50-1.60 GW, including approximately 100 MW of shipments to the company's utility-scale, solar power projects in second quarter 2018. (NASDAQ:CSIQ) rating. J.P. Morgan has "Sell" rating and $15.0 target. On Friday, December 15 the rating was downgraded by Axiom Capital to "Hold". The firm earned "Underweight" rating on Tuesday, March 27 by JP Morgan. ValuEngine upgraded shares of Canadian Solar from a "buy" rating to a "strong-buy" rating in a research note on Monday, March 19th. The stock rating was maintained by Cowen & Co with "Hold" on Monday, December 11. The stock rating was upgraded by JP Morgan to "Neutral" on Thursday, February 1.

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Canadian Solar gross margin dips to 10% despite increase in module price