8/25/2015 – Canadian Solar is now covered by analysts at Cowen and Company. The stock garnered a place in the hold list of 2 stock Analysts. Finally, Bank of America reaffirmed a “buy” rating and set a $23.00 target price (down from $24.00) on shares of Vivint Solar in a research report on Wednesday, May 13th.
8/21/2015 – Canadian Solar was downgraded by analysts at Zacks from a “hold” rating to a “sell” rating. TheStreet cut Canadian Solar from a buy rating to a hold rating in a research note on Tuesday, August 18th. The stock has an average rating of Hold and a consensus price target of $21.43.
8/19/2015 – Canadian Solar had its price target lowered by analysts at Canaccord Genuity from $45.00 to $40.00. A total of 378,156 shares were purchased at a price of $3.29 per share. They now have an “overweight” rating on the stock. (NASDAQ:CSIQ) has an average broker recommendation of 1.
As many as 8 brokerage firms have rated Solar Capital Ltd. (NASDAQ:SLRC) at 1.5.
This contract, which allows for Canadian Solar to supply Vivint Solar with high efficiency CS6P polycrystalline modules for residential and commercial installations, will give the Company the ability to reach additional customers within these market segments and expand its consumer base. The 1 year high for the share price is 40.82 Dollars while the 52 week low for the stock is 14.16 USD. The firm’s 50 day moving average is $22.16 and its 200-day moving average is $30.06. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters consensus estimate of $0.13 by $0.18.
Analysts are also expecting quarterly earnings of $0.2 per share when the company next issues their earnings report on or around 2015-11-11.
Vivint Solar (NASDAQ:VSLR) last issued its earnings results on Tuesday, August 11th. The business earned $636.70 million during the quarter, compared to the consensus estimate of $592.50 million. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. The Company’s module segment primarily involves design, development, manufacture and sales of solar power products and solar system kits. In particular, it agreed to start offering Trina Solar and JinkoSolar’s PV modules to United States homeowners and chose Yingli Green Energy Holding as its preferred supplier for 2015. The Company’s energy section involves solar power project development, procurement, engineering and construction services, operations as well as maintenance services, and electricity earnings generation. The Organization ‘s solar power products contain specialty solar products and standard solar modules. The Business sells its products.