Stock to Watch for Earnings: Canadian Solar Inc. (NASDAQ:CSIQ)

Stock to Watch for Earnings: Canadian Solar Inc. (NASDAQ:CSIQ)

DNB Asset Management AS is the second biggest holder with 3 million shares now valued at 94.72 million whilst QUENTEC ASSET MANAGEMENT LLC has 2 million shares valued at 26.89 million.

They expect $0.29 EPS, down 262.07% or $0.76 from last year's $1.05 per share. Canadian Solar had a return on equity of 15.60% and a net margin of 4.26%. The firm had revenue of $668.40 million for the quarter, compared to analysts' expectations of $698.57 million. DnB Asset Management AS now owns 4,704,602 shares of the company's stock valued at $64,236,000 after buying an additional 1,392,600 shares during the last quarter.

On a geographical basis, module sales in Asia increased significantly in the fourth quarter, accounting for over 62% of revenue, while North America declined from 41% of sales in the third quarter of 2016 to only 20% in the fourth quarter. The stock, after opening at $17.30, closed at $17.21 by scoring -0.64%. Net income attributable to Canadian Solar was US$65.2 million, compared to US$171.9 million in the previous year. JMP Securities restated a "hold" rating on shares of Canadian Solar in a report on Tuesday, November 22nd. Despite strong demand levels, our revenue for both the fourth quarter and full year was lower compared to the prior year's periods due to the industry-wide declines in average selling price that have been persistent all year. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of "Hold" and an average target price of $19.40. (NASDAQ:CSIQ) will release its earnings at about 10%. The company reached a 52-week low at 10.25 on Nov 9, 2016.

The stock price of firm is moving up from its 20 days moving average with 3.46% and remote isolated positively from 50 days moving average with 8.81%.

Family says missing teen was sexually assaulted on Facebook Live
She told Johnson her daughter had been missing since Sunday and showed him images taken from the video of the alleged assault. The girl's mother, Stacey Elkins, said the video showed her daughter in various stages of undress with several young men.

Total shares held by institutions as of the most recent company filings are 15,948,002 with a reported 990,209 bought and 1,073,914 sold.

On 05/11/2016, Analysts were suspecting EPS of $0.17/share where Canadian Solar Inc. CSIQ's seven period stock performance has resulted in shares declining by a -1.24% and sporting a -34.03% return over the last 12 months. Canadian Solar Inc. (CSIQ), one of the world's leading solar power companies, recently declared its financial results for the fourth quarter and full year ended December 31, 2016. (NASDAQ:CSIQ) stock opened its trade at $12.88 and after floating in a range of $12.05 to $13.23, settled at $12.33. Guinness Asset Management Ltd now owns 15,200 shares of the company's stock valued at $209,000 after buying an additional 3,100 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Canadian Solar by 42.3% in the third quarter. The Insider Ownership of the company now is 31 percent, and Institutional Ownership is 43.7 percent.

Canadian Solar sold five solar plants in Canada for $310 million, sold two in China for $32 million and is in the process of selling its USA plants.

Related Articles

  • Coin-eating sea turtle nicknamed

    Coin-eating sea turtle nicknamed "Piggy Bank" dies from blood poisoning

    Playfully named Omsin, which means "piggy bank" in Thai, the beloved creature's post-surgery chances seemed positive. That became fatal after she suffered an acute intestinal infection. "We are all very sad", Chansue told Vonberg.

    Rex Tillerson, China's Xi Jinping pledge cooperation

    Tillerson is also in Beijing to iron out the details of a tentative Florida summit in April between Trump and China's President. Brooks, at the border village of Panmunjom, which has separated the two Koreas, on March 17, 2017 .
    Netflix Adds Skip Intro Button to Online Streaming

    Netflix Adds Skip Intro Button to Online Streaming

    As the name suggests, the skip intro button will enable viewers to skip the entire intro that's at the start of every episode. According to The Verge , the " Skip Intro " button also allows you to skip the intros that start after a show's cold open .
  • EU, Japan To Sign Trade Agreement in 2017

    EU, Japan To Sign Trade Agreement in 2017

    Merkel invited Abe to appear at Cebit when the Japanese leader visited Germany in May previous year . President Donald Trump who has continuously taken an anti-globalization stance.
    Wayne Rooney misses out on hearing Southgate's England vision

    Wayne Rooney misses out on hearing Southgate's England vision

    Asked if he is already thinking about playing at the World Cup in Russia, Defoe replied: "Of course, yeah". Being lucky enough to have experienced it, you just want it more and more.
    Dozens feared dead after passenger plane crashes in South Sudan

    Dozens feared dead after passenger plane crashes in South Sudan

    According to a report in the Independent, a South Sudanese newspaper carried photos showing the burnt-out ruins of the plane. A plane with 45 people believed to be aboard crashed Monday afternoon at the airport in Wau , South Sudan, officials said.
  • Yankees' Didi Gregorius to miss six weeks with shoulder injury

    Yankees' Didi Gregorius to miss six weeks with shoulder injury

    Torres hit.448 (13 for 29) with two home runs, nine RBIs, eight runs, six doubles, one triple and a 1.400 OPS in 19 games. Tyler Wade and Ronald Torreyes are candidates to replace Gregorius at shortstop for the Yankees.
    'I screwed up,' Orly Airport attacker told father before assault

    'I screwed up,' Orly Airport attacker told father before assault

    Belgacem later showed up at the bar and hijacked another auto at gunpoint before showing up at the airport, Molins said. Once there, a prosecutor said, Belgacem threw a bag containing a gas can at soldiers before hurling himself at them.
    Clashes in Syria's Damascus after surprise rebel attack

    Clashes in Syria's Damascus after surprise rebel attack

    Repeated peace talks over the years have failed to bring about a political solution to the conflict. Syria has been gripped by foreign-backed militancy since March 2011.
  • Sears, Kmart says future in 'substantial doubt' as 108 stores close

    Sears, Kmart says future in 'substantial doubt' as 108 stores close

    Continued operating losses also could restrict access to new funds under its domestic credit agreement, according to the filing. The company is also considering selling some of its businesses, such as the Kenmore appliances and DieHard auto battery brands.
    Fla. Prosecutor Says She Won't Pursue Death Penalty in Murder Cases

    Fla. Prosecutor Says She Won't Pursue Death Penalty in Murder Cases

    Clayton was taken to Orlando Regional Medical Center, but the mother of one, succumbed to her injuries at 7:40 a.m. Ayala said in a statement that she would abide by the governor's choice and decline her right to appeal it.

    "This is so weird"- Rihanna reacts over Bates Motel debut

    If you're watching it but you're not watching it the way Rihanna is, you're fucking up. Norman says, "This isn't really working for me" in so many words.