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%.

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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.

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