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Oppenheimer: "Expect Big Q3 Out Of Canadian Solar (CSIQ)"
Notable Calls is out with a post this morning saying that Oppenheimer is raising their price target on Canadian Solar (CSIQ) following the Intersolar trade show. While cautious on solar overall, they believe CSIQ is positioned well with a low cost structure, allowing the company to price aggressively and take market share. The firm is raising the price target from $14 to $19. They’re also increasing 2009/2010 revenue and EPS estimates to $476/.28 and $655/1.05 vs the consensus of $454/.05 and $634/.80 and calling for a BIG Q3.
Read the post at Notable Calls for more details
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