I’ve been on vacation for a few days so didn’t get this out Thursday night, but Canadian Solar (CSIQ) reported mixed Q1 results. The company posted a non GAAP EPS of $0.03, 4 cents lower than the analyst estimate of $0.07 on revenue of $336.9 million, vs estimate of $330.97 million. Those numbers are big increase over the year ago quarter of -.13 on the EPS side and just $49.5 in revenue. Shipments came in … Read the rest
Tag Archives: csiq
Canadian Solar (CSIQ) Announces New Sales Office In Italy
Canadian Solar just announced that it has opened a new sales office in Italy. The new office, which will be located in Rome, will be overseen by Canadian Solar’s Country Manager for Italy, Marco Pietro.
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In a Pietro explained why the company felt it was important to open the new location:
“Italy is one of the world’s top alternative energy markets, with impressive demand growth and … Read the rest
Canadian Solar (CSIQ) Announces Record Time Completion of Solar Energy Project With Green City
Canadian Solar just announced that the 1 MW solar energy project it built in Saxony with Green City Energy was completed in a record time of 2 months of construction. The system consists of panels installed on 16 rooftops, covering a surface area of 17,000 square meters. Since the project was finished before June 30th, it is exempt from the reductions in feed-in tariffs for PV systems.
===> Click Here For Your FREE Canadian Solar … Read the rest
Jefferies Bullish On Green Stocks: Buy JASO, YGE, TSL, ITRI, ENS, AMSC; Hold FSLR, CSIQ, SOLF, SPWRA, STP, WFR, ORA
Jesse Pichel, who was formerly at Piper Jaffray, is now at Jefferies and initiating coverage on many green stocks. Hat tip to Street Insider for the ratings.
Buy Rating:
JA Solar (JASO) – $8 price target
Yingli Green Energy (YGE) – $15 price target
Trina Solar (TSL) – $35 price target
Itron (ITRI) – $74 price target
EnerSys (ENS) – $28 price target
American Superconductor (AMSC) – $35 price target
EnerNOC (ENOC) – $38 price … Read the rest
Canadian Solar (CSIQ) Completes 1MW Italian Solar Farm
Canadian Solar just announced that it has completed a solar farm in the town of Narni, located in the Umbria region of Italy.
The 1MW solar farm is constructed of f 4,000 Canadian Solar CS6P 230-Watt modules, installed without reinforced cement to minimize the damage to the landscape.
====> Click Here For Your FREE Canadian Solar Analysis
In a press release, Marco Di Pietro, Country Manager with Canadian Solar for Italy, commented on the … Read the rest
Canadian Solar (CSIQ) Raises FY Guidance, But Shares Slammed After SEC Subpoena, Earnings Postponement
Over a month ago, Macquarie slashed its rating on Canadian Solar (CSIQ) and said it had lost credibility in management due to another EPS revision lower due to currency exchange losses. Today, that credibility takes another hit along with the price of its stock. The company announced after the bell today that it has been issued a subpoena by the SEC related to sales transactions last year. As a result, they’re delaying their earnings results … Read the rest
Auriga Slashes China Solar Price Targets (CSIQ, JASO, SOLF, TSL, STP); Upgrades First Solar (FSLR) To Buy
A little more than a month ago, Auriga initiated coverage on solar stocks and was generally bullish outside of its Sunpower (SPWRA) Sell rating. This morning, the firm is slashing price targets of some China solar companies, but is bullish in First Solar (FSLR). I don’t really understand the cutting of price estimates right now which are due to Euro exposure. The Euro has been deteriorating for some time now. Granted, Euro weakness has accelerated … Read the rest
Solar Stocks See Green In A Sea Red: TSL, SPWRA, CSIQ, YGE, STP
No doubt today’s action was ugly if you were on the long side of the trade and taking a look at the Up & Down Movers at the left tells the story. That’s a might lengthy list of green stocks down with heavy volume today, but there were bright spots provided in some solar stocks.
Despite a day when the overall market was down 4% with heavy volume, eight solar stocks finished in the green … Read the rest
More Wells Fargo (WFC) Coverage Of Solar Stocks: SOLF, YGE, CSIQ
Last night I posted the Well Fargo analyst notes on STP, TSL & SOL as the firm initiated coverage of the sector. This morning I have a few more notes for SOLF, YGE & CSIQ courtesy of Street Insider.
Wells Fargo initiates coverage of Solarfun (SOLF) with an Outperform and valuation range of $10-$12.50. They believe that SOLF has been unappreciated in the past and that with a new management team and improving cost … Read the rest
Auriga Upgrades Canadian Solar (CSIQ) To Buy, "Negative Catalyst Has Passed"
Auriga is out upgrading Canadian Solar (CSIQ) this morning to Buy from Hold, but lowered the price target from $25 to $21. The firm believes that CSIQ’s pre-announcement in which it announced a Forex hit as well as lower margins, has been priced in for the most part ahead of earnings (no official date announced yet).
Says the firm: “The gross margin decline was worse than expected, and when combined with the charge to Other … Read the rest