Why Investors Are Running Away From Canadian Solar After Earnings

Canadian Solar Inc. (NASDAQ:CSIQ) added 17.4 percent in its Stock After Previous Earnings Release

Canadian Solar Inc. (NASDAQ:CSIQ) added 17.4 percent in its Stock After Previous Earnings Release

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.

Canadian Solar Inc. (CSIQ) topped its 52-week high price of $19.92 on Mar 30, 2016 and 52-Week Low Price of $10.25 on Nov 9, 2016.

As per the company's downstream business, it expects to hook to the grid between 1 GW and 1.2 GW of solar power plants globally this year.

Gov. Scott Wants State Atty. To Recuse Herself In Cop Killer Case
Orange County sheriff's Deputy Norman Lewis died in a crash while responding to the manhunt. Loyd's case is the most visible one affected by State Attorney Aramis Ayala's decision.

As the revenues measures, firm has operation margin of 6.40% in the following twelve months with net profit margin of positive 4.30%. Total revenue for the first quarter of 2017 is expected to be in the range of US$570 million to US$590 million. During the same period in the prior year, the company earned $1.05 earnings per share. The firm's quarterly revenue was down 40.3% on a year-over-year basis. The stock has added about 17.4% since it reported its last earnings. JPMorgan Chase & Co. decreased their target price on shares of Canadian Solar to $14.00 in a research note on Wednesday.

In previous years, Canadian Solar relied on third-party solar cells at various times, which made the company vulnerable to price fluctuations. JMP Securities reiterated a "hold" rating on shares of Canadian Solar in a research note on Tuesday, November 22nd. 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 now has an average rating of "Hold" and an average price target of $19.49. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.11 on scale of 1-5. The firm's 50-day moving average price is $13.46 and its 200-day moving average price is $13.07.

The West Guelph, Canada based company recorded fourth quarter Non-GAAP net income of $ 14.17 million or $ 0.24 per share. For the period ending 2016-12-31, Canadian Solar Inc. Raymond James Financial Services Advisors Inc. now owns 15,514 shares of the company's stock valued at $189,000 after buying an additional 3,350 shares in the last quarter. Finally, Guinness Asset Management Ltd boosted its stake in Canadian Solar by 25.6% in the third quarter.

Rihanna makes her debut as Marion Crane on 'Bates Motel'
The 29-year-old looked like she was hoping to slip by unnoticed as she headed into a late night meeting at make-up chain Sephora. The first episode ends with Marion driving toward the Bates Motel as the dark, gloomy weather sets in.

Looking about the past performance history, the company plunged -9.20% in past week and declined -12.68% in one month. Finally, Creative Planning increased its position in shares of Canadian Solar by 198.3% in the third quarter.

Canadian Solar SVP and CFO Huifeng Chang said that excluding the AD/CVD adjustment, the company's gross margin would have been 13.9%, which would have been in line with guidance of 11-16%.

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London Terror Attack: Mayor Says Terrorism Is Part Of Big City Living
The identities and motivations of the suspects were not yet known, nor had a complete timeline of the attack been released. Another person was stabbed near an entrance to Parliament, and the assailant was shot by police.

Since February of this year, no Canadian Solar modules made in China have been shipped to the US; the company instead supplying the market via its Southeast Asia facility.

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