Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. decreased its place in shares of Canadian Photo voltaic Inc. (NASDAQ:CSIQ – Get Score) by 16.0% within the third quarter, in keeping with its most up-to-date submitting with the Securities & Alternate Fee. The fund owned 21,374 shares of the photo voltaic power supplier’s inventory after promoting 4,072 shares in the course of the quarter. The property of Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. in Canadian Photo voltaic had been value $796,000 as of its most up-to-date submitting with the Securities & Alternate Fee.
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A lot of hedge funds and different institutional traders have additionally lately added to or decreased their stakes within the firm. SG Americas Securities LLC raised its holdings in Canadian Photo voltaic by 162.8% within the third quarter. SG Americas Securities LLC now owns 23,927 shares of the photo voltaic power supplier’s inventory value $891,000 after buying an extra 14,822 shares within the final quarter. Handelsbanken Fonder AB lifted its holdings in Canadian Photo voltaic by 59.8% within the third quarter. Handelsbanken Fonder AB now owns 1,932,960 shares of the photo voltaic power supplier’s inventory value $72,003,000 after shopping for an extra 723,055 shares over the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a brand new place in Canadian Photo voltaic within the third quarter value $229,000. Eqis Capital Administration Inc. purchased a brand new place in Canadian Photo voltaic within the third quarter value $1,233,000. Lastly, Guinness Asset Administration LTD raised its holdings in Canadian Photo voltaic by 6.6% within the third quarter. Guinness Asset Administration LTD now owns 877,696 shares of the photo voltaic power supplier’s inventory valued at $32,694,000 after shopping for an extra 54,236 shares within the final quarter. 47.95% of the inventory is at present owned by institutional traders.
Canadian Photo voltaic Inventory Efficiency
Shares of CSIQ inventory opened at $41.89 on Friday. Canadian Photo voltaic Inc. has a one 12 months low of $22.15 and a one 12 months excessive of $47.69. The corporate’s 50-day transferring common is $35.50 and its 200-day transferring common is $36.26. The corporate has a market capitalization of $2.69 billion, a price-to-earnings ratio of 15.40 and a beta of 1.31. The corporate has a debt-to-equity ratio of 0.55, a fast ratio of 0.84 and a present ratio of 1.17.
Canadian Photo voltaic (NASDAQ:CSIQ – Get Score) final introduced its quarterly earnings knowledge on Tuesday, November twenty second. The photo voltaic power supplier reported $1.12 EPS for the quarter, beating the consensus estimate of $0.58 by $0.54. The corporate had income of $1.93 billion for the quarter, in comparison with the consensus estimate of $2.07 billion. Canadian Photo voltaic has a internet margin of two.68% and a return on fairness of 8.12%. Canadian Photo voltaic’s income for the quarter was up 57.2% on a year-over-year foundation. Throughout the identical interval final 12 months, the corporate posted $0.42 EPS. Promote-side analysts count on Canadian Photo voltaic Inc. will submit 2.59 EPS for the present fiscal 12 months.
Analyst Upgrades and Downgrades
A lot of analysis analysts have lately issued studies on the inventory. Roth Capital reiterated a “purchase” ranking on shares of Canadian Photo voltaic in a analysis be aware on Wednesday, November 23. Wells Fargo & Firm dropped their worth goal on shares of Canadian Photo voltaic from $38.00 to $33.00 and set an “equal weight” ranking for the corporate in a analysis be aware on Friday, January sixth. Downgraded by JPMorgan Chase & Co. lifted their worth goal on shares of Canadian Photo voltaic from $48.00 to $42.00 and set a “impartial” ranking for the corporate in a analysis be aware on Thursday, October twentieth. Lastly, StockNews.com assumed protection on shares of Canadian Photo voltaic in a analysis be aware on Wednesday, October twelfth. They issued a “maintain” ranking for the corporate. One analysis analyst has rated the inventory with a promote ranking, three have assigned a maintain ranking and two have assigned a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, the corporate presently has a consensus ranking of “Maintain” and a mean worth goal of $39.50.
About Canadian Photo voltaic
(Get Score)
Canadian Photo voltaic Inc, along with its subsidiaries, designs, develops, manufactures, and sells photo voltaic ingots, wafers, cells, modules, and different solar energy and battery storage merchandise in Asia, America, Europe, and worldwide. The corporate operates by way of two segments, Canadian Photo voltaic Inc (CSI) Photo voltaic and International Vitality.
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