Canadian Solar Inc. - Common Shares (CSIQ)

Canadian Solar CEO Shawn Qu acknowledged that near-to-mid-term uncertainties currently exist in the solar industry.

Canadian Solar reported 10.6% decline in net revenue and 2% increase in gross profit, driven by higher battery and project sales. Q1 outlook: revenue of $1.0-1.2B, gross margin of 9-11%.

Earlier, analysts at GLJ Research trimmed their price target for Canadian Solar, citing solar oversupply risks and the company’s inability to sell projects profitably.

Favorable regulations and incentives may be under threat, but there are signs that the market is warming up.

What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Dec. 16-20, 2024.

Goldman Sachs analyst Brian Lee revised ratings for residential solar stock, upgrading SolarEdge and downgrading Canadian Solar due to policy risks.

Canadian Solar Inc. (CSIQ) reported lower Q3 2024 results and missed expectations. Revenue declined 18%, gross margin down 20%, EPS at $(0.31). Cash position of $2.8B.

What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Oct. 21-25, 2024.

Solar's performance in 2024 has been weak, with stocks down over 25%. However, on Friday, solar stocks traded well, possibly due to potential Chinese policy changes.

These stocks aren't right for everyone, but if you have a high risk tolerance, they could be worth a closer look.