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Ross MKM reiterates its recommendation to buy Canadian Solar (CSIQ)

Fintel reports that on May 31, 2023, the Roth MKM repeated Canadian Solar report (NASDAQ: CSIQ) with buy recommendation.

Analyst Price Expectations Suggest 12.87% Gains

One-year average as of May 11, 2023 target price 47.18 for Canadian Solar. Expectations range from lows of $18.57 to highs of $65.10. The average target price is up 12.87% from the latest reported closing price of 41.80.

see our corporate leaderboard The target price has the most upside potential.

Canadian Solar’s annual revenue is expected to grow 28.37% to 10,166 million.Non-GAAP Annual Forecast EPS is 4.45.

What is Fund Sentiment?

there is 251 foundations or institutions reporting positions at Canadian Solar. That’s an increase of 18 owners or 7.73% over the last quarter.Portfolio average weight out of all funds CSIQ dedicated was 0.30%, an increase of 24.02%. Total shares owned by institutional investors increased by 3.65% to 34,658,000 shares in the past three months. of put/call ratio The CSIQ index is 0.72, indicating a bullish outlook.

What are other shareholders doing?

CSIQ / Institutional Holdings of Canadian Solar

Grantham, Mayo, Van Otterlo & Co. holds 2,924,000 shares representing a 4.52% ownership interest in the company. Earlier filings reported that the company owned 2,923,000 shares. will increase 0.02%.office increased Portfolio allocation in CSIQ increased by 23.04% quarter-on-quarter.

Invesco holds 2,085,000 shares representing a 3.23% ownership interest in the company. Earlier filings reported that the company owned 2,286,000 shares. Decrease 9.66%.office Diminished Portfolio allocation in CSIQ increased by 89.64% quarter-on-quarter.

Mackenzie Financial holds 2,065,000 shares representing a 3.19% ownership interest in the company. Earlier filings reported that the company owned 2,028,000 shares. will increase 1.80%.office increased Portfolio allocation in CSIQ increased by 14.01% quarter-on-quarter.

Handelsbanken Vonder AB holds 1,870,000 shares representing a 2.89% ownership interest in the company. Earlier filings reported that the company owned 2,088,000 shares. Decrease 11.63%.office increased Portfolio allocations in CSIQ increased 6.26% quarter-on-quarter.

TAN – Invesco Solar ETF owns 1,633,000 shares representing a 2.53% ownership interest in the company. Earlier filings reported that the company owned 1,810,000 shares. Decrease 10.84%.office increased Portfolio allocation in CSIQ increased by 22.86% quarter-on-quarter.

Canadian Solar Background Information
(This description was provided by us.)

Canadian Solar was founded in Canada in 2001 and is one of the world’s largest solar technology and renewable energy companies. The company is a leading manufacturer of photovoltaic modules and a provider of solar energy and storage solutions, developing utility-scale photovoltaic and storage projects with a geographically distributed pipeline at various stages of development. is a person. Over the past 19 years, Canadian Solar has delivered over 52 GW of high quality photovoltaic modules to customers in over 150 countries. Similarly, since entering the project development business in 2010, Canadian Solar has developed, constructed and connected over 5.7 GWp of electricity in more than 20 countries worldwide. Currently, the company has approximately 500 MWp of projects underway, over 5 GWp under construction or unprocessed (late stage) and another 15 GWp in the pipeline (mid to early stage). Canadian Solar has been listed on the NASDAQ since 2006 and is one of the most bankable companies in the solar and renewable energy industry.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports that on May 31, 2023, the Roth MKM repeated Canadian Solar report (NASDAQ: CSIQ) with buy recommendation. Analyst Price Expectations Suggest 12.87% Gains One-year average as of May 11, 2023 target price 47.18 for Canadian Solar. Expectations range from lows of $18.57 to highs of $65.10. The average target price is up 12.87% from the latest reported closing price of 41.80.

see our corporate leaderboard The target price has the most upside potential. Canadian Solar’s annual revenue is expected to grow 28.37% to 10,166 million.Non-GAAP Annual Forecast EPS is 4.45. What is Fund Sentiment? there is 251 foundations or institutions reporting positions at Canadian Solar. That’s an increase of 18 owners or 7.73% over the last quarter.Portfolio average weight out of all funds CSIQ dedicated was 0.30%, an increase of 24.02%. Total shares owned by institutional investors increased by 3.65% to 34,658,000 shares in the past three months. of put/call ratio The CSIQ index is 0.72, indicating a bullish outlook. What are other shareholders doing? Grantham, Mayo, Van Otterlo & Co. holds 2,924,000 shares representing a 4.52% ownership interest in the company. Earlier filings reported that the company owned 2,923,000 shares. will increase 0.02%.office increased Portfolio allocation in CSIQ increased by 23.04% quarter-on-quarter. Invesco holds 2,085,000 shares representing a 3.23% ownership interest in the company. Earlier filings reported that the company owned 2,286,000 shares. Decrease 9.66%.office Diminished Portfolio allocation in CSIQ increased by 89.64% quarter-on-quarter.

Mackenzie Financial holds 2,065,000 shares representing a 3.19% ownership interest in the company. Earlier filings reported that the company owned 2,028,000 shares. will increase 1.80%.office increased Portfolio allocation in CSIQ increased by 14.01% quarter-on-quarter. Handelsbanken Vonder AB holds 1,870,000 shares representing a 2.89% ownership interest in the company. Earlier filings reported that the company owned 2,088,000 shares. Decrease 11.63%.office increased Portfolio allocations in CSIQ increased 6.26% quarter-on-quarter. TAN – Invesco Solar ETF owns 1,633,000 shares representing a 2.53% ownership interest in the company. Earlier filings reported that the company owned 1,810,000 shares. Decrease 10.84%.office increased Portfolio allocation in CSIQ increased by 22.86% quarter-on-quarter. Canadian Solar Background Information(This description was provided by us.)
Canadian Solar was founded in Canada in 2001 and is one of the world’s largest solar technology and renewable energy companies. The company is a leading manufacturer of photovoltaic modules and a provider of solar energy and storage solutions, developing utility-scale photovoltaic and storage projects with a geographically distributed pipeline at various stages of development. is a person. Over the past 19 years, Canadian Solar has delivered over 52 GW of high quality photovoltaic modules to customers in over 150 countries. Similarly, since entering the project development business in 2010, Canadian Solar has developed, constructed and connected over 5.7 GWp of electricity in more than 20 countries worldwide. Currently, the company has approximately 500 MWp of projects underway, over 5 GWp under construction or unprocessed (late stage) and another 15 GWp in the pipeline (mid to early stage). Canadian Solar has been listed on the NASDAQ since 2006 and is one of the most bankable companies in the solar and renewable energy industry.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/roth-mkm-reiterates-canadian-solar-csiq-buy-recommendation Ross MKM reiterates its recommendation to buy Canadian Solar (CSIQ)

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