Ultime notizie per Canadian Solar (NASDAQ:CSIQ) Azioni

Canadian Solar

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing, and manufacturing solar ingots, wafers, cells, modules, and other solar power products. It operates through two business segments CSI Solar and Recurrent Energy segment. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. Its Recurrent segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets.

Canadian Solar Inc

The 20-year tolling agreements encompass the Desert Bloom Storage and Papago Solar projects. Both projects, located in Maricopa County, Arizona, are scheduled to start construction in 2025 and reach operation in 2026. Desert Bloom Storage is a 600 MWh standalone storage facility, while Papago Solar is a 150 MWac solar facility.

News

CSIQ

Recurrent Energy Signs Two New Tolling Agreements With Arizona Public Service Company

Canadian Solar Subsidiary Recurrent Energy Reports Successful Operation Of 134 MW Solar Project

Solar energy companies have been among the <a href="https://www.benzinga.com/markets/esg/24/10/41450681/enphase-energy-solar-stock-stuck-in-the-dark-hopes-earnings-spark-a-turnaround">market&#8217;s biggest underperformers</a> in recent weeks but traded well in the green on Friday. Have solar&#8217;s woes hit an inflection point?
Solar&#8217;s Performance: Investors have been bearish on solar energy in 2024. The solar-tracking Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) is down over 25% year to date; solar&#8217;s performance in the past month ranks last in the technology industry.
The largest components have fared poorly <a href="https://www.benzinga.com/quote/ENPH/earnings">following lackluster earnings</a>. Rising material costs and political uncertainty aren&#8217;t helping, either.
Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) shed over 30% of its market cap from Sept. 24 to Thursday. Canadian Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) is down over 18% while shares of First Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) dropped nearly 20% in that timeframe.
Array Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) has performed, comparatively, even in the past month, though is down over 61% in 2024.
What Happened Friday: Solar stocks were among the market&#8217;s top performers on Friday, according to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-10-25/china-solar-stocks-jump-on-optimism-oversupply-will-be-addressed">reported</a> on Friday morning that China could address oversupply concerns by curbing industry production. A new policy could speed up the retirement of less-efficient polysilicon plants; polysilicon is a key component in the solar supply chain.
The market quickly reacted:
<ul>
<li>Shares of Canadian Solar closed the day up 9.83%.</li>
<li>Shares of Enphase Energy closed the day up 3.37%.</li>
<li>Shares of Array Technologies closed the day up 4.38%.</li>
<li>Shares of First Solar closed the day up 1.24%.</li>
</ul>
What&#8217;s Next?: An obvious catalyst (or hindrance) for investors looking to invest in the solar energy industry is the <a href="https://www.benzinga.com/topic/2024-presidential-election">2024 United States presidential election</a> between Vice President Kamala Harris and former President Donald Trump. 
Harris, the Democratic nominee, has supported <a href="https://www.benzinga.com/markets/esg/24/07/39888337/what-a-kamala-harris-presidency-could-mean-for-oil-stocks-chevron-marathon-move-lower">reducing greenhouse gas emissions</a> through the adoption of green energy. Trump, the Republican nominee, has <a href="https://www.benzinga.com/markets/equities/24/07/39846094/exclusive-would-a-trump-victory-help-or-hurt-solar-stocks-benzinga-poll-shows-investors-divided">previously falsely claimed</a> that climate change is a hoax. A Trump presidency <a href="https://www.benzinga.com/markets/equities/24/10/41213583/what-a-trump-win-could-mean-for-financial-energy-stocks-lessons-from-2016">would likely benefit</a> mining, oil and gas companies and present an obvious headwind for solar.
Perhaps much of solar&#8217;s underperformance in recent weeks can be chalked up to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41455938/donald-trumps-election-odds-surge-to-64-on-polymarket-60-on-kalshi-and-favorite-in-all-swi">growing market confidence</a> that Trump will prevail come November. Solar stocks <a href="https://www.benzinga.com/markets/equities/24/09/40817317/solar-shares-climb-as-harris-gains-momentum-post-debate-against-trump-7-top-gainers-in-clean-ene">previously performed well</a> during times of momentum for Harris.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41552274/tech-stocks-rally-as-investors-await-magnificent-7-earnings-dollar-eyes-fourth-straight-positive-we">Tech Stocks Rally As Investors Await Magnificent 7 Earnings; Dollar Eyes Fourth Straight Positive Week: What&#8217;s Driving Markets Friday?</a></li>
</ul>
Image: Midjourney

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ARRY

ENPH

FSLR

Solar Energy Surges: Could Friday's Price Action Mark A Reversal For Solar's Underperformance?

WIIM

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MAXN

SEDG

Shares of solar-related companies are trading higher. A report suggests that China will address oversupply concerns by curbing industry production.

During the last three months, 5 analysts shared their evaluations of Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">2</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Canadian Solar, presenting an average target of $17.26, a high estimate of $27.00, and a low estimate of $11.00. This current average has decreased by 24.36% from the previous average price target of $22.82. 
<img src="https://www.benzinga.com/files/images/story/2024/1729612837_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Canadian Solar. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vikram Bagri</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$11.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Philip Shen</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$20.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Brian Lee</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Colin Rusch</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$27.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Gordon Johnson</td>
<td>GLJ Research</td>
<td>Raises</td>
<td>Sell</td>
<td>$12.28</td>
<td>$9.10</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Canadian Solar. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Canadian Solar compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Canadian Solar's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Canadian Solar's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CSIQ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Canadian Solar analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Canadian Solar's Background</h2>
Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing, and manufacturing solar ingots, wafers, cells, modules, and other solar power products. It operates through two business segments CSI Solar and Recurrent Energy segment. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. Its Recurrent segment primarily comprises solar and battery storage project development and sale, O&amp;M and asset management services for operational projects, sale of electricity, and investment in retained assets.
<h3>Canadian Solar's Financial Performance</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: Canadian Solar's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -30.82%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Canadian Solar's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 0.23%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Canadian Solar's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.15% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Canadian Solar's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.03% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Canadian Solar's debt-to-equity ratio stands notably higher than the industry average, reaching 1.86. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Expert Ratings For Canadian Solar

Throughout the last three months, 5 analysts have evaluated Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>), offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Canadian Solar, presenting an average target of $17.26, a high estimate of $27.00, and a low estimate of $11.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 24.36%. 
<img src="https://www.benzinga.com/files/images/story/2024/1729609230_0_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A clear picture of Canadian Solar's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vikram Bagri</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$11.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Philip Shen</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$20.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Brian Lee</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Colin Rusch</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$27.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Gordon Johnson</td>
<td>GLJ Research</td>
<td>Raises</td>
<td>Sell</td>
<td>$12.28</td>
<td>$9.10</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Canadian Solar. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Canadian Solar compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Canadian Solar's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Canadian Solar's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CSIQ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Canadian Solar analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Canadian Solar's Background</h2>
Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing, and manufacturing solar ingots, wafers, cells, modules, and other solar power products. It operates through two business segments CSI Solar and Recurrent Energy segment. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. Its Recurrent segment primarily comprises solar and battery storage project development and sale, O&amp;M and asset management services for operational projects, sale of electricity, and investment in retained assets.
<h3>Canadian Solar: A Financial Overview</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Canadian Solar faced challenges, resulting in a decline of approximately -30.82% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Canadian Solar's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.23% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 0.15%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Canadian Solar's ROA stands out, surpassing industry averages. With an impressive ROA of 0.03%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.86, caution is advised due to increased financial risk.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Canadian Solar: Insights From 5 Financial Analysts

Citigroup analyst Vikram Bagri downgrades Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) from Neutral to Sell and lowers the price target from $19 to $11.

Downgrades

Price Target

Citigroup Downgrades Canadian Solar to Sell, Lowers Price Target to $11

<h3>Gainers</h3>
<ul>
<li>Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) shares rose 11.4% to $7.89 during Tuesday's pre-market session. The company's market cap stands at $53.8 million. </li>
<li>Sobr Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) stock rose 10.55% to $9.95. The market value of their outstanding shares is at $23.2 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares rose 7.81% to $1.38. The market value of their outstanding shares is at $4.1 million. </li>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) stock rose 7.64% to $0.48. The company's market cap stands at $14.2 million. </li>
<li>UTime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) shares moved upwards by 6.04% to $0.45. The market value of their outstanding shares is at $11.6 million. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock increased by 5.82% to $8.9. The market value of their outstanding shares is at $100.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) stock decreased by 6.7% to $0.24 during Tuesday's pre-market session. The market value of their outstanding shares is at $4.4 million. </li>
<li>Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) stock declined by 5.09% to $40.52. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Ondas Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) stock decreased by 4.92% to $0.87. The market value of their outstanding shares is at $65.5 million. </li>
<li>Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) stock decreased by 4.91% to $12.01. The company's market cap stands at $794.7 million. </li>
<li>HeartCore Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) shares fell 4.62% to $1.24. The company's market cap stands at $25.8 million. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares fell 4.6% to $0.58. The company's market cap stands at $57.1 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARQQ

DATS

HTCR

LAES

ONDS

PHUN

SOBR

12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) stock increased by 11.4% to $7.89 during Tuesday's pre-market session. The company's market cap stands at $53.8 million. </li>
<li>Sobr Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares moved upwards by 10.55% to $9.95. The market value of their outstanding shares is at $23.2 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares moved upwards by 7.81% to $1.38. The company's market cap stands at $4.1 million. </li>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares moved upwards by 7.64% to $0.48. The market value of their outstanding shares is at $14.2 million. </li>
<li>UTime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) stock moved upwards by 6.04% to $0.45. The company's market cap stands at $11.6 million. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock rose 5.82% to $8.9. The market value of their outstanding shares is at $100.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) stock declined by 6.7% to $0.24 during Tuesday's pre-market session. The company's market cap stands at $4.4 million. </li>
<li>Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) shares declined by 5.09% to $40.52. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Ondas Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) stock decreased by 4.92% to $0.87. The market value of their outstanding shares is at $65.5 million. </li>
<li>Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) stock decreased by 4.91% to $12.01. The market value of their outstanding shares is at $794.7 million. </li>
<li>HeartCore Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) shares fell 4.62% to $1.24. The market value of their outstanding shares is at $25.8 million. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) stock declined by 4.6% to $0.58. The company's market cap stands at $57.1 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The suit&nbsp;alleges&nbsp;that the subsidiaries are directly or indirectly infringing on two U.S. patents held by Trina relating to tunnel oxide passivated contact solar photovoltaic module technology (commonly referred to in the solar industry as &quot;TOPCon&quot; technology).

Legal

Canadian Solar Says Chinese Competitor Trina Solar Filed Complaint For Patent Infringement In US District Court Against Three Of US Subsidiaries

ASTI

NOVA

SMXT

Shares of solar stocks are trading lower amid possible sympathy with First Solar after Jefferies cut its price target on the stock from $271 to $266.

The <a href="https://www.benzinga.com/topic/2024-election">hotly contested 2024 election</a> between Vice President Kamala Harris and former President Donald Trump has Americans bracing for a down-to-the-wire finish. While Harris has <a href="https://www.benzinga.com/news/24/09/40969781/nate-silvers-forecast-kamala-harris-retakes-lead-over-donald-trump">a slight lead</a> in polling forecasts, the race remains an essential toss-up. 
As market participants consider investment ideas tied to the election, telling signs might be found in the aftermath of <a href="https://www.benzinga.com/topic/2016-presidential-election">the 2016 election</a>.
Election Debrief: Trump won the 2016 election in a surprising upset over Democrat Hillary Clinton. He ran on a platform of building a wall on the U.S.-Mexico border, repealing Obamacare, enacting deregulation and prioritizing fossil fuels.
Trump <a href="https://www.benzinga.com/news/20/11/18261020/joe-biden-wins-2020-presidential-election-as-donald-trump-pushes-lawsuits-recounts">lost the 2020 election</a> to Democrat Joe Biden.
2016 Winners: Large bank stocks benefitted the most from Trump&#8217;s 2016 triumph.
Shares of JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) soared over 13% in the week following Trump&#8217;s surprising win, according to data from Yahoo Finance. Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) traded up over 17% that week. Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) saw an 18% bump in share price. Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) also had a fantastic week as shares jumped over 16%.
Blackstone Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) Stephen Schwarzman is among <a href="https://www.benzinga.com/markets/equities/24/05/39021029/donald-trump-to-get-endorsement-from-blackstone-ceo-steve-schwarzman-report">Trump&#8217;s biggest supporters</a> on Wall Street. Shares of the private equity giant traded up nearly 9% in the week following the 2016 election.
The market&#8217;s preference for financial stocks after Trump's win comes as no surprise, given his strong support for deregulating the financial sector.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/10/41209505/hurricane-milton-is-floridas-secon">Hurricane Milton Is Florida&#8217;s Second Storm In Two Weeks: How Disney, Theme Parks, Insurance Companies Could Be Impacted</a>
Trump&#8217;s 2016 victory was also favorable to the oil and coal industries due to his support for deregulating the energy sector and prioritizing American energy production. Shares of coal mining company Arch Resources Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCH#NYSE">ARCH</a>) rocketed up over 21% in the week following the election. Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) saw modest gains.
2016 Losers: Indexes in foreign countries fell overnight on election day 2016, <a href="https://money.cnn.com/2016/11/08/investing/global-markets-stocks-trump-clinton-us-presidential-election/index.html">according</a> to CNN. The Mexican peso plunged 9%, while European indexes fell a few percentage points. The Russia-tracking iShares MSCI Russia ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERUS#NYSE">ERUS</a>) ticked higher overnight.
Tech stocks closed the week in the red, perhaps due to regulatory concerns. Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) all ticked down 2 to 3 percentage points.
Clean energy stocks faced challenges after the 2016 election. Electric vehicle manufacturer Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) ended the week down over 5%, following Trump&#8217;s victory. At the time, CEO Elon Musk had not <a href="https://www.benzinga.com/news/24/08/40145805/elon-musk-says-his-endorsement-of-trump-doesnt-mean-he-agrees-with-everything-ex-president-is-saying">yet endorsed Trump</a> for a future run, but the market reaction reflected broader concerns for clean energy under a pro-fossil-fuel administration. Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) saw an even steeper decline, shedding over 16% of its market value in the week after the election.
Why it Matters: If history were to repeat itself, a Trump win in 2024 would likely bode well for financial, oil and coal companies. On the flip side, tech companies under regulatory scrutiny and clean energy stocks could see declines in Trump&#8217;s hypothetical return to the White House.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41199702/trump-says-we-need-a-mandate-in-the-vote-and-were-going-to-get-it-as-2024-election-draws-near">Trump Says &#8216;We Need A Mandate In The Vote, And We&#8217;re Going To Get It&#8217; As 2024 Election Draws Near</a></li>
</ul>
Photo: Shutterstock

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ERUS

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What A Trump Win Could Mean For Financial, Energy Stocks: Lessons From 2016

U.S. stocks were lower, with the Dow Jones index falling more than 100 points on Monday.
Shares of Pfizer Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) rose during Monday's session after Starboard Value acquired a $1 billion stake <a href="https://www.benzinga.com/quote/PFE/news">in the company.</a>
Pfizer shares gained 4% to $29.70 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Scholar Rock Holding Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) shares jumped 291% to $29.04 after the company announced topline results from the Phase 3 SAPPHIRE clinical trial evaluating the efficacy and safety of apitegromab in patients with SMA. The study achieved its primary endpoint.</li>
<li>Duckhorn Portfolio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAPA#NYSE">NAPA</a>) shares climbed 101.3% to $10.87 after the company reported better-than-expected fourth-quarter financial results. Also, the company announced it into a definitive agreement to be acquired by private equity funds managed by Butterfly Equity.</li>
<li>Arcadium Lithium PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) gained 40.1% to $4.32 after the company announced that it has been approached by Rio Tinto regarding a potential acquisition.</li>
<li>MYT Netherlands Parent BV-ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NYSE">MYTE</a>) gained 26.5% to $5.45. Mytheresa announced plans to acquire YOOX NET-A-PORTER from Richemont in a €555 million cash deal.</li>
<li>ACM Research Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) shares gained 16.2% to $25.60.</li>
<li>Zeekr Intellignt Tchnlgy Hldng Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) shares jumped 15.8% to $30.00.</li>
<li>Xiao-I Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) shares gained 15.5% to $7.80.</li>
<li>JinkoSolar Holding Co., Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) climbed 13.8% to $34.09.</li>
<li>UP Fintech Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) shares gained 13.5% to $14.06.</li>
<li>Serve Robotics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) climbed 13.4% to $9.95.</li>
<li>Canadian Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) shares gained 13.2% to $17.93.</li>
<li>Hims &amp; Hers Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) gained 11.4% to $19.67. The company is set to join to the S&amp;P SmallCap 600 this week.</li>
<li>Liquidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) shares climbed 10.6% to $11.11.</li>
<li>Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 10.3% to $18.20.</li>
<li>Vista Outdoor Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) gained 9.8% to $43.77 after the company announced it entered into a definitive agreement with funds managed by Strategic Value Partners and its affiliates to sell Revelyst in an all-cash transaction.</li>
<li>RLX Technology Inc – ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) gained 9.4% to $1.92.</li>
<li>Air Products and Chemicals Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>) gained 8.6% to $309.95 after activist investor Mantle Ridge built a more than $1 billion stake in the company and said it plans to push for improvements.</li>
<li>Generac Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) gained 7.1% to $171.60.</li>
<li>MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) gained 6.4% to $187.86.</li>
</ul>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41206375/jim-cramer-ast-spacemobile-is-just-too-hot-recommends-buying-this-tech-stock">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a></li>
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Intraday Update

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Hims & Hers Health, Inc. Class A Common Stock

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Pfizer, Vista Outdoor, Duckhorn Portfolio And Other Big Stocks Moving Higher On Monday

<a href="http://www.canadiansolar.com/">Canadian Solar Inc</a>.&nbsp;(the "Company" or "Canadian Solar") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>)&nbsp;today announced that&nbsp;<a href="https://csestorage.com/">e-STORAGE</a>, which is part of the Company's majority-owned subsidiary&nbsp;CSI Solar Co., Ltd.&nbsp;("CSI Solar) has secured a turnkey EPC contract to supply a 98 MW/312 MWh DC Battery Energy Storage System (BESS) to the Huatacondo project in Chile. The project, developed by Sojitz Corporation and Shikoku Electric Power Co., Inc. through their subsidiary AustrianSolar Chile Cuatro SpA ("ASC4"), is set to commence construction in the first quarter of 2025.
e-STORAGE will provide and integrate its advanced <a href="https://csestorage.com/solbank-3-0/">SolBank 3.0</a>&nbsp;energy storage solution for the project. Under the EPC contract, e-STORAGE will manage all civil, mechanical, and electrical infrastructure for the project.

Canadian Solar Secures Contract for 98 MW Battery Storage Project in Chile

Solar stocks rallied Wednesday, rebounding from recent four-year lows, following Vice President Kamala Harris&#8216;s strong showing against former President Donald Trump at their highly anticipated presidential <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40813068/a-flash-poll-shows-kamala-harris-as-the-clear-winner-of-the-debate-against-donald-trump-bu">debate on ABC. </a>
Investors appeared buoyed by Harris's performance during the debate, which signaled potential stability for clean energy policies under a future administration, sparking renewed interest in the solar sector.
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>), a benchmark for the solar industry, surged by 3.7% by 11:05 a.m. ET, even as broader market sentiment remained bearish following a concerning August inflation report.
<h3 class="wp-block-heading">Harris&#8217;s Debate Performance Boosts Clean Energy Optimism</h3>
In a CNN/SSRS poll of 600 registered voters who tuned into the debate, 63% said Harris outperformed Trump, while 37% favored the former president. Prior to the debate, the same group of voters had been evenly split on their expectations of who would deliver a stronger performance.
Coco Zhang, an ESG research analyst at ING Group, noted that Harris is &#8220;likely to preserve the Biden administration's most important climate legacy, emphasizing a more efficient implementation of the Inflation Reduction Act (IRA).&#8221;
Harris has long been a vocal advocate for clean energy. During a 2023 speech at Coppin State University, she reiterated her administration's long-term goals: &#8220;We set an ambitious goal to cut our greenhouse gas emissions in half by 2030 and to reach net-zero emissions by 2050,&#8221; she said.
Also Read: <a href="https://www.benzinga.com/news/24/09/40815343/not-a-slam-dunk-for-harris-but-the-chances-of-a-trump-victory-have-slipped-investors-markets-adjust">&#8216;Not A Slam Dunk For Harris, But The Chances Of A Trump Victory Have Slipped:&#8217; Investors, Markets Adjust Positions After Presidential Debate</a>
<h3 class="wp-block-heading">Harris&#8217;s Climate Legacy</h3>
Zhang emphasized that Harris&#8217;s campaign proposals in 2020 included an aggressive $10 trillion investment in decarbonizing the U.S. economy, the establishment of a carbon tax, and a ban on fracking. &#8220;We expect her to propose expanded clean energy spending, with a greater focus on environmental justice and affordable energy,&#8221; said Zhang.
Furthermore, a Harris-led administration would likely enforce stricter regulations on vehicles, oil, and gas industries, aligning with her vision to advance U.S. climate leadership on the global stage, particularly through continued participation in key climate summits like the United Nations Conference of the Parties.
<h3 class="wp-block-heading">Solar Stocks: Wednesday&#8217;s Top 7 Gainers</h3>
Below are the top gainers in the solar sector on Wednesday:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td>
<td>7.98%</td>
</tr>
<tr>
<td>Shoals Technologies Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>)</td>
<td>7.80%</td>
</tr>
<tr>
<td>Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>)</td>
<td>6.47%</td>
</tr>
<tr>
<td>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) </td>
<td>6.33%</td>
</tr>
<tr>
<td>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>)</td>
<td>5.80%</td>
</tr>
<tr>
<td>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>)</td>
<td>5.00%</td>
</tr>
<tr>
<td>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>)</td>
<td>4.43%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40810498/bill-ackman-and-elon-musk-blast-kamala-harris-for-her-social-media-posts-during-debate-with-trump-ev">Bill Ackman And Elon Musk Blast Kamala Harris For Her Social Media Posts During Debate With Trump: &#8216;Even Her Tweets Are Not Her Own&#8217;</a></li>
</ul>
Photo created using Shutterstock and Midjourney.

Macro Economic Events

Mid Cap

Econ #s

Economics

SHLS

Solar Shares Climb As Harris Gains Momentum Post-Debate Against Trump: 7 Top Gainers In Clean Energy

Shares of solar stocks are trading higher. The sector may be reacting to last night's Trump-Harris debate and comments from VP Harris in support of diverse energy sources.

Under the terms of the agreement, SOLARCYCLE will serve as Canadian Solar&#39;s preferred recycling partner, while Canadian Solar will act as an original equipment manufacturer (OEM) partner to SOLARCYCLE, offering upfront recycling services. Canadian Solar customers can now secure recycling services at the time of purchase, integrating sustainability into the lifecycle of their projects from the outset.

Canadian Solar Enters Partnership Agreement With Solar Recycling Company SOLARCYCLE

Roth MKM analyst Philip Shen maintains Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) with a Buy and lowers the price target from $25 to $20.

Roth MKM Maintains Buy on Canadian Solar, Lowers Price Target to $20

Goldman Sachs analyst Brian Lee maintains Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) with a Neutral and lowers the price target from $18 to $16.

Goldman Sachs Maintains Neutral on Canadian Solar, Lowers Price Target to $16

During the last three months, 4 analysts shared their evaluations of Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $23.57, along with a high estimate of $35.00 and a low estimate of $12.28. Highlighting a 11.95% decrease, the current average has fallen from the previous average price target of $26.77. 
<img src="https://www.benzinga.com/files/images/story/2024/1724421623_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Canadian Solar is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Colin Rusch</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$27.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Gordon Johnson</td>
<td>GLJ Research</td>
<td>Raises</td>
<td>Sell</td>
<td>$12.28</td>
<td>$9.10</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$20.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Jon Windham</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$35.00</td>
<td>$38.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Canadian Solar. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Canadian Solar compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Canadian Solar's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Canadian Solar's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CSIQ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Canadian Solar analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Canadian Solar</h2>
Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing, and manufacturing solar ingots, wafers, cells, modules, and other solar power products. It operates through two business segments CSI Solar and Recurrent Energy segment. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. Its Recurrent segment primarily comprises solar and battery storage project development and sale, O&amp;M and asset management services for operational projects, sale of electricity, and investment in retained assets.
<h3>A Deep Dive into Canadian Solar's Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Canadian Solar's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -21.88% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 0.93%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 0.49%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Canadian Solar's ROA stands out, surpassing industry averages. With an impressive ROA of 0.1%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Canadian Solar's debt-to-equity ratio surpasses industry norms, standing at 2.05. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Canadian Solar's e-STORAGE to Power 200 MWh Energy Storage Project in Southeastern Australia

Canadian Solar Inc. Announces US$200 Million Private Placement of Secured Convertible Notes with PAG

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Canadian Solar Reports Second Quarter 2024 Results

Canadian Solar and SOLARCYCLE Ink Landmark Cradle-to-Cradle U.S. Recycling Partnership

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Recurrent Energy to deliver 1,800 MWh of energy storage and 150 MWac of solar capacity to Arizona Public Service by 2026

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