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Fly News Breaks for March 27, 2018
SEDG, CSIQ
Mar 27, 2018 | 05:14 EDT
JPMorgan analyst Paul Coster downgraded Canadian Solar (CSIQ) to Underweight with a $17 price target. The analyst sees downside risk from potential U.S. tariffs and a slowdown in China following the stock's recent outperformance. He prefers shares over SolarEdge Technologies (SEDG).
News For CSIQ;SEDG From the Last 2 Days
CSIQ
Apr 24, 2024 | 11:02 EDT
Wells Fargo notes that a group of seven domestic solar product makers, including First Solar (FSLR), filed a petition to levy anti-dumping and countervailing duties on solar imports from Cambodia, Malaysia, Thailand and Vietnam, looking for duties ranging from 70.4% to 271.5%. The firm, which included the "important reminder" that "this is just a petition," says the uncertainty created by the petition is "incrementally positive" for First Solar and negative for Canadian Solar (CSIQ), Array Technologies (ARRY) and Nextracker (NXT).
