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Fly News Breaks for May 8, 2015
CSIQ
May 8, 2015 | 09:17 EDT
After Canadian Solar reported stronger than expected Q1 results but provided weaker than expected guidance, Roth capital says that investors should focus on the company's May 18 Investor Day, which the firm expects to provide a positive catalyst to the stock. The firm says that the Q1 guidance was not as bad as it appeared, as sales of plants expected to close in Q2 closed in Q1, and the company's preparation for its yieldco launch dampened Q2 results. Roth keeps a $40 price target and Buy rating on Canadian Solar.
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