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Fly News Breaks for August 19, 2016
CSIQ
Aug 19, 2016 | 06:48 EDT
Cowen analyst Jeffery Osborne downgraded Canadian Solar to Market Perform following the strong Q2 report. The analyst believes the oversupply situation in the industry is likely to continue for several more quarters and questions if the pace of internal cost reductions the company can execute to drive its 29c/w cost target by Q4 2017. Further, Osborne does not believe Canadian Solar's premium valuation is warranted.
News For CSIQ 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).
