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Fly News Breaks for August 19, 2016
CSIQ
Aug 19, 2016 | 08:52 EDT
Canaccord analyst Jed Dorsheimer lowered his price target on Canadian Solar to $20 from $29 following its decision to forego its YieldCo listing. The analyst believes the sale of project assets should unlock shareholder value and can help deliver the balance sheet. Dorsheimer said uncertainty around the timing and value of asset sales will be an overhang on the stock but the company's cost structure and prudent inventory management should help buoy shares. Dorsheimer reiterated his Buy rating on Canadian Solar shares.
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).
