Information Provided By:
Fly News Breaks for August 24, 2016
CSIQ
Aug 24, 2016 | 05:34 EDT
Barclays downgraded Canadian Solar to Equal Weight and reduced its price target to $14 from $24. Analyst Jon Windham is cautious on leverage and said it poses a great risk relative to other names under coverage heading into what he expects to be a margin challenged 2017. Windham believes a broader issue for the industry is unintended and unavoidable consequences of government policy distorting the solar supply/demand model on a global scale.
News For CSIQ From the Last 2 Days
CSIQ
Mar 26, 2024 | 07:50 EDT
Roth MKM lowered the firm's price target on Maxeon Solar (MAXN) to $3 from $6 and keeps a Neutral rating on the shares. The firm cites the company's announcement stating it had initiated a TOPCon patent infringement lawsuit against Canadian Solar (CSIQ), noting that this could cause a disruption in the industry as many may not be fully aware of the strength of its TOPCon IP portfolio. Maxeon TOPCon patents predate any other TOPCon technology, the analyst tells investors in a research note.