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Fly News Breaks for November 22, 2016
CSIQ
Nov 22, 2016 | 08:13 EDT
Roth Capital analyst Philip Shen downgraded Canadian Solar to Neutral from Buy after the company delivered a somewhat inline Q3 and weak guide. Although management sees supply/demand coming into greater balance, the analyst says his work suggests ASPs could continue to decline in 2017, adversely impacting margins and profitability. He also lowered his price target on the shares to $11 from $20.
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).
