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CSIQ

Canadian Solar

$16.55

-0.66 (-3.84%)

10:40
08/11/17
08/11
10:40
08/11/17
10:40

Pre-earnings call spread in Canadian Solar

Pre-earnings call spread in Canadian Solar. The stock up 8c to $16.63 and an investor is buying Sep 17 calls for $1.10, while selling Sep 18 calls at 70c and Sep 19 calls at 40c. The spread has traded 1K on PHLX and 4K on ISE. The new position (cal tree) targets an 8.2% move to $18 through the September expiration and is being opened ahead of earnings on 8/14. The stock lost .8% to $12.59 on 6/6 after the last report and is up 32% since that time.

CSIQ Canadian Solar
$16.55

-0.66 (-3.84%)

04/18/17
OTRG
04/18/17
NO CHANGE
OTRG
Solar PV Manufacturers downgraded to Negative from Mixed at OTR Global
OTR Global view on crystalline PV producers in the solar integrator market was downgraded to Negative from Mixed following checks that indicate global crystalline PV prices fell in Q1 and inventories increased. Further 2017 Chinese installations are expected at 27-28GW, below 34.21 GW in 2016.
04/18/17
OPCO
04/18/17
NO CHANGE
Target $31
OPCO
Outperform
Oppenheimer remains a buyer of Canadian Solar
Oppenheimer analyst Colin Rusch believes Canadian Solar is executing well utilizing a balanced approach and appears to be taking a defensive posture on market share and its cost/pricing position to survive. The analyst has been encouraged by recent project sale announcements and continues to believe shares are undervalued given the company's attractive project portfolio. Rusch would remain a buyer at current levels, noting that he sees the possibility for the company to enjoy significant deleveraging as it liquidates project assets. He reiterates an Outperform rating and $31 price target on the shares.
04/17/17
AXIO
04/17/17
INITIATION
Target $18
AXIO
Buy
Canadian Solar rises after Axiom starts with a Buy
Shares of Canadian Solar (CSIQ) are higher in early trading after Axiom analyst Gordon Johnson initiated the stock with a Buy rating and an $18 price target, as previously reported by The Fly. Johnson sees Canadian Solar as having a unique level of "sellable, in-the-money," U.S., Chinese, and Japanese solar assets, leaving it positioned similarly to how First Solar (FSLR) and SunPower (SPWR) were in mid 2012 when those two had the same type of unique positioning relative to solar industry peers. From late June 2012 to the end of 2015, shares of First Solar and SunPower advanced 526% and 338%, respectively, far outpacing the gains of their industry peers, said Johnson, who now sees a similar set-up for Canadian Solar. In early trading, Canadian Solar shares have risen 63c, or about 5%, to $13.35.
04/17/17
04/17/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. ProPetro Holding (PUMP) initiated with a Buy at Tudor Pickering. 2. Canadian Solar (CSIQ) initiated with a Buy at Axiom. 3. Bright Horizons (BFAM) assumed with an Outperform at Credit Suisse. 4. Sientra (SIEN) initiated with a Buy at Lake Street. 5. Himax (HIMX) initiated with an Outperform at Macquarie. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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STO

Statoil

$18.41

0.31 (1.71%)

03:55
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REPYY

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TOT

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$50.49

0.61 (1.22%)

03:55
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CSIQ

Canadian Solar

$16.63

0.23 (1.40%)

03:55
08/21/17
08/21
03:55
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03:55
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AAP

Advance Auto Parts

$93.26

0.41 (0.44%)

03:43
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HOME

At Home Group

$22.53

-0.22 (-0.97%)

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Initiation
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GWW

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NKE

Nike

$54.95

-2.51 (-4.37%)

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  • 03

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WUBA

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$53.26

-0.23 (-0.43%)

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$53.26

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SRE

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$116.55

0.76 (0.66%)

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GME

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