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Fly News Breaks for August 16, 2019
Aug 16, 2019 | 08:13 EDT
Roth Capital analyst Philip Shen reiterated a Buy rating on Canadian Solar and raised his price target to $32 from $27 following the company's "strong" Q2 results. In a research note to investors, Shen says the company is delivering on its outlook for stronger margins and steadily monetizing its global portfolio of operating and late stage assets and sees an upside revision cycle ahead for 2020 estimates. With the backdrop of strong China demand in Q4, Shen expects the stock to move higher.
News For CSIQ From the Last 2 Days
Sep 19, 2019 | 14:28 EDT
According to Bloomberg's Mark Chediak and Brian Eckhouse, wind and solar power, "once derided as boondoggles," is considerably less dependant on government subsidies globally. Recently, a JMP Securities analyst, according to the story, said, "The training wheels are of., "Prices have declined enough for both solar and wind that there's a path toward continued deployment in a post-subsidy world." According to the story is that pasty subsidies have worked and now " wind and solar have been deployed widely enough for manufacturers and developers to become increasingly efficient and drive down costs." Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNEQ), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link