Susquehanna Fundamental Investments LLC Invests $1.77 Million in Canadian Solar Inc. (NASDAQ:CSIQ)

Susquehanna Fundamental Investments LLC bought a new position in shares of Canadian Solar Inc. (NASDAQ:CSIQ — Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 159,056 shares of the solar energy provider’s stock, valued at approximately $1,769,000. Susquehanna Fundamental Investments LLC owned approximately 0.24% of Canadian Solar at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. USCF Advisers LLC raised its stake in shares of Canadian Solar by 66.7% during the fourth quarter. USCF Advisers LLC now owns 2,500 shares of the solar energy provider’s stock worth $28,000 after buying an additional 1,000 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Canadian Solar by 184.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,166 shares of the solar energy provider’s stock worth $57,000 after buying an additional 3,347 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Canadian Solar by 6.7% during the fourth quarter. NewEdge Advisors LLC now owns 75,481 shares of the solar energy provider’s stock worth $839,000 after buying an additional 4,717 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Canadian Solar by 28.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 38,193 shares of the solar energy provider’s stock worth $466,000 after buying an additional 8,505 shares during the last quarter. Finally, Mariner LLC increased its stake in Canadian Solar by 100.0% in the fourth quarter. Mariner LLC now owns 20,000 shares of the solar energy provider’s stock valued at $222,000 after purchasing an additional 10,000 shares in the last quarter. 52.36% of the stock is currently owned by institutional investors and hedge funds.

Canadian Solar Trading Down 6.5 %

NASDAQ:CSIQ opened at $9.02 on Thursday. The company has a market cap of $596.75 million, a PE ratio of -75.17, a price-to-earnings-growth ratio of 0.74 and a beta of 1.33. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. The company has a 50 day simple moving average of $9.10 and a two-hundred day simple moving average of $10.92. Canadian Solar Inc. has a 12 month low of $6.57 and a 12 month high of $21.05.

Canadian Solar (NASDAQ:CSIQ — Get Free Report) last announced its earnings results on Tuesday, March 25th. The solar energy provider reported ($1.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($1.26). Canadian Solar had a net margin of 0.01% and a return on equity of 0.02%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. Canadian Solar’s quarterly revenue was down 1.8% on a year-over-year basis. Research analysts forecast that Canadian Solar Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on CSIQ shares. StockNews.com downgraded shares of Canadian Solar from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. The Goldman Sachs Group reduced their target price on shares of Canadian Solar from $11.00 to $9.00 and set a “sell” rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company reduced their target price on shares of Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Roth Capital cut shares of Canadian Solar from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a report on Friday, April 25th. Finally, Citigroup upgraded shares of Canadian Solar from a “sell” rating to a “neutral” rating and set a $8.00 target price for the company in a report on Thursday, April 17th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.77.

View Our Latest Analysis on Canadian Solar

About Canadian Solar

(Free Report)

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.

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