Canadian Solar Inc. (NASDAQ:CSIQ), one of the world’s largest solar power companies, announced that the company will participate in the 2015 Solar Power International (SPI) exhibition to be held September 14-17, 2015 at the Anaheim Convention Center in Anaheim, California.
During this annual exhibition, Canadian Solar will introduce several new products, including:
- The Canadian Solar Smart DC module (CS6P-260|265P-SD): An integrated Canadian Solar PV module featuring the SolarEdge OPJ-300-LV DC power optimizer
- The Canadian Solar 36 kW string inverter, which is the latest addition to the company’s 1000V UL, three-phase CSI-KTL-CT inverter family
- The Canadian Solar 72-cell, 1500V Diamond CS6X-P-FG PV module
“Leading the DC optimizer market, SolarEdge believes that by embedding SolarEdge’s power optimizers directly into the modules during the manufacturing process, this will help accelerate the pace of PV adoption around the world,” stated Lior Handelsman, VP of Marketing and Product Strategy of SolarEdge Technologies. “We are pleased that an important player, such as Canadian Solar, has joined us on this mission to provide optimized PV solutions designed to lower the cost of solar energy.”
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, “As Solar Power International is the industry’s largest solar tradeshow, we welcome solar aficionados and industry experts alike to visit Canadian Solar in Booth #3705. With our new product offerings and complete systems wall, we expect this year’s SPI show to be a successful and valuable conference and exhibition.” (Original Source)
Shares of Canadian Solar closed last Friday at $18.96. CSIQ has a 1-year high of $40.82 and a 1-year low of $14.16. The stock’s 50-day moving average is $21.88 and its 200-day moving average is $30.00.
On the ratings front, Canadian Solar has been the subject of a number of recent research reports. In a report issued on August 21, Standpoint Research analyst Ronnie Moas upgraded CSIQ to Buy, with a price target of $26, which implies an upside of 37.1% from current levels. Separately, on August 19, Canaccord Genuity’s Jonathan Dorsheimer maintained a Buy rating on the stock and has a price target of $40.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ronnie Moas and Jonathan Dorsheimer have a total average return of 7.0% and -4.1% respectively. Moas has a success rate of 69.8% and is ranked #21 out of 3755 analysts, while Dorsheimer has a success rate of 37.3% and is ranked #3422.
Overall, 4 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $36.00 which is 89.9% above where the stock closed last Friday.
Canadian Solar Inc is a solar power company. The Company designs, develops and manufactures solar wafers, cells and solar power products.