FBR analyst Carter Driscoll weighed in with a few insights on Canadian Solar Inc. (NASDAQ:CSIQ), after the company disclosed that a tornado damaged its Chinese solar cell manufacturing plant located in Funning County of the Jiangsu Province. The analyst rates CSIQ an Outperform with a price target of $32, which implies an upside of 132% from current levels.

Driscoll wrote, “Prior to this incident, management discussed that it was on track to expand cell capacity from 2.7 GW in 1H16 to 3.9 GW by YE16 (versus 6.43 GW of modules and 1.0 GW of wafers), 500 MW of which would come from the Jiangsu plant which was targeted for July 2016 completion. At a minimum we expect that expansion to be disrupted for a while. The new, state-of-the-art cell capacity was going to help raise the module power output and lower costs. In addition, although it is difficult to quantify the potential impact of more third-party component sourcing, there may be a small negative margin impact in 3Q16 similar to what CSIQ experienced in 1Q16 from rising component prices. We expect management to provide a further update when the full extent of the damage is known.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Carter Driscoll has a yearly average return of -20.4% and a 20% success rate. Driscoll has a -26% average return when recommending CSIQ, and is ranked #3851 out of 3980 analysts.

As of this writing, all the 6 analysts polled by TipRanks (in the past 3 months) rate Canadian Solar stock a Buy. With a return potential of 108%, the stock’s consensus target price stands at $28.83.