Company Update (NASDAQ:CSIQ): Canadian Solar to Attend Nomura Environmental Corporate Day in Hong Kong

Canadian Solar Inc. (NASDAQ:CSIQ), one of the world’s largest solar power companies, today announced that it is scheduled to attend Nomura Environmental Corporate Day on Thursday, January 8, 2015 and Friday, January 9, 2015 at Nomura’s offices at Two International Finance Center in Hong Kong. During the conference, Michael G. Potter, Senior Vice President and Chief Financial Officer and Ed Job, Director of Investor Relations will be available to meet with institutional investors. About Canadian Solar Founded in 2001 in Ontario, Canada, Canadian Solar is one of the world’s largest and foremost solar power companies. As a leading manufac… Read more

Shares of Canadian Solar closed last Friday at $24.69 . CSIQ hasĀ a 1-year high of $44.50 and a 1-year low of $20.64. The stock’s 50-day moving average is $24.19 and it’s 200-day moving average is $29.74.

On the ratings front, Canadian Solar has been the subject of a number of recent research reports. In a report published on December 12, analyst Philip Shen from Roth Capital maintained a Buy rating on CSIQ, with a price target of $40, which represents a potential upside of 62.0% from where the stock is currently trading. Separately, on December 1, FBR`s Aditya Satghare reiterated a Buy rating on Canadian Solar shares.

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 24.69$ which is 67.4% 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.

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