Stock Update (NASDAQ:CSIQ): Canadian Solar Makes Contribution to the University of Toronto for Scientific Research
Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ:CSIQ), one of the world’s largest solar power companies, today announced the contribution of $400,000 to the University of Toronto’s TalentEdge program to support scientific development, cutting-edge research, and hands-on learning. This donation underscores Canadian Solar’s dedication to social responsibility, renewable energy, and advanced research. Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, graduated from the University of Toronto with a PhD in Material Sciences in 1995. Since the company’s founding in 2001, Canadian Solar has grown to become North Am… Read more »
Shares of Canadian Solar closed yesterday at $22.16 . CSIQ has a 1-year high of $44.50 and a 1-year low of $20.64. The stock’s 50-day moving average is $23.12 and it’s 200-day moving average is $29.36.
On the ratings front, Canadian Solar has been the subject of a number of recent research reports. In a report published on January 5, analyst Philip Shen from Roth Capital maintained a Buy rating on CSIQ, with a price target of $40, which represents a potential upside of 80.5% from where the stock is currently trading. Separately, on December 1, FBR`s Aditya Satghare reiterated a Buy rating on Canadian Solar shares and has a price target of $45.
In total, 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 $22.16 which is 86.5% above where the stock closed yesterday.
Canadian Solar Inc is a solar power company. The Company designs, develops, and manufactures solar wafers, cells and solar power products.