Roth MKM Sticks to Their Hold Rating for Canadian Solar (CSIQ)
In a report released yesterday, Philip Shen from Roth MKM maintained a Hold rating on Canadian Solar, with a price target of $30.00.
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Shen covers the Technology sector, focusing on stocks such as First Solar, NEXTracker, Inc. Class A, and Canadian Solar. According to TipRanks, Shen has an average return of 6.9% and a 41.32% success rate on recommended stocks.
In addition to Roth MKM, Canadian Solar also received a Hold from TR | OpenAI – 4o’s Sunny Radiessa in a report issued on November 15. However, on November 14, GLJ Research maintained a Sell rating on Canadian Solar (NASDAQ: CSIQ).
Based on Canadian Solar’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.69 billion and a net profit of $7.2 million. In comparison, last year the company earned a revenue of $1.64 billion and had a net profit of $3.82 million
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