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Canadian Solar Inc. Common Shares (on) | CSIQ

Daily Technical Analysis of Canadian Solar Inc. Common Shares (on)

Canadian Solar Common Shares (on) had a nice pop today and is currently up 7.90% -- which is pretty good. Investors have a more positive outlook for the company and future revenue.

The Semiconductors company isn't at an immediate support or resistance level that might be predictive. Canadian Solar Common Shares (on) hasn't shown a lot of strength recently, shareholders don't seem that energized about the Semiconductors company's future prospects. CSIQ might find some support at the 43.67 level, buyers might push the price back up from here. But it's not very clear what will happen.


Last analyzed on 2024-03-17

Analyst Ratings for Canadian Solar Common Shares (on) By Price Target And Rating

Overall, the analysts have a more negative view on Canadian Solar Common Shares (ON) but it's not a very strong negative. The current Analysts Sentiment Score is -33.56. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Daiwa Capital Markets initiated a rating of Neutral on 2024-03-11 and provided a price target of $21.00. On 2024-01-24 The Goldman Sachs Group increased their price target by 12% to $28.00. On 2023-11-17 UBS Group lowered their price target by -23.4% to $36.00. JPMorgan Chase & Co. released a downgrade on 2023-11-15 from Neutral to Underweight and dropped their 1 year price target to $22.00 which is down from $32.00. Roth Capital decided to move down their price target on 2023-11-15 to $35.00 which is a -30% decrease. Oppenheimer announced a lowering of their price target to $51.00 from $68.00 on 2023-11-15. On 2023-10-18 Citigroup lowered their price target by -13.33% to $26.00. Roth Mkm dropped their price target by -28.57% to $50.00 on 2023-08-23.

Company Ratings Score ?
Composite analyst sentiment score
Positive Ratings Negative Ratings Boost Price Target Lower Price Target
CSIQ-33.560-22.6414.88-59.36

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-04)
Company YOY Growth Score (typical -20 to +20) Revision Directions (-6 to +6)
CSIQ0.000.00

Short interest for Canadian Solar Common Shares (ON)

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company Short Score (typical 1-15) ?
We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
Short Interest Days to Cover Rate of Change Shares Short
CSIQ7.44%9.64.39.244870000

How Canadian Solar Common Shares (ON) compares to the broader Technology sector and the more specific Semiconductors industry

Segment Count 1 Day% 5 Day 1 Month 3 Month 6 Month 1 Year RSI 3mo S-momo ? 6mo S-momo 1yr S-momo Resistance ? Support Demark Sell ? Demark Buy Short Interest Analysts Ratings ?
Semiconductors

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
613.360.611.823.4117.0830.8836.3426.0013.1519.40-14722.57-9321.264.103.695.1659.61
Technology

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
3101.880.191.684.7118.3528.0843.5840.1921.2624.19-15332.29-14179.916.378.314.7543.70

Social Sentiment for Canadian Solar Common Shares (ON)

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker Social Sentiment(1-10)
CSIQ

Companies with the highest correlation to Canadian Solar Common Shares (ON)

Company Score 1 Day% 5 Day 1 Month 3 Month 6 Month 1 Year RSI 3mo S-momo ? 6mo S-momo 1yr S-momo Resistance ? Support Demark Sell ? Demark Buy Short Interest Score
JKS | JINKOSOLAR HOLDINGS CO1.669.914.56-8.51-29.27-11.96-49.1338-37.59-32.61-68.06-61980.27-458.00002.74081
NOVA | Sunnova Energy Internatio1.657.375.11-17.99-60.88-43.57-52.9613-60.96-36.80-50.06-55233.390.00012519.0569
SPWR | SunPower Corporation Comm1.515.26-4.01-7.72-41.19-53.33-76.4830-94.63-124.54-125.20-89149.020.00012516.6902
RUN | Sunrun Inc1.4216.1311.398.80-32.685.56-25.3114-17.99-14.46-17.61-34769.12-418.520017.4586
DQ | Daqo New Energy Corp. Ame1.371.40-0.3725.526.08-12.05-45.5966-5.97-23.68-56.41-693.93-3648.3010002.21089
MAXN | Maxeon Solar Technologies1.3414.34-0.91-18.45-51.91-73.24-86.8820-162.11-66.88-53.92-150389.090.00008.79621
PLUG | Plug Power Inc.1.36.52-4.46-2.83-25.27-55.63-67.0228-63.70-55.71-72.72-91323.20-777.330017.5707
BLDP | Ballard Power Systems Inc1.284.51-2.46-11.46-23.84-21.91-46.2317-65.97-52.96-64.38-67405.780.000011.9722

Top 3 correlating companies

See full charts for all peers

Sentiment Score

How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.

Earnings Estimates
Analyst Rating
Price Targets
Short Interest
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Institutional Ownership
Social Sentiment
Fidelity Summary
Overall Summary Notes
Calculated Sentiment Sum

Score Sum
(1-45)

/

Average
(1-5)

+

Pattern Rank
(1-5)

=

Total Score
(1-10)

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