Home / Tech & Systems / Chipmaker in Active Broker’s Choice: Canadian Solar Inc. (NASDAQ:CSIQ), SolarCity Corporation (NASDAQ:SCTY)

Chipmaker in Active Broker’s Choice: Canadian Solar Inc. (NASDAQ:CSIQ), SolarCity Corporation (NASDAQ:SCTY)

Canadian Solar Inc. (NASDAQ:CSIQ) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.54% to close at $12.56 with the total traded volume of 1.25 Million shares. Canadian Solar Inc. (CSIQ) released that it has inked a financing contract, pursuant to which, Export Development Canada has agreed to provide guarantees or letters of credit of up to US$100 million to Canadian Solar to support its global activities of project development. Royal Bank of Canada and Toronto Branch of China Construction Bank Corporation will serve as fronting banks on the facility.

Chairman and Chief Executive Officer of Canadian Solar, Dr. Shawn Qu stated that they are very happy to work with EDC to execute on their global solar power business strategy. With EDC’s backing, they are able to improve their financial flexibility on their capital allocation to new solar projects.

The CSIQ held a rough session during the week but was ready to get some critical analysis. The stock was assessed by a pool of analysts at WSJ and came out with some serious outcomes not to be avoided before making investment. The CSIQ ratings chart showed that 4 gave HOLD ratings for the current month as 1 analyst opting for Overweight option for same period. For stocks’ current month, 5 analysts opted for BUY ratings as compared to 1 opting for SELL in the same period. The stock price target chart showed average price target of 19.41 as compared to current price of 12.56.

Taking look on per share earnings estimates, its next year first quarter current estimate trend for EPS was for $0.38 and on annual basis FY 2016 estimate trends at current was for $1.67 as compared to one month ago of $1.70, and for next year per share earnings estimates have $2.01. The firm has institutional ownership of 43.50%, while insider ownership included 31.00%. Its price to sales ratio ended at 0.21. CSIQ attains analyst recommendation of 2.20 with week performance of 3.46%.

SolarCity Corporation (NASDAQ:SCTY) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 2.07% to $18.71. Lets us look over what analysts have to say about performance of the SCTY. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $-2.31 as compared to the next year Q1 current trend of $-2.46. While on annual basis the current EPS estimates trend for FY 2017 came in for $-9.20 as compared to three months ago $-9.19.

The stock prices target chart showed high target of 25.50 kept by analysts at WSJ while the average price target was for 22.95 as compared to current price of 18.71. Somehow, the stock managed to gain BUY ratings by no one analyst in current tenure, 14 recommend as HOLD, and 1 gave it as a SELL security for current period. Overall, the consensus ratings were for Hold by the pool of analysts.

The share price of SCTY attracts active investors, as stock price of week volatility recorded 6.18%. The stock is going forward to its 52-week low with 15.49% and lagging behind from its 52-week high price with -68.22%.


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