Canadian Solar's Second Quarter Disappointed on Every Level
The second quarter of 2017 will likely prove to have been a high point for Chinese solar manufacturers, which made it a key for Canadian Solar (NASDAQ: CSIQ). In results released Monday before the market opened, the Chinese-Canadian company reported an increase in shipments and revenue, but also reported a non-GAAP loss that was a little surprising given strong industry trends.
If Canadian Solar can't make money when solar module prices are rising and project values are high, when will it be able to make money? That is ultimately the question investors are faced with when they consider this solar giant.
Image source: Getty Images.
Source: Fool.com
Canadian Solar Inc. Stock
€16.38
-0.180%
Our community is currently high on Canadian Solar Inc. with 10 Buy predictions and 4 Sell predictions.
Based on the current price of 16.38 € the target price of 44 € shows a potential of 168.7% for Canadian Solar Inc. which would more than double the current price.
