Followers | 7 |
Posts | 604 |
Boards Moderated | 0 |
Alias Born | 03/08/2017 |
Monday, April 17, 2017 3:17:04 PM
Canadian Solar (CSIQ +5%) is initiated with a Buy rating and $18 price target at Axiom Capital, where solar bear Gordon Johnson compares the company to SunPower and First Solar in 2012.
Solar stocks suffered heavy hits five years ago but SPWR and FSLR realized relatively strong earnings because those companies had significantly profitable projects in their backlog, and over the next three years their shares prices surged a respective 526% and 338%; "fast forward to today, we believe Canadian Solar is in a very similar position,” Johnson tells Benzinga.
The analyst notes CSIQ’s contracts in Japan, which maintain feed-in tariffs of $0.26-$0.36 per kilowatt-hour, more than 5x the FITs offered in the U.S.
Johnson says if any or all of CSIQ's market opportunities in India, China, Brazil, the U.K. and Australia come to fruition, shares could rise to as high as $30-$40.
Recent CSIQ News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/22/2024 12:25:18 PM
- Canadian Solar Reports Second Quarter 2024 Results • PR Newswire (US) • 08/22/2024 10:00:00 AM
- U.S. Index Futures Rise Slightly as Market Eyes Fed, Earnings; Oil Prices Dip • IH Market News • 08/22/2024 09:38:54 AM
- U.S. Futures Steady Ahead of Fed Minutes, Oil Prices Stabilize • IH Market News • 08/21/2024 12:15:28 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/19/2024 11:15:42 AM
- Canadian Solar Inc. Announces US$200 Million Private Placement of Secured Convertible Notes with PAG • PR Newswire (US) • 08/19/2024 11:00:00 AM
- Canadian Solar's e-STORAGE to Power 200 MWh Energy Storage Project in Southeastern Australia • PR Newswire (US) • 08/07/2024 11:00:00 AM
- Recurrent Energy to Bolster its Italian Clean Energy Portfolio with €50 Million Euro Facility from the European Investment Bank • PR Newswire (US) • 07/24/2024 12:16:00 PM
- Canadian Solar Schedules Second Quarter 2024 Earnings Conference Call for August 22 • PR Newswire (US) • 07/23/2024 11:00:00 AM
- Canadian Solar's e-STORAGE to Deliver Battery Energy Storage Solutions to Root-Power's Coryton Project in the UK • PR Newswire (US) • 07/18/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/17/2024 08:01:02 PM
- Recurrent Energy Signs PPA with GKN Automotive for 115 MWp Rey I Project in Spain • PR Newswire (US) • 07/10/2024 11:00:00 AM
- Canadian Solar's e-STORAGE to Deliver 498 MWh DC of Battery Storage Solutions for Aypa Power's Bypass Project in Texas • PR Newswire (US) • 07/09/2024 11:00:00 AM
- Canadian Solar's e-STORAGE to Deliver Nova Scotia's First Grid-Scale Battery Energy Storage Facilities • PR Newswire (US) • 07/08/2024 11:00:00 AM
- Recurrent Energy Closes $103 Million Tax Credit Transfer Agreement with Bank of America for North Fork Solar Project • PR Newswire (US) • 06/27/2024 11:00:00 AM
- Canadian Solar Inc. Announces Results of 2024 Annual Meeting of Shareholders • PR Newswire (US) • 06/21/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/20/2024 11:26:23 AM
- Canadian Solar Partners with Lifestyle Solar to Deliver Residential Solar and Energy Storage Solutions to California Homebuilders • PR Newswire (US) • 06/20/2024 11:00:00 AM
- Recurrent Energy Closes $513 Million in Financing for 1,200 MWh Energy Storage Project in Arizona • PR Newswire (US) • 06/20/2024 11:00:00 AM
- Canadian Solar to Present New EP Cube, Showcasing Advanced Safety, at Intersolar in Munich • PR Newswire (US) • 06/18/2024 11:00:00 AM
- Canadian Solar Announces Operation of First FIP Projects in Japan and PPA Signing with Toyota Tsusho • PR Newswire (US) • 06/17/2024 11:00:00 AM
- D.R. Horton Offers Canadian Solar PV Panels and Residential Batteries to Power California Communities • PR Newswire (US) • 06/13/2024 11:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/12/2024 10:09:01 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/11/2024 10:29:38 AM
- Recurrent Energy and SPIC Inaugurate 446 MWp Solar Complex in Brazil • PR Newswire (US) • 06/10/2024 11:00:00 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM