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
- Canadian Solar Wins Green Project Bond of the Year Award by Environmental Finance • PR Newswire (US) • 04/29/2024 11:00:00 AM
- Canadian Solar Files Annual Report on Form 20-F for Year Ended December 31, 2023 • PR Newswire (US) • 04/26/2024 12:20:00 PM
- Canadian Solar Earns EcoVadis Silver Sustainability Rating • PR Newswire (US) • 04/17/2024 11:00:00 AM
- Canadian Solar Schedules First Quarter 2024 Earnings Conference Call for May 9 • PR Newswire (US) • 04/16/2024 11:00:00 AM
- Recurrent Energy Secures 343 Million Brazilian Reais Financing for 152 MW Solar Project in Brazil • PR Newswire (US) • 04/15/2024 11:00:00 AM
- Recurrent Energy Secures €110 Million Multi-Currency, Green Loan Facility from Investec Energy and Infrastructure Finance UK • PR Newswire (US) • 04/03/2024 11:00:00 AM
- Canadian Solar Comments on Complaint Filed by Maxeon Solar • PR Newswire (US) • 03/28/2024 11:00:00 AM
- Recurrent Energy Expands Solar Pipeline in Spain with the Acquisition of a Portfolio exceeding 420 MWp • PR Newswire (US) • 03/20/2024 11:00:00 AM
- U.S. Stock Futures Rise Ahead Of PPI and Retail Sales; Oil Prices Climb • IH Market News • 03/14/2024 11:41:01 AM
- Canadian Solar Reports Fourth Quarter and Full Year 2023 Results • PR Newswire (US) • 03/14/2024 10:00:00 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 03/04/2024 01:22:49 PM
- Canadian Solar Partners with Sol Systems to Ramp Up U.S. Module Manufacturing • PR Newswire (US) • 03/04/2024 12:00:00 PM
- Canadian Solar Celebrates Contribution to Historic 100% Renewable Energy-Powered Super Bowl LVIII in Las Vegas • PR Newswire (US) • 02/29/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/28/2024 11:16:28 AM
- Recurrent Energy Closes Project Financing for 119 MW Solar Project in Mexico • PR Newswire (US) • 02/27/2024 12:00:00 PM
- CANADIAN SOLAR WINS TOP BRAND PV AWARD IN THE UNITED STATES • PR Newswire (US) • 02/15/2024 12:00:00 PM
- Canadian Solar Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call for March 14 • PR Newswire (US) • 02/14/2024 12:00:00 PM
- Recurrent Energy Closes $160 Million in Project Financing, Secures Microsoft as Customer for 127 MW Solar Project in Louisiana • PR Newswire (US) • 02/06/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/23/2024 12:07:26 PM
- Recurrent Energy Announces $500 Million Capital Commitment from BlackRock to Grow Its Global Renewable Energy Platform • PR Newswire (US) • 01/23/2024 12:00:00 PM
- Canadian Solar's e-STORAGE to Deliver 220 MWh DC of Battery Storage Solutions to Epic Energy's Mannum Project in South Australia • PR Newswire (US) • 01/08/2024 12:05:00 PM
- Recurrent Energy Completes Sale of 100 MW/200 MWh Battery Energy Storage Project in South Australia to Epic Energy • PR Newswire (US) • 01/08/2024 12:00:00 PM
- Canadian Solar's e-STORAGE Launches SolBank 3.0 with Higher Density and Advanced Safety • PR Newswire (US) • 12/12/2023 12:00:00 PM
- Apple Boosts Vietnam Production, Broadcom Revenue Miss, Stellantis Job Cuts – Latest Updates • IH Market News • 12/08/2023 11:23:53 AM
- Canadian Solar's e-STORAGE to Deliver 1,170 MWh DC of Battery Storage Solutions to the Largest Battery Storage Project in the UK • PR Newswire (US) • 12/07/2023 12:00:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM