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Canadian Solar (CSIQ) Looks Good: Stock Adds 7.2% in Session

Zacks Equity Research
·2-min read

Canadian Solar Inc. CSIQ was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $22.14 to $24.88 in the past one-month time frame.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Canadian Solar. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Canadian Solar currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Canadian Solar Inc. Price

Canadian Solar Inc. Price
Canadian Solar Inc. Price

Canadian Solar Inc. price | Canadian Solar Inc. Quote

Another stock worth considering in the Oils-Energy sector is CNOOC Limited CEO which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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CNOOC Limited (CEO) : Free Stock Analysis Report
 
Canadian Solar Inc. (CSIQ) : Free Stock Analysis Report
 
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Zacks Investment Research