Tudor Investment Corp ET AL Buys Shares of 384,038 Canadian Solar Inc. $CSIQ

Tudor Investment Corp ET AL purchased a new stake in Canadian Solar Inc. (NASDAQ:CSIQ) during the third quarter, according to its most recent filing with the SEC. The firm purchased 384,038 shares of the solar energy provider’s stock, valued at approximately $5,008,000. Tudor Investment Corp ET AL owned 0.57% of Canadian Solar at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CSIQ. Raymond James Financial Inc. acquired a new stake in shares of Canadian Solar in the 2nd quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd raised its position in shares of Canadian Solar by 335.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,198 shares of the solar energy provider’s stock valued at $42,000 after acquiring an additional 2,463 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Canadian Solar by 7.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,796 shares of the solar energy provider’s stock valued at $63,000 after acquiring an additional 312 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Canadian Solar in the 3rd quarter valued at approximately $73,000. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Canadian Solar by 38.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 8,094 shares of the solar energy provider’s stock valued at $89,000 after acquiring an additional 2,254 shares during the period. 52.36% of the stock is currently owned by institutional investors and hedge funds.

Canadian Solar Price Performance

NASDAQ CSIQ opened at $12.53 on Thursday. The business has a 50 day simple moving average of $17.31 and a 200 day simple moving average of $19.86. Canadian Solar Inc. has a 52-week low of $6.57 and a 52-week high of $34.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.83 and a current ratio of 1.02. The stock has a market cap of $839.13 million, a price-to-earnings ratio of -5.01 and a beta of 1.37.

Canadian Solar (NASDAQ:CSIQ) last posted its earnings results on Saturday, February 14th. The solar energy provider reported ($1.66) earnings per share (EPS) for the quarter. Canadian Solar had a negative return on equity of 4.95% and a negative net margin of 1.86%.The business had revenue of $1.22 billion for the quarter. Analysts anticipate that Canadian Solar Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Freedom Capital upgraded shares of Canadian Solar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Oppenheimer cut their price target on shares of Canadian Solar from $38.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Wall Street Zen downgraded shares of Canadian Solar from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Canadian Solar in a research report on Friday, March 27th. Finally, Roth Mkm cut their price target on shares of Canadian Solar from $30.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.36.

Canadian Solar Company Profile

Canadian Solar Inc (NASDAQ: CSIQ) is a global renewable energy company that specializes in the design, development and manufacturing of solar photovoltaic (PV) modules and system solutions. Founded in 2001 and headquartered in Guelph, Ontario, the company has grown to become one of the world’s largest solar module suppliers. Canadian Solar offers a comprehensive portfolio of products, including mono- and multi-crystalline solar cells and modules, as well as advanced energy storage and system integration solutions tailored for residential, commercial and utility-scale applications.

In addition to manufacturing solar components, Canadian Solar provides end-to-end services encompassing project development, engineering, procurement and construction (EPC), as well as operations and maintenance.