In a report released yesterday, Gordon Johnson from GLJ Research maintained a Sell rating on Canadian Solar, with a price target of $5.58. The company’s shares closed yesterday at $14.19.
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Johnson covers the Technology sector, focusing on stocks such as Daqo New Energy, Enphase Energy, and Sunrun. According to TipRanks, Johnson has an average return of -7.1% and a 53.88% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Canadian Solar with a $12.63 average price target, implying a -10.99% downside from current levels. In a report released on October 8, Goldman Sachs also maintained a Sell rating on the stock with a $10.00 price target.
The company has a one-year high of $16.33 and a one-year low of $6.57. Currently, Canadian Solar has an average volume of 1.62M.
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