Canadian Solar Inc. CSIQ was a big mover last session, as the company saw its shares more than 7% on the day. Shares moved up after the company announced the sale of Illumination solar power plant to an affiliate of DIF Infrastructure III for about $48.4 million. This led to solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock is now up 35% in the past one-month time frame.
None of the estimates for this solar stock were revised over the past 30 days. However, the Zacks Consensus Estimate moved up over the same time frame, 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 yesterday’s jump can turn into more strength down the road.
Canadian Solar has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.
Investors interested in the space may also consider JA Solar Holdings Co., Ltd. JASO, sporting a Zacks Rank #1 (Strong Buy).
Is CSIQ going up? Or down? Predict to see what others think: Up or Down
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