Canadian Solar Inc. (CSIQ) Jumps: Stock Rises 7.9% – Tale of the Tape

January 8, 2014 Technicals 0

Zacks

Canadian Solar Inc. (CSIQ) was a big mover last session, as the company saw its shares rise by almost 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock has now gained over 43% in the past one month time frame.

This solar company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Canadian Solar currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the solar industry include JinkoSolar Holding Co., Ltd. (JKS), SunPower Corporation (SPWR) and First Solar, Inc. (FSLR). While JinkoSolar Holding and SunPower Corporation hold a Zacks Rank #1 (Strong Buy), First Solar carries a Zacks Rank #2 (Buy).

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