Canadian Solar (CSIQ) Stock Skyrockets: Analyst Upgrade & Battery Boom Ignite Rally
Stock Rally and Analyst Buzz Canadian Solar’s stock has surged sharply this week. On Oct 14 its share price hit a 52-week high of around $16.00 before closing at $15.72 marketbeat.com. This spike was driven by two main headlines: Goldman Sachs unexpectedly raised its CSIQ price target on Oct 9 (boosting investor confidence, even as Goldman still left a “sell” rating marketbeat.com), and news out of China about planned cuts to solar panel capacity (seen as reducing supply gluts). Indeed, Reuters reports that Chinese regulators may soon clamp down on excess PV manufacturing, which sent Chinese solar stocks soaring on