Canadian Solar (CSIQ) Stock Skyrockets: Analyst Upgrade & Battery Boom Ignite Rally
Canadian Solar shares jumped 10.8% to $15.72 on Oct 14, breaking above their 200-day average after Goldman Sachs raised its price target and reports surfaced of possible Chinese curbs on solar panel overcapacity. The company posted a Q2 loss of $0.53 per share on $1.69 billion revenue, missing estimates. Canadian Solar launched new HiKu7 TOPCon panels and announced large battery storage projects in Ontario. Analyst consensus remains “Hold.”