Media coverage about Canadian Solar (NASDAQ:CSIQ) has trended somewhat negative on Tuesday, AlphaOne reports. AlphaOne, a service of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canadian Solar earned a coverage optimism score of -0.12 on AlphaOne’s scale. AlphaOne also assigned headlines about the solar energy provider an impact score of 92 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Alpha One Sentiment’s scoring:
Canadian Solar (CSIQ) opened at 12.69 on Tuesday. Canadian Solar has a 12-month low of $10.25 and a 12-month high of $18.48. The stock has a market capitalization of $733.89 million, a PE ratio of 11.33 and a beta of 2.78. The stock’s 50 day moving average price is $13.26 and its 200-day moving average price is $12.81. Canadian Solar (NASDAQ:CSIQ) last announced its quarterly earnings results on Tuesday, March 21st. The solar energy provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $668.40 million for the quarter, compared to the consensus estimate of $698.57 million. Canadian Solar had a return on equity of 15.60% and a net margin of 4.26%. The firm’s revenue for the quarter was down 40.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 EPS. Analysts expect that Canadian Solar will post $1.64 earnings per share for the current year.
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