Canadian Solar (CSIQ) NewsBite - Analyst's Comments Pull Down CSIQ
Fri. October 10, 2008; Posted: 10:15 AM
Oct 10, 2008 (Fresh Brewed Media via COMTEX) --
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PowerRating -- Canadian Solar (NGM:
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PowerRating) opened at $10.13. So far today, the stock has hit a low of $9.61 and a high of $10.96. CSIQ is now trading at $10.94, down $0.51 (-4.45%). Over the last 52 weeks the stock has ranged from a low of $8.67 to a high of $51.80. CSIQ shares are trading lower this morning after a Lazard Capital Markets analyst said supply of solar cells could exceed demand in 2009. This could be a bad sign for CSIQ. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for CSIQ. If you are looking for a hedged play on CSIQ the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 15 range.
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For full details on Canadian Solar Inc (CSIQ)
click here. Canadian Solar Inc (CSIQ) has Short Term PowerRatings of 5. Details on Canadian Solar Inc (CSIQ) Short Term PowerRatings is available at
This Link.
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