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Canadian Solar Inc. Message Board

  • nanofrogfish_spf nanofrogfish_spf Jan 17, 2013 6:38 PM Flag

    Nomura Securities Upgrades CSIQ - PT $6.90.

    I still think this is low...maybe it's just a short-term target, and they want to take it one step at a time. It's interesting that Japanese-based Nomura upgraded TSL and JASO also. They probably have good visibility into that exploding and high margin market, and export shipment data seems to support that.

    CSIQ is trading in a very nice tight upwards channel since mid Nov. With this upgrade for support, CSIQ should see new 52-week highs tomorrow or early next week. And on a longer term chart looks like it could run for a couple more months without much resistance to the $8 to $10 area...and at that time, the EPS will be supporting it...and more in the years to come...IMHO of course.

    Very Nice!

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CSIQ
40.29+2.76(+7.35%)Sep 17 4:00 PMEDT

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