Y Finance had it wrong. The earnings was just posted by csiq for June 6th, not today 8am as stated in the yahoo calender.
Tomorrow is almost here. I got a good feeling, but feelings don't count in the wall street game.
The eNow thing is a bad investment (in my opinion). Too much hassle and cost for too little reward. It would require large scale adaptation needing the coordination of too many players, trucking companies to play along, for any meaningful ROI that is unlikely to take off. (The cleaning hassle alone is still a hassle). Photovoltaics on vehicles is just not worth it.
CSIQ moving Q1 to June 6 is extremely late in season (as a matter of fact I can't remember when a company reported their Q1 in June). Means two things: a) Their report is likely not good. The later they report the worse the effect will be (statistically speaking, if the report was to be good the stock will now not go as high and if it is bad it will dip much lower than if they reported early) http://www.cnbc.com/2016/04/27/the-later-your-earnings-the-worse-your-stock-does.html b) Because of likely unstellar report, they are probably waiting for all other companies to go first and possibly wait for some event, some deal they are working on that will raise the company and drown-out the bad Q1.
An interesting strategy. Now let's see how it actually plays out.
Apple's bad earnings would have been worse if they had waited
Research shows companies reporting late in the season see their stock fall further and faster than those reporting early.
Daqo posted hyuuuuge Q1 earnings. Does this portend something big for Canadian Solar?
WOW, what is up with this?
Canadian Solar had a portfolio of solar power plants in operation totaling 1,195.5 MWp as of February 28, 2017. The resale value of these plants is estimated at approximately $1.6 billion. The Company is actively Monetizing these assets.
Sorry for those who bought at 14 yesterday, now 13.
They released a PR today announcing the sale of two projects in China but confirming there would be no project revenue recognized in Q1. This PR is key as it signals that Q1 revenue will essentially be purely modules, and they are guiding 30% less module shipments than in Q4. It also means they will likely fall significantly short of their revenue guidance which included a sizable chunk of project business. Lastly it means that losses will probably be far worse than expected since there will be no sizable profit contribution from the projects business. I expect roughly $0.5 - $1.0 per share of losses in Q1, substantially lower than current consensus of -$0.07/share. Please be careful.
As i see, The Motley Fool working over time to bash $CSIQ every chance they get, Every budy ignore them!!!
Has anybody noticed that analyst estimates are eroding at lightning speed? Consensus for Q1 is now a slight loss. That would be the second quarter in a row of losses. Wouldn't it be better to dump the stock for a while until the company becomes profitable again?
Ask Rubber if he works for Citadel? Curious minds want to know....
I see Zack's has a " sell " on CSIQ. Must be like the " sell " on BB. ( Blackberry) a while back. Now it's a buy! LMAO
[2016-MAY] Canadian Solar Inc. NASDAQ : CSIQ Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.7 In other words, the correlation coefficient of the other stock
I think CSIQ is due for a pullback. What are your thoughts? Not sure how aw-esomeSTOCKS finds all these incredible trade ideas but im happy.
Here is everything we need to know about Travis and his articles.
Travis Hoium owns shares of First Solar, Total, NextEra Energy, and SunPower. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
It would really be funny if Rubber added "band" to his name. Rubber band. Funnier still, add "used" to his name, making it "used rubber". Used Rubber would be hilarious. Now that's funny.
OVERSOLD; a pop over $12 is imminent. There are six red daily candles in a row on the chart. The last time that happened CSIQ rallied strongly.
I can't believe this $$$$ is more than $5 lagging behind JKS, totally manipulated....xxxx you
A number of years ago I road this thing from $2. to $45. and the balance sheet was not even close to being as pristine as it is now. They have been transparent about the pressure on margins. They are transitioning to higher efficiency panels and this will probably take some time. They have become a much bigger player in the Solar industry and I believe they will navigate through this rough patch. They trade below book right now and I believe if you are a patient investor that you will be rewarded as I was a number of years ago. Solar is getting more competitive but it's not going away.