• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 16 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 5 days Energy Armageddon
  • 3 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 8 hours "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 14 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 11 hours "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 15 hours The Federal Reserve and Money...Aspects which are not widely known
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 5 days Сryptocurrency predictions
  • 2 days Goldman Betting on Cryptocurrencies
  • 10 days Putin and Xi Bet on the Global South
Another UK Solar Company Goes Bust

Another UK Solar Company Goes Bust

One of the UK’s largest…

U.S. Solar Capacity Has Grown 28,500% Since 2008

U.S. Solar Capacity Has Grown 28,500% Since 2008

U.S. solar power capacity has…

3 Things That Could Slow Down The Global Solar Boom

3 Things That Could Slow Down The Global Solar Boom

While the incentives and the…

Martin Tillier

Martin Tillier

More Info

Premium Content

A Unique Play In Solar

Usually, when a stock has jumped around fifty percent in five months and twenty percent in just the last week or so, I am looking to sell. The market tends to overdo moves like that and it is reasonable to assume at that point that you have missed most of the move up, so playing the retracement is the only logical thing to do. That is what I intended when I started to look at Canadian Solar (CSIQ) this week, but when I started to research the stock, I realized that far from being a sell it was a solid buy, even after such a big recent gain.

(Click to enlarge)

The point here is that CSIQ’s move up is not just a move based on trader sentiment or market technicals, it is a readjustment to new information. That came when the company reported Q3 earnings of $1.09 per share, more than double Wall Street’s consensus estimate of $0.48. That is reason enough for a stock to gain, but even more impressive was the way they achieved that.

The stock had been suffering earlier this year, which is no surprise given the company’s extensive ties to China and the Trump administration’s apparent determination to pursue a trade war with that country. That has definitely created a headwind for Canadian Solar, and the President, Chairman and CEO of the company, Xiaohua Qu, acknowledged as much in his opening remarks during the conference call…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News