• 3 minutes The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 21 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 3 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 2 days Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
Airports Could Become Solar Energy Hubs

Airports Could Become Solar Energy Hubs

As the world races towards…

U.S. Solar Boom Stumbles

U.S. Solar Boom Stumbles

Higher costs and supply constraints…

Soaring Solar Costs Could Slow The Renewable Boom

Soaring Solar Costs Could Slow The Renewable Boom

Year-to-date, solar module prices have…

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