Analysts See $0.79 EPS for Canadian Solar Inc. (CSIQ); SPIRAX SARCO ENGINEERING PLC ORDINARY SH (SPXSF) Shorts Up By 55.84%

March 14, 2018 - By Nellie Frank

Analysts expect Canadian Solar Inc. (NASDAQ:CSIQ) to report $0.79 EPS on March, 19 before the open.They anticipate $0.55 EPS change or 229.17% from last quarter’s $0.24 EPS. CSIQ’s profit would be $45.82M giving it 5.10 P/E if the $0.79 EPS is correct. After having $0.22 EPS previously, Canadian Solar Inc.’s analysts see 259.09% EPS growth. The stock decreased 0.37% or $0.06 during the last trading session, reaching $16.13. About 445,490 shares traded. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 25.32% since March 14, 2017 and is downtrending. It has underperformed by 42.02% the S&P500.

SPIRAX SARCO ENGINEERING PLC ORDINARY SH (OTCMKTS:SPXSF) had an increase of 55.84% in short interest. SPXSF’s SI was 30,700 shares in March as released by FINRA. Its up 55.84% from 19,700 shares previously. With 300 avg volume, 102 days are for SPIRAX SARCO ENGINEERING PLC ORDINARY SH (OTCMKTS:SPXSF)’s short sellers to cover SPXSF’s short positions. The SI to SPIRAX SARCO ENGINEERING PLC ORDINARY SH’s float is 0.04%. It closed at $78.95 lastly. It is down 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Spirax-Sarco Engineering plc provides engineered solutions for the design, maintenance, and provision of industrial and commercial steam systems. The company has market cap of $5.92 billion. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and energy management products comprising metering products, boiler house products, heat transfer packages, and energy services. It has a 32.33 P/E ratio. The firm also designs, makes, and sells peristaltic pumps and associated fluid path technologies for biotechnology, food and beverage, chemical process, mining, and environmental sectors, including peristaltic tube pumps, precision tubing products, aseptic filling and capping systems, heavy-duty hose pumps, sinusoidal pumps, pump heads and panel-mount drives, single-use tubing connector systems, valves and magnetic mixers, sanitary gaskets, and silicone transfer tubing and reinforced silicone hoses, as well as PTFE-lined flexible hoses.

Among 17 analysts covering Canadian Solar Inc. (NASDAQ:CSIQ), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. Canadian Solar Inc. had 42 analyst reports since August 19, 2015 according to SRatingsIntel. As per Thursday, February 1, the company rating was upgraded by J.P. Morgan. The firm earned “Hold” rating on Wednesday, June 7 by Cowen & Co. Cowen & Co maintained Canadian Solar Inc. (NASDAQ:CSIQ) on Friday, October 20 with “Hold” rating. The firm has “Hold” rating by Standpoint Research given on Wednesday, November 25. On Tuesday, June 6 the stock rating was maintained by Oppenheimer with “Buy”. The firm earned “Underweight” rating on Monday, August 21 by Barclays Capital. The stock has “Buy” rating by Oppenheimer on Monday, August 14. The rating was downgraded by J.P. Morgan on Tuesday, December 12 to “Sell”. Northland Capital initiated Canadian Solar Inc. (NASDAQ:CSIQ) rating on Wednesday, March 16. Northland Capital has “Outperform” rating and $36 target. As per Tuesday, November 22, the company rating was downgraded by Roth Capital.

Canadian Solar Inc., together with its subsidiaries, designs, develops, makes, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company has market cap of $935.59 million. The firm operates through two divisions, Module and Energy. It has a 44.93 P/E ratio. The Company’s products include various solar modules that are used in residential, commercial, and industrial solar power generation systems.

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