3 Red Flags From Canadian Solar's Earnings Report
![3 Red Flags From Canadian Solar's Earnings Report 3 Red Flags From Canadian Solar's Earnings Report](https://g.foolcdn.com/editorial/images/463201/gettyimages-453820257.jpg)
Shares of Canadian Solar Inc. (NASDAQ: CSIQ) plunged double digits on Thursday after the company reported third-quarter earnings. The quarter should have been strong, as high demand and rising solar panel prices give the industry tailwinds.
But Canadian Solar reported only $13.3 million of net income on $912.2 million in revenue. There are some major challenges that Canadian Solar and other Chinese solar manufacturers will have to contend with heading into 2018.
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Source: Fool.com
Canadian Solar Inc. Stock
With 29 Buy predictions and 4 Sell predictions Canadian Solar Inc. is one of the favorites of our community.
With a target price of 20 € there is a positive potential of 34.63% for Canadian Solar Inc. compared to the current price of 14.86 €.