Canadian Solar Inc. (CSIQ Quick QuoteCSIQ - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $12.55 to $13.72 in the past one month time frame.

The move came after U.S President Donald Trump talked about a solar wall with Mexico which could lead to 1.4 GW of new solar generation, or enough to power 230,000 homes.

The company has seen four negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Canadian Solarcurrently has a Zacks Rank #3 (Hold) while its Earnings ESPis 0.00%.

Canadian Solar Inc. Price and Consensus

Canadian Solar Inc. Price and Consensus | Canadian Solar Inc. Quote

Investors interested in the Oils-Energy- Solar industry may consider a better-ranked stock like SolarEdge Technologies, Inc. (SEDG Quick QuoteSEDG - Free Report) , which carries a Zacks Rank #1 (Strong Buy).

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