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Canadian Solar (CSIQ) Surges: Stock Moves 7.2% Higher

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Canadian Solar Inc. (CSIQ - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $15.46 to $16.46 in the past one-month time frame.

The move came after the company reported solid earnings in fourth-quarter 2017.

The company has seen one negative estimate revision in the past one month, while its Zacks Consensus Estimate has also moved lower over the said time period, 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 Solar currently has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is positive.

A better-ranked stock in the Solar industry is SolarEdge Technologies, Inc. (SEDG - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CSIQ going up? Or down? Predict to see what others think: Up or Down

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