Canadian Solar Inc. (NASDAQ:CSIQ) is scheduled to release its 2015 second

The firm now has a “buy” rating on the stock. The 12-month mean target is $45.24, which means upside potential of 83.23% over the current price. (NASDAQ:CSIQ). The most bullish brokerage firm sees the stock heading to $53, while the most conservative estimate has an objective of $39. Vetr lowered shares of Canadian Solar from a “buy” rating to a “hold” rating and set a $41.97 price objective on the stock.in a research note on Monday, May 11th.

Canadian Solar Inc., caught in the downdraft that has hit solar industry stocks, is reconsidering its move to spin off a publicly traded “yieldco” that would hold a portfolio of its solar farm assets. Roth Capital upped their target price on Canadian Solar to $46.00 in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The mean target price is $45.24 according to First Call. The company has a market capitalization of $1.36 billion and a PE ratio of 4.94. Canadian Solar has a 52 week low of $18.68 and a 52 week high of $41.12.

Canadian Solar’s net revenue from the downstream PV business as a percentage of total net revenue was 30.6% compared to 35.9% in the first quarter of 2015. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.18.

The company is expected to announce next quarter earnings on August 18, at consensus estimate of $0.13. We recognize that the market has recently experienced volatility around YieldCo valuations and we have alternative plans to monetize our utility-scale solar power plant assets, if necessary. While it still hopes to get the split off the ground by early 2016, Mr. Potter’s comments make it clear the company is putting in place back-up plans, which would include potentially returning to its earlier model of disposing of solar farms after they are complete.

Canadian Solar Inc. (CSI) designs, develops, and manufactures solar wafers, cells and solar module products that convert sunlight into electricity for a variety of uses. The Company’s solar power projects segment designs and constructs, in order to operate or sell, solar power projects in China, the United Kingdom, Japan, the Middle East and India. Canadian Solar would keep a majority stake in the spinoff and use its dividends to generate cash flow for new developments. Its specialty solar products consist of solar modules that the customers integrate into their very own products and total specialty products, for example solar house systems that are portable. In December 2013, its subsidiary, CSI Holdco LLC sold two utility-scale solar power plants totaling 4.4 mega watts DC to Public Service Enterprise Group Inc subsidiary, PSEG Solar Source.