Canadian Solar Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Financial Performance - Canadian Solar Inc. is expected to report quarterly earnings of 11 cents per share for the first quarter, a significant improvement from a loss of 2 cents per share in the same period last year [1] - The company projects quarterly revenue of $1.57 billion, a decrease from$1.7 billion a year earlier [1] Recent Developments - On March 6, Canadian Solar secured Battery Supply Agreements and Long-Term Service Agreements for two major battery energy storage projects in the United States, developed by Aypa Power [2] - Following this announcement, Canadian Solar shares fell by 1.9%, closing at $9.96 [2] Analyst Ratings - Wells Fargo analyst Michael Blum maintained an Equal-Weight rating and reduced the price target from$13 to $10 [5] - GLJ Research analyst Gordon Johnson maintained a Sell rating and increased the price target from$9.1 to $12.28 [5] - UBS analyst Jon Windham maintained a Buy rating but lowered the price target from$38 to $35 [5] - The company has a Momentum score of 12.68 and a Value score of 85.28 according to Edge Stock Ratings [4]