UBS analyst Jon Windham maintained a Buy rating on Canadian Solar today and set a price target of $37.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Jon Windham has given his Buy rating due to a combination of factors that suggest a positive outlook for Canadian Solar. The company’s shares are currently trading at a discount relative to the sum-of-the-parts valuation, which presents an attractive investment opportunity. Additionally, the analyst has revised the price target upwards to $37, reflecting confidence in the company’s future performance.
Windham’s optimism is further supported by favorable Chinese policies aimed at reducing oversupply, which could benefit Canadian Solar through increased market share or higher average selling prices. The company’s guidance for revenue and margins aligns with market expectations, and there is a potential shift towards energy storage solutions, which could drive future growth. These elements collectively underpin the Buy rating, indicating that Canadian Solar is well-positioned for long-term success.
Windham covers the Industrials sector, focusing on stocks such as Casella Waste, Clean Harbors, and Generac Holdings. According to TipRanks, Windham has an average return of 12.0% and a 53.58% success rate on recommended stocks.