Roth Capital downgraded Canadian Solar (CSIQ) to Neutral from Buy with a price target of $9, down from $15. Over the past 18 months, Canadian Solar’s core module business has been challenged given the global oversupply, the analyst tells investors in a research note. In addition, the recent 145% China tariffs result in uncertainty and risk around the company’s storage economics, contends the firm. Roth says that even if the China tariffs are removed, it remains cautious on the upcoming anode antidumping and countervailing decisions.
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