Citi lowered the firm’s price target on Canadian Solar (CSIQ) to $11 from $12.50 and keeps a Neutral rating on the shares after Q2 sales and adjusted EPS missed the firm’s and consensus estimates and the company gave below-consensus revenue guidance for Q3 while cutting its FY25 outlook. The firm, which sees the stock trading “sharply” lower due to the miss and guidance cut, views FEOC compliance remaining a concern for investors and customers.
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