Citi upgraded Canadian Solar (CSIQ) to Neutral from Sell with an $8 price target The company’s current valuation reflects no value for CSI Solar and an “impaired value” for Recurrent Energy, the analyst tells investors in a research note. Citi estimates Recurrent alone is worth $12 per share in book value. The firm believes Inflation Reduction Act risks and a large portion of tariff impact appear to be already in utility scale stocks.
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