tiprankstipranks
The Fly

Canadian Solar downgraded to Sell from Neutral at Goldman Sachs

Canadian Solar downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs analyst Brian Lee downgraded Canadian Solar (CSIQ) to Sell from Neutral with a price target of $11, down from $14. The firm is turning “incrementally more negative” on the stock due to potential policy risks from the Trump administration and the tariff environment for solar imports into the U.S., particularly from Southeast Asia, the analyst tells investors in a research note. Canadian Solar is one of the more highly exposed foreign solar panel suppliers into the U.S. market, Goldman Sachs added.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>