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.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSIQ:
- Canadian Solar initiated with an Outperform at Mizuho
- Trina Solar says ITC to investigate complaint against Canadian Solar
- Canadian Solar executes three agreements with Sunraycer in Texas
- Biden administration to reveal new tariffs on cleantech imports, FT reports
- Canadian Solar unit signs 300 MW PPA with major U.S.-based technology company