Is Canadian Solar Inc. (CSIQ) a Stock to Watch After Gaining 12.26% This Week?

Overall market sentiment has been high on Canadian Solar Inc. (CSIQ) stock lately. CSIQ receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Canadian Solar Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CSIQ!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CSIQ Stock Today?

Canadian Solar Inc. (CSIQ) stock is trading at $40.20 as of 9:48 AM on Monday, Aug 8, an increase of $1.53, or 3.94% from the previous closing price of $38.67. The stock has traded between $39.25 and $40.70 so far today. Volume today is less active than usual. So far 73,870 shares have traded compared to average volume of 938,365 shares.

More About Canadian Solar Inc.

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments CSI Solar and Global Energy segment. The CSI Solar segment design, develop and manufacture solar ingots, wafers, cells, modules and other solar power and battery storage products. Its Energy segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets. Click Here to get the full Stock Report for Canadian Solar Inc. stock.