— February 2, 2016, Analyst Philip Shen of Roth Capital recently weighed in on CSIQ, selecting the company as one of his “top picks.” First, the analyst notes the stock is trading below is pre-ITC extension levels, which he views as “an attractive buying opportunity.” The analyst attributes the falling stock price to its grouping “with other China-based stocks and overall macro concerns.” However, he states that CSIQ is “one of the best-positioned solar companies in [his] universe” due to its leading global position, strong downstream pipeline, and “limited exposure to China.”
The analyst is also bullish regarding the company’s access to debt financing, as the company was able to fund various project in the U.S. and abroad through loans. He believes that success in U.S. utility projects, “potentially improved economics in the company’s existing U.S. pipeline as a result of the ITC extension,” and “a successful yieldco launch” are all upside catalysts for the stock.....
http://www.smarteranalyst.com/2016/02/02/245999/
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