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Canadian Solar (CSIQ) engages in the design, development, manufacture, and sale of solar power products worldwide.
The company offers solar wafers, cells, and solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules for use in a range of residential, commercial, and industrial solar power generation systems.
The company also designs and produces specialty solar modules and products consisting of customized solar modules that its customers incorporate into their products, such as building integrated photovoltaic modules, or BIPV modules; and specialty products, such as portable solar home systems and solar-powered car battery chargers. In addition, it sells solar system kits, a package consisting of solar modules produced by it; and third party supplied components, such as inverters, racking system, and other accessories. Further, the company implements solar power development projects; and performs the engineering design, procurement, and construction work for the solar project. Canadian Solar Inc. sells its products under the CanadianSolar brand name.
The company offers its standard solar modules through a direct sales force and sales agents primarily to distributors, system integrators, and original equipment manufacturer customers, as well as to solar project developers; and specialty solar modules and products to the automotive, telecommunications, and light-emitting diode lighting sectors.
Shares have broken out of a bullish "cup and handle" and higher share prices are expected for this stock.
52-Week Trading Range: $3.12 - $35.64
Entry Point: $36.00
Stop Loss: $34.20
Target Price: $39.60
CSIQ reached our target price.
