Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Canadian Solar Inc shares valued at $36,522 were purchased by Wong Andrew Luen Cheung on Dec 16 ’24. At $12.69 per share, Wong Andrew Luen Cheung acquired 2,878 shares.
Also, Wong Andrew Luen Cheung purchased 3,687 shares, netting a total of over 45,608 in proceeds.
As published in a research note from Citigroup on April 17, 2025, Canadian Solar Inc [CSIQ] has been rated up from a Sell to a Neutral and the price target has been revised to $8. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid December. As of December 13, 2024, Mizuho has initiated its “an Outperform” rating for CSIQ. Earlier on November 22, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for CSIQ stock.
Analyzing CSIQ Stock Performance
During the last five days, there has been a surge of approximately 29.25%. Over the course of the year, Canadian Solar Inc shares have dropped approximately -16.55%. Shares of the company reached a 52-week high of $13.66 on 01/07/25 and a 52-week low of $6.57 on 04/09/25. A 50-day SMA is recorded $9.36, while a 200-day SMA reached $12.25.
Support And Resistance Levels for Canadian Solar Inc (CSIQ)
According to the 24-hour chart, there is a support level at 8.19, which, if violated, would cause prices to drop to 7.09. In the upper region, resistance lies at 10.01. The next price resistance is at 10.73. RSI (Relative Strength Index) is 57.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.73, which suggests the price will decrease in the coming days. Percent R is at 11.73%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
