Market Overview

Piper Jaffray Rolls Out 2012 Estimates On Canadian Solar


Piper Jaffray is rolling out its 2012 estimates on Canadian Solar Inc.
(NASDAQ: CSIQ) with a Neutral and a $14 price target based on 8x multiple to its FY12 estimate of $1.69.

Some of the risks to achieving that PT, Piper Jaffray said, include subsidy reductions; ASP declines; and execution risks in capacity expansion.

Canadian Solar Inc. closed Friday at $12.39.


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Posted-In: Canadian Solar Inc. Piper JaffrayAnalyst Ratings

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