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Piper Jaffray is rolling out its 2012 estimates on Canadian Solar Inc.
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: Analyst RatingsCanadian Solar Inc.Electrical Components & EquipmentIndustrialsPiper Jaffray
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