Vetr's Sunny Outlook On Canadian Solar Earns Stock A Strong Buy

On Tuesday, the Vetr crowd upgraded their rating for Canadian Solar Inc. CSIQ from 4 stars (Buy), issued four days ago, to 5 stars (Strong Buy). Crowd sentiment for the stock is unanimously positive, with 100 percent of Vetr user ratings bullish.

Vetr's upgrade comes after a downturn in the previous trading day that saw share price in the solar energy company fall 4.25 percent as the market opened. The stock slowly recovered Tuesday. The stock was closing in on its price prior to Monday's fall.

Earlier in January, Canadian Solar announced several agreements to begin work on solar energy projects in Japan, the Netherlands, and elsewhere.

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Currently, the Vetr crowd's average target price for the stock is up at $14.08, which is well below the average analyst target price of $22.53. Less than 2 percent of Vetr users are holding CSIQ in their watch lists.