TwinTrader.com announces the publication of “Canadian Solar (Nasdaq: CSIQ) Sells 28MW of Panels to Iliotec of Germany; Zacks Issues Buy Recommendation.” The article discusses the solar industry and Canadian Solar’s recent analyst rating.
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In the article the author writes:
"Canadian Solar Inc. (CSIQ) yesterday announced it contracted to sell 28MW of solar modules with a 20MW option in two separate agreements to Iliotec Solar GmbH and Iliotec Solar International for delivery in 2009. Canadian Solar agreed to a fixed price structure for the first six-month period.”
Zacks Equity Research recommends Canadian Solar based on its financial status and oil prices:
“Separately, investment research firm Zacks Equity Research announced its recommendation to buy shares of Canadian Solar Inc., citing improved fundamentals of the company. Higher revenue guidance, aggressive cost-containment strategies, long-term silicone supply agreements, and continued expectations of higher oil prices, collectively, should generate strong earnings growth for the Markham, Canada-based company.”
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