Canadian Solar Inc. (NASDAQ:CSIQ) has been recommended as a long term growth stock according to analysts at Beta Research. With their stock price currently trading around $17.30, the firm has proven a solid track record of growth over the past few years. Investors might consider the stock as a long term growth candidate as the firm has yielded 20.40% earnings per share growth over the past 5 years and 8.50% revenue growth over that same time frame.
Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time. Long-term growth should be considered to be a relative term, due to different styles and goals of investors, but the endgame is the same.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Canadian Solar Inc. (NASDAQ:CSIQ)’s stock was 2.61%. Over the last week of the month, it was 1.41%, 9.84% over the last quarter, and 5.88% for the past six months.
Over the past 50 days, Canadian Solar Inc.’s stock is -9.38% off of the high and 7.84% removed from the low. Their 52-Week High and Low are as follows: -9.38% (High), 59.30%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $19.07 on the equity. Analysts have a consensus recommendation of 2.90 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.