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Canadiansolar

Canadian Solar secures major solar power contract in EuropeCanadian Solar Inc., through its subsidiary Recurrent Energy, has achieved a significant milestone by securing its first major solar power supply contract in the European market with GKN Automotive in Spain. This marks a pivotal expansion for Canadian Solar as it taps into the growing European renewable energy sector. The contract encompasses a 10-year agreement to support the Rey I project – a 115MW solar power plant in Seville, Spain. Set to commence operations in early 2026, the plant is expected to generate approximately 240 GWh annually, enough to power roughly 73,000 homes. Despite the broad community benefits, the primary energy recipient under this agreement will be GKN Automotive, which targets zero emissions by 2045 as part of its sustainability goals. Technical analysis of Canadian Solar Inc. (NASDAQ: CSIQ) Reviewing Canadian Solar's stock for potential trading opportunities: Timeframe : Daily (D1) Current trend : the stock is in a downtrend that began in May 2023. However, the downtrend's momentum is showing signs of weakening, with recent price action challenging the resistance line Resistance level : previously at 15.80 USD, which was breached recently Support level : established at 15.25 USD Potential downtrend continuation : if the downtrend resumes, watch for potential declines Short-term target : if the trend reverses to an uptrend, the short-term target could be 21.10 USD, reflecting a significant rebound from the current resistance level Medium-term target : with sustained upward movement, the stock price might aim for 27.00 USD Investors should closely monitor Canadian Solar's performance, particularly considering this new European contract, which could significantly influence the company's growth trajectory and stock value. This achievement not only enhances Canadian Solar's footprint in the renewable energy sector but also aligns with broader global shifts towards sustainable energy solutions. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
NASDAQ:CSIQ
by RoboMarkets
CSIQ LongThis week, I was mostly mad at myself for missing a great trade on AMD. I was waiting for Inverse Head and Shoulder to break the Neckline for some time now and I completely forgot about the setup. Note to myself: PUT ALERTS ON LEVELS YOU ARE WATCHING! Put AMD aside, one stock caught my eye since last week. Most likely I will be buying them on Monday. CSIQ - Canadian Solar Inc. is stock I am looking on with couple of things to consider first: 1. CSIQ is on path to break the resistance level sitting at $43.5- 44 price range. 2. If this level gets broken, my expectation is that the price will continue it's long move up to the previous High sitting at $67.44. 3. My first buy point is at the current price. I will surely be adding on my position once price approaches the next resistance line sitting at $48-49 price range. 4. Most likely I will be adding again to my position once stock movement approaches the break of the last ATH price level. Of course, this is just my thinking, this doesn't mean I am right. I am a professional trader and investor and my risk is different then majority of people is.
NASDAQ:CSIQLong
by De_Banis
Breakout Trade in CSIQCSIQ is a market leader in today’s #1 sector - solar energy. Shares soared over 60% between July and August as solar stocks came front and center as a leading theme in the market recovery. The 200-day moving average has begun sloping upward, putting CSIQ at the beginning of a new Stage 2 uptrend (see my previous post on the 4 Stages of the Stock Cycle). The pink dots on the relative strength line on top of the chart signal new RS highs being made by CSIQ. In other words, the stock has held up better than the general market over the last couple weeks. I’d like to see Tuesday’s action stay inside of Friday’s range to post a true inside day. If that happens, I will look to buy on a breakout above the Friday candle at 46.25.
NASDAQ:CSIQLong
by rossgivens