Barclays Capital analyst Vishal Shah upgraded his investment opinion on shares of Canadian Solar (CSIQ), based in part on better prospects for the company to receive financing for its projects.
On the news, the stock rallied $1.72, or 11.7%, to close at $16.41.
Shah raised his rating from Underweight to Equal Weight. He said that the stock has a more balanced risk-reward profile due to "robust near term fundamentals, improving bankability situation (ability to secure project financing) and relatively attractive valuation."
Shah also raised his price target to $16 from $11.50.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.