NEW YORK (TheStreet) -- Shares of Canadian Solar (CSIQ) - Get Report were gaining 7.2% to $32.35 Thursday after the solar power company reported its fourth quarter results.

Canadian Solar reported earnings of $1.28 a share for the fourth quarter, below analysts' estimates of $1.34 a share. Revenue grew 84.1% year over year to $956.15 million for the quarter, above analysts' estimates of $953.94 million.

Looking to the first quarter the solar power company said it expects revenue of $725 million to $775 million, compared to analysts' estimates of $733.09 million. The company expects to ship 1 GW to 1.03 GW worth of solar modules in the first quarter.

Canadian Solar expects revenue of $2.8 billion to $3 billion for full year 2015, below analysts' estimates of $3.42 billion for the year. The company expects to ship a total of 4 GW to 4.3 GW worth of solar modules in 2015.

TheStreet Ratings team rates CANADIAN SOLAR INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate CANADIAN SOLAR INC (CSIQ) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and a generally disappointing performance in the stock itself."

You can view the full analysis from the report here: CSIQ Ratings Report

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