NEW YORK (TheStreet) -- Shares of Canadian Solar Inc. (CSIQ) are higher by 2.64% to $31.52 at the beginning of trading on Monday morning following the company's announcement that its subsidiary Canadian Solar Solutions Inc. completed the sale of its 10 megawatt AC Val Caron solar power plant to One West Holdings, an affiliate of the privately owned Concord Green Energy for C$60 million.
Additionally, Canadian Solar was upgraded this morning to "outperform" from "market perform" at FBR Capital (FBRC).
The firm said it raised its rating on the solar energy company based on its belief the market is undervaluing the company's diverse project pipeline.
FBR maintained its $40 price target on the stock.
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Separately, TheStreet Ratings team rates CANADIAN SOLAR INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CANADIAN SOLAR INC (CSIQ) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: