NEW YORK (TheStreet) -- Shares of Canadian Solar (CSIQ - Get Report) were slumping in mid-afternoon trading on Tuesday as the solar power product manufacturer is slated to post second quarter results before Thursday's opening bell.
Analysts are looking for Canadian Solar to report earnings of 37 cents per share on revenue of $717.47 million.
For the 2015 second quarter, the company posted earnings of 31 cents per share and $636.65 million in revenue.
Canadian Solar projects 2016 second quarter revenue to be in the range of $710 million to $760 million.
Its full-year revenue outlook is between $3 billion to $3.2 billion, compared to analysts' estimated $3.16 billion.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate CANADIAN SOLAR INC as a Hold with a ratings score of C. 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 attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk.
You can view the full analysis from the report here: CSIQ