Canadian Solar Inc.
(CSIQ) opened at 25.95. So far today, the stock has hit a low of 25.84 and a high of 27.08. CSIQ is now trading at 26.89, up 1.82 (7.01%). The stock hit its 52 week high of 31.44 in December and set its 52 week low of 6.50 in August. CSIQ has been climbing for the past eight months. Shares of solar operators have been soaring after First Solar Inc.
(FSLR) posted better-than-expected first quarter earnings of $46.6 million, or 57 cents a share. Technical indicators for the stock are bullish and steady. If you’re looking for a hedged play on this stock, consider a July bull-put credit spread below the $15 range. CSIQ stock could fall up to 44.2% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]