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Anushka Dutta

Should You Buy the Post-Earnings Plunge in Canadian Solar Stock?

Canadian Solar CSIQ Donald Trump Citi

Renewables have once again come into the spotlight after U.S. President Donald Trump said his administration will not approve solar or wind power projects. Although demand for electricity is growing faster than supply in some parts of the country, the administration appears adamant about sticking with conventional energy sources. Trump’s words follow the administration's tightening of federal permitting for renewables.

Against such a backdrop rife with tension, solar energy company Canadian Solar (CSIQ) reported its second-quarter results on Aug. 21, which immediately led to CSIQ stock dropping more than 18% intraday. Should you consider investing in the company’s post-earnings plunge?

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