Shares of Canadian Solar Inc. jumped on Tuesday along with the broader solar sector and as an analyst upgraded the stock, citing an attractive stock value, reduced risk and better visibility.

Solar energy system maker Canadian Solar Inc. on Tuesday raised its outlook for third-quarter shipments and issued a revenue forecast above expectations.

Large-scale rollouts of solar farms in Europe in the past few years have virtually commoditized photovoltaic solar technology as an energy source, and huge installations on the way in the United States and China will cement that process.