Zacks Research Forecasts Higher Earnings for Canadian Solar

Canadian Solar Inc. (NASDAQ:CSIQ) – Investment analysts at Zacks Research lifted their FY2025 EPS estimates for Canadian Solar in a research note issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the solar energy provider will post earnings of $0.94 per share for the year, up from their previous forecast of $0.84. The consensus estimate for Canadian Solar’s current full-year earnings is $0.12 per share. Zacks Research also issued estimates for Canadian Solar’s Q4 2025 earnings at $0.86 EPS, Q1 2026 earnings at $0.12 EPS, Q2 2026 earnings at $0.09 EPS, Q3 2026 earnings at $1.08 EPS and FY2026 earnings at $2.28 EPS.

A number of other research firms have also recently commented on CSIQ. Glj Research raised their price target on Canadian Solar from $9.10 to $12.28 and gave the company a “sell” rating in a report on Tuesday, July 30th. Jefferies Financial Group started coverage on shares of Canadian Solar in a report on Friday. They issued a “buy” rating and a $14.15 target price for the company. Oppenheimer decreased their price target on shares of Canadian Solar from $43.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. The Goldman Sachs Group dropped their price objective on shares of Canadian Solar from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, August 26th. Finally, Roth Mkm reduced their target price on shares of Canadian Solar from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Solar presently has an average rating of “Hold” and a consensus price target of $19.94.

Canadian Solar Price Performance

Shares of Canadian Solar stock opened at $13.07 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 1.04. The stock’s fifty day moving average is $13.73 and its 200 day moving average is $14.94. The stock has a market cap of $864.71 million, a P/E ratio of 25.63, a P/E/G ratio of 3.89 and a beta of 1.34. Canadian Solar has a one year low of $10.91 and a one year high of $26.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSIQ. Sanctuary Advisors LLC increased its stake in shares of Canadian Solar by 37.1% during the third quarter. Sanctuary Advisors LLC now owns 31,029 shares of the solar energy provider’s stock worth $520,000 after purchasing an additional 8,404 shares in the last quarter. Barclays PLC increased its stake in Canadian Solar by 494.4% during the 3rd quarter. Barclays PLC now owns 115,328 shares of the solar energy provider’s stock worth $1,932,000 after buying an additional 95,924 shares in the last quarter. State Street Corp raised its holdings in shares of Canadian Solar by 5.6% during the third quarter. State Street Corp now owns 486,800 shares of the solar energy provider’s stock valued at $8,159,000 after acquiring an additional 25,901 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Canadian Solar by 1.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 110,188 shares of the solar energy provider’s stock valued at $1,847,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Canadian Solar in the third quarter worth approximately $1,109,000. Hedge funds and other institutional investors own 52.36% of the company’s stock.

Canadian Solar Company Profile

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.