Canadian Solar Inc. (NASDAQ:CSIQ) Receives $18.58 Consensus PT from Analysts

Canadian Solar Inc. (NASDAQ:CSIQ) has received a consensus rating of “Reduce” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $18.58.

Several research firms have recently issued reports on CSIQ. Roth Capital lifted their price objective on shares of Canadian Solar from $11.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Zacks Research raised Canadian Solar from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. UBS Group increased their price objective on Canadian Solar from $15.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Citigroup restated a “sell” rating and set a $11.00 target price on shares of Canadian Solar in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. upped their price target on Canadian Solar from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, November 14th.

Canadian Solar Stock Performance

Shares of CSIQ opened at $25.02 on Friday. Canadian Solar has a 1 year low of $6.57 and a 1 year high of $34.59. The stock has a market capitalization of $1.68 billion, a PE ratio of -41.70 and a beta of 1.35. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50-day simple moving average of $18.67 and a 200-day simple moving average of $13.93.

Canadian Solar (NASDAQ:CSIQ) last issued its earnings results on Thursday, November 13th. The solar energy provider reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($1.08) by $0.50. Canadian Solar had a negative net margin of 0.12% and a negative return on equity of 4.97%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the company earned ($0.31) earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. Canadian Solar has set its Q4 2025 guidance at EPS. On average, analysts predict that Canadian Solar will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian Solar

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Canadian Solar in the second quarter valued at $33,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Canadian Solar by 335.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,198 shares of the solar energy provider’s stock valued at $42,000 after purchasing an additional 2,463 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Canadian Solar by 7.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,796 shares of the solar energy provider’s stock valued at $63,000 after purchasing an additional 312 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Canadian Solar in the 3rd quarter valued at about $73,000. Finally, Summit Securities Group LLC grew its stake in Canadian Solar by 598.5% during the 1st quarter. Summit Securities Group LLC now owns 7,020 shares of the solar energy provider’s stock worth $61,000 after buying an additional 6,015 shares during the last quarter. 52.36% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Solar

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.