Canadian Solar Inc. (NASDAQ:CSIQ) to Post FY2026 Earnings of $5.00 Per Share, Zacks Research Forecasts

Canadian Solar Inc. (NASDAQ:CSIQ) – Research analysts at Zacks Research reduced their FY2026 earnings per share (EPS) estimates for Canadian Solar in a report released on Tuesday, April 30th. Zacks Research analyst R. Department now forecasts that the solar energy provider will post earnings per share of $5.00 for the year, down from their prior estimate of $5.01. The consensus estimate for Canadian Solar’s current full-year earnings is $2.58 per share.

Canadian Solar (NASDAQ:CSIQ) last issued its quarterly earnings data on Thursday, March 14th. The solar energy provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.11. Canadian Solar had a return on equity of 8.31% and a net margin of 3.60%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the business posted $1.11 earnings per share. The firm’s revenue was down 13.7% compared to the same quarter last year.

CSIQ has been the topic of a number of other research reports. The Goldman Sachs Group lowered their price objective on Canadian Solar from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Citigroup lowered their price target on Canadian Solar from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Wells Fargo & Company lowered their price target on Canadian Solar from $28.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 19th. StockNews.com upgraded Canadian Solar from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, Daiwa Capital Markets began coverage on Canadian Solar in a research report on Monday, March 11th. They set a “neutral” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.78.

Canadian Solar Trading Up 1.4 %

Shares of CSIQ stock opened at $16.79 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.04. Canadian Solar has a 52-week low of $14.11 and a 52-week high of $45.29. The company has a market capitalization of $1.11 billion, a PE ratio of 4.33, a price-to-earnings-growth ratio of 0.25 and a beta of 1.29. The business’s fifty day moving average is $18.24 and its 200 day moving average is $20.92.

Hedge Funds Weigh In On Canadian Solar

Several large investors have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Canadian Solar in the 3rd quarter worth approximately $93,000. Mackenzie Financial Corp raised its holdings in Canadian Solar by 23.4% in the 3rd quarter. Mackenzie Financial Corp now owns 3,108,915 shares of the solar energy provider’s stock worth $69,795,000 after acquiring an additional 589,400 shares during the last quarter. Clear Harbor Asset Management LLC raised its holdings in Canadian Solar by 21.5% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 11,870 shares of the solar energy provider’s stock worth $292,000 after acquiring an additional 2,100 shares during the last quarter. Assetmark Inc. raised its holdings in Canadian Solar by 71.2% in the 3rd quarter. Assetmark Inc. now owns 2,387 shares of the solar energy provider’s stock worth $59,000 after acquiring an additional 993 shares during the last quarter. Finally, Adirondack Trust Co. raised its holdings in Canadian Solar by 200.0% in the 3rd quarter. Adirondack Trust Co. now owns 1,500 shares of the solar energy provider’s stock worth $37,000 after acquiring an additional 1,000 shares during the last quarter. 52.36% of the stock is currently owned by hedge funds and other institutional investors.

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.