Canadian Solar (NASDAQ:CSIQ) Announces Earnings Results, Beats Estimates By $0.50 EPS

Canadian Solar (NASDAQ:CSIQ) issued its quarterly earnings data on Thursday. The solar energy provider reported ($0.58) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.50, Zacks reports. Canadian Solar had a negative return on equity of 4.97% and a negative net margin of 0.12%.The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. Canadian Solar updated its Q4 2025 guidance to EPS.

Canadian Solar Price Performance

CSIQ stock traded up $4.96 during mid-day trading on Friday, hitting $33.58. The stock had a trading volume of 11,722,086 shares, compared to its average volume of 2,204,659. The firm has a fifty day simple moving average of $16.74 and a 200 day simple moving average of $13.10. The firm has a market capitalization of $2.25 billion, a P/E ratio of -55.97 and a beta of 1.35. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.98. Canadian Solar has a 52 week low of $6.57 and a 52 week high of $34.59.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Canadian Solar during the second quarter valued at approximately $33,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Canadian Solar by 38.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 8,094 shares of the solar energy provider’s stock valued at $89,000 after purchasing an additional 2,254 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Canadian Solar by 141.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,100 shares of the solar energy provider’s stock worth $100,000 after buying an additional 5,338 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Canadian Solar during the 3rd quarter worth $174,000. 52.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CSIQ shares. Jefferies Financial Group reissued a “hold” rating and set a $19.64 price target (up from $13.70) on shares of Canadian Solar in a report on Monday, November 3rd. Citigroup reiterated a “sell” rating and set a $11.00 price objective on shares of Canadian Solar in a research report on Tuesday, October 21st. The Goldman Sachs Group boosted their target price on shares of Canadian Solar from $9.00 to $10.00 and gave the company a “sell” rating in a research report on Wednesday, October 8th. UBS Group lowered their price target on shares of Canadian Solar from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Canadian Solar in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Canadian Solar has a consensus rating of “Reduce” and a consensus target price of $12.71.

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.