Canadian Solar (NASDAQ:CSIQ) Posts Earnings Results, Beats Expectations By $0.35 EPS

Canadian Solar (NASDAQ:CSIQ) posted its quarterly earnings results on Friday. The solar energy provider reported ($0.71) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.06) by $0.35, FiscalAI reports. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $950.43 million. Canadian Solar had a negative return on equity of 4.21% and a negative net margin of 1.87%.The business’s revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.07) earnings per share.

Canadian Solar Trading Up 0.3%

Shares of NASDAQ CSIQ traded up $0.06 during mid-day trading on Friday, reaching $17.88. 4,460,893 shares of the company’s stock were exchanged, compared to its average volume of 3,356,813. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -7.10 and a beta of 1.44. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.83 and a current ratio of 1.02. Canadian Solar has a 52-week low of $9.41 and a 52-week high of $34.59. The company’s 50-day moving average is $15.20 and its 200-day moving average is $20.04.

Institutional Inflows and Outflows

Large investors 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 worth $33,000. Caitong International Asset Management Co. Ltd lifted its stake in Canadian Solar by 335.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 3,198 shares of the solar energy provider’s stock worth $42,000 after purchasing an additional 2,463 shares in the last quarter. Quarry LP acquired a new position in Canadian Solar during the fourth quarter worth $54,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Canadian Solar by 7.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,796 shares of the solar energy provider’s stock worth $63,000 after purchasing an additional 312 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Canadian Solar during the third quarter worth $73,000. 52.36% of the stock is currently owned by institutional investors and hedge funds.

More Canadian Solar News

Here are the key news stories impacting Canadian Solar this week:

• Positive Sentiment: Canadian Solar reported Q1 EPS of ($0.71), better than the consensus loss of ($1.06), and revenue of $1.08 billion, above estimates of $950.4 million, which suggests execution was stronger than feared. Article Title
• Positive Sentiment: The company said solar module shipments reached 2.5 GW, above guidance, and battery storage shipments surged, pointing to improving demand in key growth areas. Article Title
• Positive Sentiment: Management described the quarter as supported by strategic progress, including continued U.S. solar manufacturing expansion and stronger-than-expected operational results. Article Title
• Neutral Sentiment: Analysts currently rate CSIQ at an average “Hold”, suggesting expectations are balanced rather than strongly bullish. Article Title
• Negative Sentiment: Canadian Solar’s updated Q2 2026 revenue guidance of $1.0 billion to $1.2 billion came in well below the consensus estimate of about $1.6 billion, which likely weighed on the shares. Article Title
• Negative Sentiment: Recent commentary also highlighted a broader pullback in Canadian Solar stock, with investors focusing on the softer forecast despite the earnings beat. Article Title

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Oppenheimer dropped their price target on Canadian Solar from $38.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Wall Street Zen lowered Canadian Solar from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Roth Mkm dropped their price target on Canadian Solar from $30.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Freedom Capital upgraded Canadian Solar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Finally, Wells Fargo & Company lowered their price objective on Canadian Solar from $23.00 to $17.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.36.

About Canadian Solar

Canadian Solar Inc (NASDAQ: CSIQ) is a global renewable energy company that specializes in the design, development and manufacturing of solar photovoltaic (PV) modules and system solutions. Founded in 2001 and headquartered in Guelph, Ontario, the company has grown to become one of the world’s largest solar module suppliers. Canadian Solar offers a comprehensive portfolio of products, including mono- and multi-crystalline solar cells and modules, as well as advanced energy storage and system integration solutions tailored for residential, commercial and utility-scale applications.

In addition to manufacturing solar components, Canadian Solar provides end-to-end services encompassing project development, engineering, procurement and construction (EPC), as well as operations and maintenance.