Legal & General Group Plc Takes $42.59 Million Position in Canadian Solar Inc. $CSIQ

Legal & General Group Plc acquired a new stake in shares of Canadian Solar Inc. (NASDAQ:CSIQ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,658,787 shares of the solar energy provider’s stock, valued at approximately $42,587,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in Canadian Solar in the 2nd quarter worth approximately $96,000. Jones Financial Companies Lllp bought a new position in shares of Canadian Solar during the 2nd quarter valued at $100,000. Danske Bank A S purchased a new position in shares of Canadian Solar in the 2nd quarter worth $100,000. Kelleher Financial Advisors purchased a new position in shares of Canadian Solar in the 2nd quarter worth $186,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Canadian Solar in the second quarter worth $25,000. Hedge funds and other institutional investors own 52.36% of the company’s stock.

Canadian Solar Stock Down 6.0%

CSIQ stock opened at $13.14 on Friday. The business’s 50-day moving average price is $14.95 and its 200-day moving average price is $16.09. The stock has a market cap of $892.21 million, a P/E ratio of -3.42 and a beta of 1.52. The company has a quick ratio of 0.81, a current ratio of 1.06 and a debt-to-equity ratio of 0.99. Canadian Solar Inc. has a twelve month low of $9.41 and a twelve month high of $34.59.

Canadian Solar (NASDAQ:CSIQ) last released its earnings results on Thursday, August 27th. The solar energy provider reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.22). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. Canadian Solar had a negative return on equity of 5.55% and a negative net margin of 3.73%.Canadian Solar’s revenue was down 28.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.53) EPS. On average, equities research analysts forecast that Canadian Solar Inc. will post -1.81 EPS for the current year.

Key Headlines Impacting Canadian Solar

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

• Positive Sentiment: Energy-storage shipments reached 3.7 GWh, exceeding the company’s 2.8–3.2 GWh guidance and reportedly rising 73% year over year. This growth provides a potential offset to weakness in the solar-module business. Canadian Solar Reports Second Quarter 2026 Results
• Positive Sentiment: Second-quarter revenue of $1.21 billion exceeded the roughly $1.17 billion analyst estimate, although the increase was not enough to offset the earnings shortfall. Canadian Solar Beats on Revenue, But Investors Face Softer Q3 Setup
• Neutral Sentiment: Mizuho lowered its price target from $18 to $17 and maintained a neutral rating. The revised target still implies substantial upside from recent levels, but the reduction reflects ongoing execution and profitability concerns. Benzinga analyst update
• Negative Sentiment: Canadian Solar reported a second-quarter loss of $1.40 per share, far worse than analyst expectations and the $0.53 loss recorded a year earlier. Revenue fell 28.7% year over year, while lower solar-module sales contributed to the downturn. Canadian Solar Posts Q2 2026 Loss
• Negative Sentiment: Management guided third-quarter revenue to $1.3–$1.5 billion, below the approximately $1.7 billion consensus estimate, signaling continued demand and margin pressure. The CEO also warned that the U.S. factory ramp-up could weigh further on profits. Canadian Solar CEO Warns of More Profit Pressure
• Negative Sentiment: GLJ Research reaffirmed a sell rating with a $5.58 price target, reinforcing bearish sentiment after the earnings release. Benzinga analyst update

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Canadian Solar from a “sell” rating to a “strong sell” rating in a report on Saturday. Glj Research restated a “sell” rating and set a $5.58 price target on shares of Canadian Solar in a research note on Thursday. Freedom Capital lowered shares of Canadian Solar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings cut shares of Canadian Solar from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Finally, Roth Capital set a $15.00 price objective on shares of Canadian Solar in a report on Friday. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $17.75.

Canadian Solar Profile

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.