Zacks Research Raises Earnings Estimates for Canadian Solar

Canadian Solar Inc. (NASDAQ:CSIQ) – Investment analysts at Zacks Research upped their FY2025 earnings estimates for Canadian Solar in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the solar energy provider will earn $0.94 per share for the year, up from their previous forecast of $0.84. The consensus estimate for Canadian Solar’s current full-year earnings is $0.12 per share. Zacks Research also issued estimates for Canadian Solar’s Q4 2025 earnings at $0.86 EPS, Q1 2026 earnings at $0.12 EPS, Q2 2026 earnings at $0.09 EPS, Q3 2026 earnings at $1.08 EPS and FY2026 earnings at $2.28 EPS.

Several other equities research analysts also recently commented on CSIQ. The Goldman Sachs Group decreased their target price on shares of Canadian Solar from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, August 26th. Glj Research raised their target price on Canadian Solar from $9.10 to $12.28 and gave the company a “sell” rating in a report on Tuesday, July 30th. Jefferies Financial Group started coverage on Canadian Solar in a report on Friday. They set a “buy” rating and a $14.15 price target for the company. StockNews.com cut Canadian Solar from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer reduced their target price on shares of Canadian Solar from $43.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Four research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Solar has a consensus rating of “Hold” and a consensus price target of $19.94.

Canadian Solar Stock Performance

Shares of CSIQ stock opened at $11.91 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average of $14.97. Canadian Solar has a 12 month low of $10.91 and a 12 month high of $26.85. The firm has a market capitalization of $787.95 million, a PE ratio of 23.35, a price-to-earnings-growth ratio of 3.69 and a beta of 1.34.

Canadian Solar (NASDAQ:CSIQ) last issued its earnings results on Thursday, August 22nd. The solar energy provider reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. Canadian Solar had a return on equity of 0.99% and a net margin of 0.56%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the business posted $2.39 EPS. The firm’s revenue for the quarter was down 30.8% compared to the same quarter last year.

Institutional Trading of Canadian Solar

Several hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Canadian Solar during the 2nd quarter worth approximately $31,000. Daiwa Securities Group Inc. grew its holdings in Canadian Solar by 20.3% during the third quarter. Daiwa Securities Group Inc. now owns 8,900 shares of the solar energy provider’s stock valued at $149,000 after purchasing an additional 1,500 shares during the period. Private Advisor Group LLC purchased a new stake in Canadian Solar in the third quarter worth $219,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Canadian Solar by 43.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,733 shares of the solar energy provider’s stock valued at $232,000 after buying an additional 4,739 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Canadian Solar by 27.6% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 17,435 shares of the solar energy provider’s stock valued at $257,000 after buying an additional 3,768 shares during the last quarter. Institutional investors own 52.36% of the company’s stock.

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.