Zacks Research Predicts Weaker Earnings for Canadian Solar

Canadian Solar Inc. (NASDAQ:CSIQ) – Investment analysts at Zacks Research dropped their Q2 2026 earnings per share (EPS) estimates for shares of Canadian Solar in a research report issued to clients and investors on Tuesday, January 7th. Zacks Research analyst R. Department now expects that the solar energy provider will post earnings per share of ($0.09) for the quarter, down from their previous estimate of ($0.08). The consensus estimate for Canadian Solar’s current full-year earnings is $0.06 per share. Zacks Research also issued estimates for Canadian Solar’s Q3 2026 earnings at $0.86 EPS.

Canadian Solar (NASDAQ:CSIQ) last issued its quarterly earnings results on Thursday, December 5th. The solar energy provider reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.13. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company posted $0.32 EPS. The company’s revenue for the quarter was down 18.4% compared to the same quarter last year.

A number of other equities research analysts have also weighed in on CSIQ. The Goldman Sachs Group lowered Canadian Solar from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.00 to $11.00 in a research report on Tuesday, December 17th. StockNews.com upgraded Canadian Solar from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Mizuho began coverage on Canadian Solar in a research report on Friday, December 13th. They set an “outperform” rating and a $20.00 price objective on the stock. Jefferies Financial Group began coverage on Canadian Solar in a research report on Friday, November 22nd. They set a “buy” rating and a $14.15 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Canadian Solar currently has a consensus rating of “Hold” and an average price target of $18.31.

Canadian Solar Trading Down 4.2 %

Shares of CSIQ stock opened at $12.21 on Friday. The firm has a market capitalization of $807.80 million, a P/E ratio of -101.75, a P/E/G ratio of 8.89 and a beta of 1.27. Canadian Solar has a twelve month low of $10.60 and a twelve month high of $25.43. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $12.21 and its 200 day simple moving average is $13.69.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Canadian Solar during the 2nd quarter worth approximately $31,000. Daiwa Securities Group Inc. raised its stake in Canadian Solar by 20.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,900 shares of the solar energy provider’s stock worth $149,000 after buying an additional 1,500 shares during the period. Private Advisor Group LLC acquired a new position in Canadian Solar during the 3rd quarter worth approximately $219,000. Northwestern Mutual Wealth Management Co. raised its stake in Canadian Solar by 43.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,733 shares of the solar energy provider’s stock worth $232,000 after buying an additional 4,739 shares during the period. Finally, American Century Companies Inc. raised its stake in Canadian Solar by 8.0% during the 2nd quarter. American Century Companies Inc. now owns 18,716 shares of the solar energy provider’s stock worth $276,000 after buying an additional 1,383 shares during the period. 52.36% of the stock is owned by institutional investors and hedge funds.

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.