Canadian Solar (NASDAQ:CSIQ) Downgraded by Wall Street Zen to "Strong Sell"

Key Points

• Wall Street Zen downgraded Canadian Solar to “Strong Sell” from “Sell,” adding to broadly negative analyst sentiment. The stock has an average “Reduce” rating and an average price target of $17.75, with recent downgrades from Freedom Capital, Mizuho, and Citigroup.
• Canadian Solar reported a second-quarter loss of $1.40 per share, missing the $0.18 loss expected by analysts, while revenue fell 28.7% year over year to $1.21 billion. The shares opened at $13.14 and were down 6% in the reported session.
• Management’s third-quarter revenue outlook of $1.3 billion to $1.5 billion was below the roughly $1.7 billion consensus estimate, signaling continued demand and margin pressure. Strong energy-storage shipments provided a partial offset to weakness in the solar-module business.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued on Saturday.

A number of other analysts also recently weighed in on the stock. Freedom Capital downgraded shares of Canadian Solar from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 19th. Mizuho cut their price target on shares of Canadian Solar from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday. Citigroup decreased their price objective on shares of Canadian Solar from $18.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday. Weiss Ratings lowered 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 target on shares of Canadian Solar in a research report on Friday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $17.75.

Canadian Solar Trading Down 6.0%

NASDAQ:CSIQ opened at $13.14 on Friday. The stock has a market cap of $892.21 million, a price-to-earnings ratio of -3.42 and a beta of 1.52. Canadian Solar has a one year low of $9.41 and a one year high of $34.59. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 1.06. The business's 50-day simple moving average is $14.95 and its 200 day simple moving average is $16.09.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The solar energy provider reported ($1.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($1.22). Canadian Solar had a negative net margin of 3.73% and a negative return on equity of 5.55%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned ($0.53) EPS. Canadian Solar's revenue for the quarter was down 28.7% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Solar will post -1.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Solar

A number of hedge funds have recently added to or reduced their stakes in CSIQ. California State Teachers Retirement System acquired a new stake in shares of Canadian Solar during the second quarter worth $173,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Canadian Solar during the 2nd quarter valued at about $166,000. Hsbc Holdings PLC grew its position in shares of Canadian Solar by 170.5% during the 2nd quarter. Hsbc Holdings PLC now owns 325,847 shares of the solar energy provider's stock valued at $5,220,000 after buying an additional 205,397 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Canadian Solar during the second quarter worth about $1,018,259,000. Finally, Kingsview Wealth Management LLC bought a new position in Canadian Solar in the second quarter worth about $357,000. Institutional investors and hedge funds own 52.36% of the company's stock.

Key Stories 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

Canadian Solar Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source