Canadian Solar (NASDAQ:CSIQ) Price Target Cut to $17.00 by Analysts at Mizuho

Key Points

• Mizuho lowered Canadian Solar’s price target to $17 from $18 while maintaining a “neutral” rating, implying roughly 21.6% upside from the prior close.
• Analyst sentiment remains cautious: Canadian Solar has a consensus “Reduce” rating, with three Buy, seven Hold and four Sell ratings and a consensus price target of $18.02.
• The company reported a significantly wider-than-expected quarterly loss of $1.40 per share, while revenue of $1.21 billion exceeded estimates but fell 28.7% year over year; weaker third-quarter guidance and expected pressure from its U.S. factory ramp-up add to near-term concerns.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) had its price target cut by Mizuho from $18.00 to $17.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the solar energy provider's stock. Mizuho's price target would suggest a potential upside of 21.60% from the company's previous close.

Other analysts also recently issued reports about the stock. Glj Research reissued a "sell" rating and issued a $5.58 target price on shares of Canadian Solar in a research report on Thursday. Freedom Capital downgraded shares of Canadian Solar from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded Canadian Solar from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 23rd. Finally, Citigroup reissued a "neutral" rating on shares of Canadian Solar in a research note on Thursday. Three investment 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. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $18.02.

Canadian Solar Stock Up 0.8%

CSIQ opened at $13.98 on Friday. The company has a market capitalization of $949.24 million, a PE ratio of -5.55 and a beta of 1.52. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.06 and a quick ratio of 0.81. Canadian Solar has a fifty-two week low of $9.41 and a fifty-two week high of $34.59. The business has a 50-day moving average of $15.01 and a 200-day moving average of $16.11.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last released its quarterly earnings data 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). Canadian Solar had a negative return on equity of 4.20% and a negative net margin of 1.87%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted ($0.53) EPS. The company's quarterly revenue was down 28.7% on a year-over-year basis. Equities research analysts forecast that Canadian Solar will post -1.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian Solar

A number of hedge funds have recently modified their holdings of CSIQ. The Manufacturers Life Insurance Company acquired a new stake in shares of Canadian Solar in the 2nd quarter valued at $631,683,000. Deutsche Bank AG bought a new position in Canadian Solar during the 2nd quarter valued at about $722,850,000. UBS Group AG grew its stake in Canadian Solar by 71.3% during the fourth quarter. UBS Group AG now owns 399,963 shares of the solar energy provider's stock worth $9,507,000 after buying an additional 166,412 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Canadian Solar by 930.3% during the first quarter. Hsbc Holdings PLC now owns 120,450 shares of the solar energy provider's stock worth $1,668,000 after buying an additional 108,759 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Canadian Solar in the fourth quarter valued at approximately $2,995,000. 52.36% of the stock is owned by institutional investors and hedge funds.

More Canadian Solar News

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

• Positive Sentiment: Energy-storage shipments reached 3.7 gigawatt-hours, above the company’s guidance range of 2.8–3.2 GWh and up 73% year over year, highlighting continued growth in a higher-potential part of the business. Canadian Solar Reports Second Quarter 2026 Results
• Positive Sentiment: Second-quarter revenue of $1.21 billion topped the roughly $1.17 billion consensus estimate, providing some support for the stock despite the earnings shortfall. Canadian Solar Beats on Revenue, But Investors Face Softer Q3 Setup
• Neutral Sentiment: Short interest increased ahead of the earnings release, potentially contributing to heightened volatility and creating the possibility of short-covering if sentiment improves. CSIQ Stock Rises Premarket
• Negative Sentiment: Canadian Solar reported a $1.40-per-share loss, substantially wider than the expected $0.18 loss and worse than the $0.53 loss recorded a year earlier. Revenue also fell 28.7% year over year. Canadian Solar Q2 Loss Wider Than Estimates
• Negative Sentiment: Third-quarter revenue guidance of $1.3–$1.5 billion was below the approximately $1.7 billion analyst consensus, signaling weaker near-term demand or execution than investors had anticipated. Canadian Solar Reports Q2 Loss
• Negative Sentiment: Management warned that ramping up its U.S. factory would create additional profit pressure, adding to concerns about margins, while analysts at GLJ Research reaffirmed a “sell” rating with a $5.58 price target. Canadian Solar CEO Warns of More Profit Pressure

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.

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