Canadian Solar Inc. (NASDAQ:CSIQ) Given Consensus Rating of "Hold" by Analysts

Key Points

• Canadian Solar Inc. has received a consensus rating of "Hold" from analysts, with two sell recommendations, four hold recommendations, and three buy recommendations among the nine firms covering the stock.
• The average twelve-month target price for Canadian Solar stock is $11.64, reflecting varied assessments from different analysts, with some increasing and others decreasing target prices recently.
• Despite quarterly revenue growth of 3.6% year-over-year, the company reported a loss of ($0.53) earnings per share, significantly missing analysts' expectations of $0.76.

Canadian Solar Inc. (NASDAQ:CSIQ - Get Free Report) has received a consensus rating of "Hold" from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.6438.

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Canadian Solar from a "sell" rating to a "hold" rating in a research report on Friday, September 26th. JPMorgan Chase & Co. upped their target price on Canadian Solar from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Friday, September 19th. Zacks Research upgraded Canadian Solar from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. Wells Fargo & Company cut their target price on Canadian Solar from $11.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 3rd. Finally, UBS Group cut their target price on Canadian Solar from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th.

Institutional Investors Weigh In On Canadian Solar

A number of institutional investors and hedge funds have recently modified their holdings of CSIQ. Cerity Partners LLC lifted its position in shares of Canadian Solar by 52.2% during the 1st quarter. Cerity Partners LLC now owns 374,966 shares of the solar energy provider's stock valued at $3,243,000 after acquiring an additional 128,669 shares during the last quarter. Templeton & Phillips Capital Management LLC lifted its position in shares of Canadian Solar by 14.6% during the 1st quarter. Templeton & Phillips Capital Management LLC now owns 14,481 shares of the solar energy provider's stock valued at $125,000 after acquiring an additional 1,843 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Canadian Solar by 50.6% during the 1st quarter. Cetera Investment Advisers now owns 32,570 shares of the solar energy provider's stock valued at $282,000 after acquiring an additional 10,945 shares during the last quarter. IvyRock Asset Management HK Ltd lifted its position in shares of Canadian Solar by 87.8% during the 1st quarter. IvyRock Asset Management HK Ltd now owns 2,607,700 shares of the solar energy provider's stock valued at $22,557,000 after acquiring an additional 1,219,200 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Canadian Solar during the 1st quarter valued at $157,000. Institutional investors and hedge funds own 52.36% of the company's stock.

Canadian Solar Stock Performance

Shares of CSIQ stock opened at $14.89 on Thursday. Canadian Solar has a 12-month low of $6.57 and a 12-month high of $19.55. The firm has a market capitalization of $997.18 million, a price-to-earnings ratio of -24.82 and a beta of 1.28. The business has a 50 day simple moving average of $11.68 and a 200 day simple moving average of $10.70. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.09 and a quick ratio of 0.87.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The solar energy provider reported ($0.53) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($1.29). The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.90 billion. Canadian Solar had a negative return on equity of 4.97% and a negative net margin of 0.12%.The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. Canadian Solar has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Canadian Solar will post -0.23 EPS for the current year.

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.

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