5,319,525 Shares in Canadian Solar Inc. $CSIQ Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 5.32 million Canadian Solar shares worth approximately $85.2 million, giving it a 7.83% stake; institutional investors now own 52.36% of the company.
• Canadian Solar’s second-quarter revenue of $1.21 billion topped estimates, but the company reported a $1.40-per-share loss, substantially worse than expected, with revenue down 28.7% year over year.
• Management forecast third-quarter revenue of $1.3–$1.5 billion, below the roughly $1.7 billion consensus estimate. Analysts remain cautious, with a consensus “Reduce” rating and a $17.75 target, while some cited continued pressure from weaker module demand and the U.S. factory ramp-up.

BlackRock Inc. purchased a new stake in shares of Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,319,525 shares of the solar energy provider's stock, valued at approximately $85,219,000. BlackRock Inc. owned about 7.83% of Canadian Solar as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Canadian Solar by 7.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,796 shares of the solar energy provider's stock valued at $63,000 after buying an additional 312 shares during the last quarter. Global Retirement Partners LLC bought a new position in Canadian Solar during the 2nd quarter valued at $96,000. Kelleher Financial Advisors bought a new stake in Canadian Solar during the second quarter worth $186,000. Bridgewater Advisors Inc. bought a new stake in shares of Canadian Solar during the 2nd quarter worth $213,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in Canadian Solar in the second quarter worth $241,000. 52.36% of the stock is owned by institutional investors.

Canadian Solar Trading Down 6.0%

NASDAQ CSIQ opened at $13.14 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.06 and a debt-to-equity ratio of 0.99. Canadian Solar Inc. has a twelve month low of $9.41 and a twelve month high of $34.59. The firm has a market capitalization of $892.21 million, a PE ratio of -3.42 and a beta of 1.52. The stock's 50 day moving average is $14.95 and its 200 day moving average is $16.09.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The solar energy provider reported ($1.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by ($1.22). Canadian Solar had a negative return on equity of 5.55% and a negative net margin of 3.73%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted ($0.53) EPS. Canadian Solar's revenue for the quarter was down 28.7% compared to the same quarter last year. Research analysts forecast that Canadian Solar Inc. will post -2.51 earnings per share for the current fiscal year.

Key Headlines 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

Wall Street Analyst Weigh In

CSIQ has been the subject of a number of research reports. Weiss Ratings cut Canadian Solar from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday. Citigroup reduced their target price on Canadian Solar from $18.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday. Glj Research restated a "sell" rating and set a $5.58 target price on shares of Canadian Solar in a report on Thursday. 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. Finally, Wall Street Zen downgraded shares of Canadian Solar from a "sell" rating to a "strong sell" rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $17.75.

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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