Deutsche Bank AG purchased a new position in Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 77,596 shares of the solar energy provider's stock, valued at approximately $1,243,000. Deutsche Bank AG owned approximately 0.11% of Canadian Solar as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CSIQ. Two Sigma Investments LP purchased a new stake in shares of Canadian Solar in the third quarter worth $11,544,000. Bank of America Corp DE grew its position in Canadian Solar by 292.7% during the 1st quarter. Bank of America Corp DE now owns 1,071,486 shares of the solar energy provider's stock valued at $14,840,000 after purchasing an additional 798,610 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in Canadian Solar during the 2nd quarter valued at about $89,510,000. Renaissance Technologies LLC bought a new stake in Canadian Solar during the 1st quarter valued at about $6,921,000. Finally, JPMorgan Chase & Co. increased its stake in Canadian Solar by 206.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 571,893 shares of the solar energy provider's stock valued at $7,457,000 after purchasing an additional 385,355 shares in the last quarter. Hedge funds and other institutional investors own 52.36% of the company's stock.
Trending Headlines about 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 Trading Down 6.0%
Shares of CSIQ stock opened at $13.14 on Friday. Canadian Solar Inc. has a 12-month low of $9.41 and a 12-month high of $34.59. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 0.99. The firm's 50 day moving average is $14.95 and its 200 day moving average is $16.09. The stock has a market capitalization of $892.21 million, a P/E ratio of -3.42 and a beta of 1.52.
Canadian Solar (NASDAQ:CSIQ - Get Free Report) last announced its earnings results 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). The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.17 billion. Canadian Solar had a negative net margin of 3.73% and a negative return on equity of 5.55%. Canadian Solar's quarterly revenue was down 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.53) earnings per share. Research analysts expect that Canadian Solar Inc. will post -2.51 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on CSIQ shares. Roth Capital set a $15.00 target price on shares of Canadian Solar in a research note on Friday. Mizuho decreased their price objective on shares of Canadian Solar from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Friday. Citigroup lowered their price objective on Canadian Solar from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday. Freedom Capital downgraded Canadian Solar from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 19th. Finally, Glj Research reissued a "sell" rating and issued a $5.58 target price on shares of Canadian Solar in a report on Thursday. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $17.75.
View Our Latest Report on Canadian Solar
Canadian Solar Company Profile
(
Free Report)
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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