Greenwoods Asset Management Hong Kong Ltd. increased its holdings in Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) by 60.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,115,861 shares of the solar energy provider's stock after buying an additional 420,000 shares during the quarter. Canadian Solar comprises 0.3% of Greenwoods Asset Management Hong Kong Ltd.'s portfolio, making the stock its 23rd largest holding. Greenwoods Asset Management Hong Kong Ltd. owned about 1.69% of Canadian Solar worth $9,652,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Templeton & Phillips Capital Management LLC grew its holdings in Canadian Solar by 14.6% in the 1st quarter. Templeton & Phillips Capital Management LLC now owns 14,481 shares of the solar energy provider's stock worth $125,000 after buying an additional 1,843 shares in the last quarter. Robotti Robert lifted its position in Canadian Solar by 0.6% in the first quarter. Robotti Robert now owns 490,880 shares of the solar energy provider's stock worth $4,246,000 after purchasing an additional 3,000 shares during the period. Wells Fargo & Company MN lifted its position in Canadian Solar by 184.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,166 shares of the solar energy provider's stock worth $57,000 after purchasing an additional 3,347 shares during the period. Shell Asset Management Co. lifted its position in Canadian Solar by 11.4% in the fourth quarter. Shell Asset Management Co. now owns 40,499 shares of the solar energy provider's stock worth $450,000 after purchasing an additional 4,134 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Canadian Solar in the first quarter worth approximately $39,000. 52.36% of the stock is owned by institutional investors.
Canadian Solar Stock Performance
Shares of NASDAQ:CSIQ traded up $0.68 during midday trading on Friday, hitting $11.07. The company's stock had a trading volume of 2,268,238 shares, compared to its average volume of 1,012,475. The stock has a market capitalization of $741.38 million, a price-to-earnings ratio of -18.45 and a beta of 1.35. The stock's 50 day simple moving average is $11.95 and its 200 day simple moving average is $10.47. Canadian Solar Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $19.55. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.80 and a current ratio of 1.07.
Canadian Solar (NASDAQ:CSIQ - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The solar energy provider reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($1.29). The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.90 billion. Canadian Solar had a negative net margin of 0.12% and a negative return on equity of 4.98%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 earnings per share. Canadian Solar has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Canadian Solar Inc. will post -0.23 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on CSIQ shares. The Goldman Sachs Group upped their target price on Canadian Solar from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Friday, May 16th. Citigroup cut their price objective on Canadian Solar from $12.50 to $11.00 and set a "neutral" rating for the company in a research report on Thursday. Mizuho cut their price objective on Canadian Solar from $17.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday. Wall Street Zen lowered Canadian Solar from a "hold" rating to a "sell" rating in a report on Friday. Finally, Wells Fargo & Company increased their target price on Canadian Solar from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.02.
View Our Latest Research Report on CSIQ
About Canadian Solar
(
Free Report)
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.
Further Reading
Before you consider Canadian Solar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Solar wasn't on the list.
While Canadian Solar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access