Hsbc Holdings PLC Invests $5.22 Million in Canadian Solar Inc. $CSIQ

Key Points

• HSBC Holdings acquired 325,847 Canadian Solar shares worth approximately $5.22 million, representing about 0.48% of the company. Institutional investors collectively owned 52.36% of Canadian Solar at quarter-end.
• Canadian Solar reported a steep second-quarter loss of $1.40 per share, missing expectations, while revenue fell 28.7% year over year to $1.21 billion. Energy-storage shipments exceeded guidance, but weaker module sales pressured results.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and an average price target of $17.75, while management’s third-quarter revenue guidance of $1.3 billion to $1.5 billion was below consensus estimates.

Hsbc Holdings PLC acquired a new position in Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 325,847 shares of the solar energy provider's stock, valued at approximately $5,220,000. Hsbc Holdings PLC owned approximately 0.48% of Canadian Solar at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Deutsche Bank AG bought a new stake in Canadian Solar in the 2nd quarter valued at about $722,850,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Canadian Solar in the 2nd quarter worth about $676,361,000. BlackRock Inc. acquired a new stake in shares of Canadian Solar in the 2nd quarter worth about $85,219,000. The Manufacturers Life Insurance Company bought a new position in Canadian Solar in the 2nd quarter valued at about $631,683,000. Finally, Canada Pension Plan Investment Board bought a new position in Canadian Solar in the 2nd quarter valued at about $532,044,000. Institutional investors own 52.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on CSIQ. Citigroup decreased their price objective on Canadian Solar from $18.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday. Mizuho dropped their target price on Canadian Solar from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday. Roth Capital set a $15.00 target price on Canadian Solar in a research report on Friday. Glj Research reiterated a "sell" rating and set a $5.58 price target on shares of Canadian Solar in a report on Thursday. Finally, Weiss Ratings lowered shares of Canadian Solar from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday. Three research 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. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $17.75.

Canadian Solar News Summary

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 Stock Performance

Shares of CSIQ opened at $13.14 on Friday. 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 company has a market capitalization of $892.21 million, a price-to-earnings ratio of -3.42 and a beta of 1.52. The stock has a 50 day moving average of $14.95 and a 200 day moving average of $16.09. Canadian Solar Inc. has a 12 month low of $9.41 and a 12 month high of $34.59.

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 for the quarter, missing the consensus estimate of ($0.18) by ($1.22). The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.17 billion. Canadian Solar had a negative return on equity of 5.55% and a negative net margin of 3.73%.The firm's revenue for the quarter was down 28.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.53) EPS. As a group, sell-side analysts forecast that Canadian Solar Inc. will post -1.81 earnings per share for the current year.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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