Wellington Management Group LLP Invests $1.02 Billion in Canadian Solar Inc. $CSIQ

Key Points

• Wellington Management disclosed a new $1.02 billion stake in Canadian Solar, purchasing 8.54 million shares and owning approximately 12.57% of the company. Institutional investors collectively hold 52.36% of CSIQ.
• Canadian Solar’s second-quarter revenue of $1.21 billion exceeded estimates, while energy-storage shipments rose 73% year over year to 3.7 GWh. However, the company reported a much wider-than-expected loss of $1.40 per share, with revenue down 28.7% year over year.
• Near-term sentiment remains cautious: third-quarter revenue guidance of $1.3–$1.5 billion fell below the $1.7 billion consensus, and analysts’ average rating is “Reduce” with a $17.75 target price; GLJ Research maintained a sell rating with a $5.58 target.

Wellington Management Group LLP bought a new stake in shares of Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,537,192 shares of the solar energy provider's stock, valued at approximately $1,018,259,000. Wellington Management Group LLP owned approximately 12.57% of Canadian Solar at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CSIQ. Kingsview Wealth Management LLC bought a new position in Canadian Solar in the second quarter worth about $357,000. Beacon Pointe Advisors LLC bought a new stake in Canadian Solar during the 2nd quarter valued at approximately $1,339,000. Glenview Trust Co bought a new stake in Canadian Solar during the 2nd quarter valued at approximately $359,000. United Capital Financial Advisors LLC purchased a new position in shares of Canadian Solar during the 2nd quarter worth approximately $460,000. Finally, Ruggaard & Associates LLC purchased a new position in shares of Canadian Solar during the 2nd quarter worth approximately $513,000. Hedge funds and other institutional investors own 52.36% of the company's stock.

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 Price Performance

CSIQ stock opened at $13.14 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 1.06. The firm has a 50 day moving average price of $14.95 and a 200-day moving average price of $16.09. Canadian Solar Inc. has a 52-week low of $9.41 and a 52-week high of $34.59. The firm has a market capitalization of $892.21 million, a price-to-earnings ratio of -3.42 and a beta of 1.52.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last posted its quarterly earnings results 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). Canadian Solar had a negative return on equity of 5.55% and a negative net margin of 3.73%.The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the company earned ($0.53) EPS. The business's quarterly revenue was down 28.7% on a year-over-year basis. Equities research analysts forecast that Canadian Solar Inc. will post -1.81 EPS for the current fiscal year.

Analysts Set New Price Targets

CSIQ has been the subject of several research reports. Freedom Capital lowered Canadian Solar from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 19th. Glj Research restated a "sell" rating and set a $5.58 price target on shares of Canadian Solar in a research report on Thursday. Wall Street Zen cut Canadian Solar from a "sell" rating to a "strong sell" rating in a research note on Saturday. Roth Capital set a $15.00 price objective on Canadian Solar in a report on Friday. Finally, Mizuho lowered their price objective on Canadian Solar from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price 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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