Zacks Research Forecasts Lower Earnings for Canadian Solar

Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) - Equities researchers at Zacks Research dropped their FY2026 earnings estimates for shares of Canadian Solar in a note issued to investors on Tuesday, April 15th. Zacks Research analyst R. Department now expects that the solar energy provider will post earnings per share of $0.90 for the year, down from their previous forecast of $0.96. The consensus estimate for Canadian Solar's current full-year earnings is ($0.23) per share. Zacks Research also issued estimates for Canadian Solar's Q1 2027 earnings at ($0.10) EPS.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The solar energy provider reported ($1.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($1.26). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.57 billion. Canadian Solar had a net margin of 0.01% and a return on equity of 0.02%. Canadian Solar's quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned ($0.02) EPS.

A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Canadian Solar from $11.00 to $9.00 and set a "sell" rating for the company in a report on Wednesday, March 26th. Citigroup upgraded shares of Canadian Solar from a "sell" rating to a "neutral" rating and set a $8.00 target price for the company in a report on Thursday. StockNews.com lowered shares of Canadian Solar from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their price objective on shares of Canadian Solar from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.54.

Canadian Solar Stock Down 3.4 %

NASDAQ CSIQ traded down $0.25 during trading hours on Wednesday, reaching $7.21. 333,435 shares of the company's stock were exchanged, compared to its average volume of 1,870,399. The company's 50-day moving average is $9.37 and its two-hundred day moving average is $11.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.06. Canadian Solar has a one year low of $6.57 and a one year high of $21.05. The company has a market capitalization of $477.01 million, a price-to-earnings ratio of -60.08, a price-to-earnings-growth ratio of 0.74 and a beta of 1.33.

Hedge Funds Weigh In On Canadian Solar

A number of large investors have recently made changes to their positions in the company. USCF Advisers LLC lifted its holdings in shares of Canadian Solar by 66.7% during the fourth quarter. USCF Advisers LLC now owns 2,500 shares of the solar energy provider's stock worth $28,000 after buying an additional 1,000 shares in the last quarter. Wells Fargo & Company MN increased its position in Canadian Solar by 184.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,166 shares of the solar energy provider's stock worth $57,000 after acquiring an additional 3,347 shares during the period. Sciencast Management LP bought a new stake in Canadian Solar in the 4th quarter valued at about $113,000. Miracle Mile Advisors LLC acquired a new position in shares of Canadian Solar during the 4th quarter worth approximately $133,000. Finally, Hsbc Holdings PLC bought a new position in shares of Canadian Solar during the fourth quarter worth approximately $177,000. Institutional investors own 52.36% of the company's stock.

About Canadian Solar

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.