Zacks Research Weighs in on Canadian Solar Inc.'s FY2026 Earnings (NASDAQ:CSIQ)

Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) - Investment analysts at Zacks Research dropped their FY2026 earnings per share estimates for shares of Canadian Solar in a research report issued to clients and investors on Tuesday, April 30th. Zacks Research analyst R. Department now forecasts that the solar energy provider will post earnings of $5.00 per share for the year, down from their prior forecast of $5.01. The consensus estimate for Canadian Solar's current full-year earnings is $2.58 per share.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The solar energy provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.11. Canadian Solar had a return on equity of 8.31% and a net margin of 3.60%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. Canadian Solar's revenue for the quarter was down 13.7% on a year-over-year basis.

Other equities analysts also recently issued research reports about the company. Daiwa Capital Markets began coverage on Canadian Solar in a research note on Monday, March 11th. They issued a "neutral" rating and a $21.00 price objective on the stock. StockNews.com upgraded Canadian Solar from a "sell" rating to a "hold" rating in a research note on Thursday, April 11th. Wells Fargo & Company dropped their target price on Canadian Solar from $28.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 19th. Citigroup dropped their target price on Canadian Solar from $26.00 to $24.00 and set a "neutral" rating on the stock in a research report on Friday, March 15th. Finally, The Goldman Sachs Group dropped their target price on Canadian Solar from $28.00 to $24.00 and set a "neutral" rating on the stock in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $31.78.

Canadian Solar Stock Performance

Canadian Solar stock traded up $0.21 during trading on Thursday, hitting $16.56. The stock had a trading volume of 1,165,347 shares, compared to its average volume of 1,435,909. Canadian Solar has a 1 year low of $14.11 and a 1 year high of $45.29. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The stock's 50 day moving average is $18.33 and its two-hundred day moving average is $20.95. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 4.14, a price-to-earnings-growth ratio of 0.25 and a beta of 1.29.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in shares of Canadian Solar by 72.1% in the first quarter. Daiwa Securities Group Inc. now owns 7,400 shares of the solar energy provider's stock worth $146,000 after purchasing an additional 3,100 shares during the period. Capstone Investment Advisors LLC increased its holdings in shares of Canadian Solar by 172.9% in the first quarter. Capstone Investment Advisors LLC now owns 37,370 shares of the solar energy provider's stock worth $738,000 after purchasing an additional 23,676 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Canadian Solar by 9.2% in the first quarter. Janney Montgomery Scott LLC now owns 15,291 shares of the solar energy provider's stock worth $302,000 after purchasing an additional 1,283 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Canadian Solar by 30.9% in the first quarter. BNP Paribas Financial Markets now owns 198,646 shares of the solar energy provider's stock worth $3,925,000 after purchasing an additional 46,888 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Canadian Solar by 26.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,929 shares of the solar energy provider's stock worth $1,342,000 after purchasing an additional 14,368 shares during the period. Institutional investors own 52.36% of the company's stock.

Canadian Solar Company Profile

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.