Canadian Solar Inc. Forecasted to Earn FY2025 Earnings of $3.65 Per Share (NASDAQ:CSIQ)

Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) - Research analysts at Zacks Research raised their FY2025 earnings per share (EPS) estimates for shares of Canadian Solar in a research report issued on Tuesday, April 30th. Zacks Research analyst R. Department now forecasts that the solar energy provider will post earnings of $3.65 per share for the year, up from their previous forecast of $3.63. The consensus estimate for Canadian Solar's current full-year earnings is $2.58 per share. Zacks Research also issued estimates for Canadian Solar's Q4 2025 earnings at $1.09 EPS and Q1 2026 earnings at $0.90 EPS.

CSIQ has been the subject of several other research reports. The Goldman Sachs Group cut their price target on Canadian Solar from $28.00 to $24.00 and set a "neutral" rating for the company in a report on Friday, March 15th. Citigroup reduced their price objective on Canadian Solar from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Friday, March 15th. Wells Fargo & Company lowered their target price on Canadian Solar from $28.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 19th. Daiwa Capital Markets initiated coverage on Canadian Solar in a report on Monday, March 11th. They set a "neutral" rating and a $21.00 target price for the company. Finally, StockNews.com raised shares of Canadian Solar from a "sell" rating to a "hold" rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Solar currently has a consensus rating of "Hold" and a consensus price target of $31.78.

Canadian Solar Stock Performance

NASDAQ:CSIQ traded up $0.23 on Friday, hitting $16.79. The company's stock had a trading volume of 1,089,611 shares, compared to its average volume of 1,431,888. Canadian Solar has a one year low of $14.11 and a one year high of $45.29. The firm has a market capitalization of $1.11 billion, a P/E ratio of 4.33, a price-to-earnings-growth ratio of 0.25 and a beta of 1.29. The stock has a fifty day moving average of $18.24 and a two-hundred day moving average of $20.92. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45.

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

Institutional Investors Weigh In On Canadian Solar

A number of hedge funds and other institutional investors have recently bought and sold shares of CSIQ. Adirondack Trust Co. lifted its position in shares of Canadian Solar by 200.0% in the 3rd quarter. Adirondack Trust Co. now owns 1,500 shares of the solar energy provider's stock worth $37,000 after purchasing an additional 1,000 shares during the period. USCF Advisers LLC raised its position in shares of Canadian Solar by 87.5% in the 4th quarter. USCF Advisers LLC now owns 1,500 shares of the solar energy provider's stock worth $39,000 after acquiring an additional 700 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Canadian Solar by 71.2% in the 3rd quarter. Assetmark Inc. now owns 2,387 shares of the solar energy provider's stock valued at $59,000 after purchasing an additional 993 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Canadian Solar in the third quarter worth approximately $93,000. Finally, Daiwa Securities Group Inc. boosted its stake in Canadian Solar by 72.1% during the first quarter. Daiwa Securities Group Inc. now owns 7,400 shares of the solar energy provider's stock worth $146,000 after acquiring an additional 3,100 shares in the last quarter. 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.