Canadian Solar Q1 EPS Forecast Lowered by Zacks Research

Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) - Stock analysts at Zacks Research cut their Q1 2025 earnings estimates for Canadian Solar in a research note issued to investors on Tuesday, April 15th. Zacks Research analyst R. Department now anticipates that the solar energy provider will post earnings of ($1.22) per share for the quarter, down from their prior estimate of ($0.55). 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 Q2 2025 earnings at ($0.18) EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.89 EPS, FY2025 earnings at ($0.26) EPS, Q2 2026 earnings at $0.13 EPS, Q3 2026 earnings at $0.48 EPS, Q4 2026 earnings at $0.51 EPS and FY2027 earnings at $1.73 EPS.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.57 billion. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. During the same period in the prior year, the firm posted ($0.02) earnings per share. The business's revenue for the quarter was down 1.8% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company reduced their target price on Canadian Solar from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group cut their target price on shares of Canadian Solar from $11.00 to $9.00 and set a "sell" rating for the company in a research note on Wednesday, March 26th. StockNews.com lowered shares of Canadian Solar from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Finally, Citigroup raised shares of Canadian Solar from a "sell" rating to a "neutral" rating and set a $8.00 target price for the company in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Canadian Solar has a consensus rating of "Hold" and a consensus price target of $17.54.

Canadian Solar Price Performance

NASDAQ:CSIQ traded up $0.58 during mid-day trading on Thursday, hitting $7.90. 1,220,823 shares of the company's stock traded hands, compared to its average volume of 1,870,722. Canadian Solar has a 1 year low of $6.57 and a 1 year high of $21.05. The company has a market cap of $522.33 million, a PE ratio of -65.92, a price-to-earnings-growth ratio of 0.74 and a beta of 1.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.06. The firm's 50 day simple moving average is $9.32 and its 200 day simple moving average is $11.15.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. USCF Advisers LLC raised its stake in Canadian Solar by 66.7% during the fourth quarter. USCF Advisers LLC now owns 2,500 shares of the solar energy provider's stock valued at $28,000 after buying an additional 1,000 shares in the last quarter. Wells Fargo & Company MN increased its stake 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 valued at $57,000 after purchasing an additional 3,347 shares during the last quarter. Sciencast Management LP bought a new position in shares of Canadian Solar in the 4th quarter worth about $113,000. Miracle Mile Advisors LLC acquired a new position in shares of Canadian Solar in the 4th quarter valued at about $133,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Canadian Solar during the 4th quarter valued at about $177,000. 52.36% of the stock is currently owned by institutional investors.

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.