Canadian Solar Stock Price, News & Analysis (NASDAQ:CSIQ)

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CSIQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSIQ, but not buy additional shares or sell existing shares.
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7 Wall Street analysts have issued twelve-month price objectives for Canadian Solar's shares. Their CSIQ share price targets range from $22.00 to $51.00. On average, they predict the company's stock price to reach $37.75 in the next year. This suggests a possible upside of 82.5% from the stock's current price.
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Canadian Solar's stock was trading at $30.90 at the beginning of 2023. Since then, CSIQ shares have decreased by 33.1% and is now trading at $20.68.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 19th 2024.
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Canadian Solar Inc. (NASDAQ:CSIQ) announced its quarterly earnings results on Tuesday, November, 14th. The solar energy provider reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by $0.50. The solar energy provider earned $1.85 billion during the quarter, compared to analysts' expectations of $2.03 billion. Canadian Solar had a trailing twelve-month return on equity of 11.98% and a net margin of 4.48%. Canadian Solar's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the firm earned $1.12 earnings per share.

ETFs with the largest weight of Canadian Solar (NASDAQ:CSIQ) stock in their portfolio include SmartETFs Sustainable Energy II ETF (SOLR), ProShares S&P Kensho Cleantech ETF (CTEX), Subversive Decarbonization ETF (DKRB), Invesco Solar ETF (TAN), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG) and SPDR S&P Kensho Clean Power ETF (CNRG).

55 employees have rated Canadian Solar Chief Executive Officer Shawn X. Qu on Glassdoor.com. Shawn X. Qu has an approval rating of 74% among the company's employees. 58.0% of employees surveyed would recommend working at Canadian Solar to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Solar investors own include Micron Technology (MU), First Solar (FSLR), Tesla (TSLA), Gilead Sciences (GILD), Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Advanced Micro Devices (AMD) and SunPower (SPWR).

Canadian Solar's stock is owned by many different retail and institutional investors. Top institutional investors include Grantham Mayo Van Otterloo & Co. LLC (5.83%), Mackenzie Financial Corp (4.82%), Invesco Ltd. (2.93%), Handelsbanken Fonder AB (2.48%), Schroder Investment Management Group (2.11%) and Guinness Asset Management LTD (1.73%).

Shares of CSIQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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