Canadian Solar - CSIQ Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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4 Wall Street analysts have issued 12-month price targets for Canadian Solar's stock. Their CSIQ share price forecasts range from $38.00 to $48.00. On average, they anticipate the company's share price to reach $43.75 in the next twelve months. This suggests a possible upside of 17.4% from the stock's current price.
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Canadian Solar's stock was trading at $31.29 on January 1st, 2022. Since then, CSIQ stock has increased by 19.0% and is now trading at $37.25.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our CSIQ earnings forecast.

Canadian Solar Inc. (NASDAQ:CSIQ) announced its earnings results on Thursday, August, 18th. The solar energy provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.37. The solar energy provider earned $2.31 billion during the quarter, compared to analysts' expectations of $2.23 billion. Canadian Solar had a trailing twelve-month return on equity of 5.81% and a net margin of 2.29%. The business's quarterly revenue was up 61.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS.

Canadian Solar updated its third quarter 2022 earnings guidance on Thursday, September, 15th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.00 billion-$2.10 billion, compared to the consensus revenue estimate of $1.95 billion.

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 trades on the NASDAQ under the ticker symbol "CSIQ."

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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One share of CSIQ stock can currently be purchased for approximately $37.25.

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $2.39 billion and generates $5.28 billion in revenue each year. The solar energy provider earns $95.25 million in net income (profit) each year or $2.12 on an earnings per share basis.

The company employs 13,535 workers across the globe.

Canadian Solar's mailing address is 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, N1K 1E6. The official website for the company is www.canadiansolar.com. The solar energy provider can be reached via phone at (519) 837-1881, via email at investor@canadiansolar.com, or via fax at 519-837-2550.