Canadian Solar Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Canadian Solar stock. 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.
View analyst ratings for Canadian Solar or view top-rated stocks.

5 Wall Street analysts have issued 1 year price targets for Canadian Solar's stock. Their CSIQ stock forecasts range from $18.00 to $47.00. On average, they expect Canadian Solar's stock price to reach $38.60 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
View analysts' price targets for Canadian Solar or view top-rated stocks among Wall Street analysts.

Canadian Solar's stock was trading at $31.29 at the beginning of 2022. Since then, CSIQ shares have increased by 4.5% and is now trading at $32.69.
View the best growth stocks for 2022 here.

Canadian Solar is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for Canadian Solar.

Canadian Solar Inc. (NASDAQ:CSIQ) issued its quarterly earnings data on Tuesday, May, 24th. The solar energy provider reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.31. The solar energy provider earned $1.25 billion during the quarter, compared to analysts' expectations of $1.31 billion. Canadian Solar had a net margin of 1.50% and a trailing twelve-month return on equity of 2.86%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share.
View Canadian Solar's earnings history.

Canadian Solar updated its second quarter 2022 earnings guidance on Tuesday, June, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.20 billion-$2.30 billion, compared to the consensus revenue estimate of $1.75 billion.

36 employees have rated Canadian Solar CEO Shawn X. Qu on Glassdoor.com. Shawn X. Qu has an approval rating of 74% among Canadian Solar's employees.

Some companies that are related to Canadian Solar include First Solar (FSLR), Lattice Semiconductor (LSCC), Dialog Semiconductor (DLGNF), AU Optronics (AUOTY), Silicon Laboratories (SLAB), Daqo New Energy (DQ), CMC Materials (CCMP), Synaptics (SYNA), IPG Photonics (IPGP), Sumco (SUOPY), Power Integrations (POWI), Amkor Technology (AMKR), Cirrus Logic (CRUS), Allegro MicroSystems (ALGM) and BE Semiconductor Industries (BESIY).
View all of CSIQ's competitors.

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."

Canadian Solar's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.10%), Mackenzie Financial Corp (4.34%), Invesco Ltd. (4.16%), Vanguard Group Inc. (2.84%), Guinness Asset Management LTD (1.36%) and DNB Asset Management AS (1.33%).

CSIQ stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Invesco Ltd., Jane Street Group LLC, Group One Trading L.P., Burney Co., First Trust Advisors LP, DNB Asset Management AS, and Goldman Sachs Group Inc..

CSIQ stock was acquired by a variety of institutional investors in the last quarter, including PEAK6 Investments LLC, Broad Peak Investment Holdings Ltd., Vontobel Holding Ltd., PDT Partners LLC, Mackenzie Financial Corp, Russell Investments Group Ltd., Capital Fund Management S.A., and Eaton Vance Management.

Shares of CSIQ 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.
Compare Top Brokerages Here.

One share of CSIQ stock can currently be purchased for approximately $32.69.

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $1.96 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 $1.23 on an earnings per share basis.

Canadian Solar employs 13,535 workers across the globe.

Canadian Solar was founded in 2001.

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