Canadian Solar - CSIQ Stock Forecast, Price & News

5 Wall Street 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 2 buy ratings 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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5 analysts have issued 12 month target prices for Canadian Solar's stock. Their CSIQ share price forecasts range from $33.00 to $45.00. On average, they anticipate the company's stock price to reach $39.00 in the next twelve months. This suggests that the stock has a possible downside of 4.0%.
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Canadian Solar's stock was trading at $30.90 at the beginning of the year. Since then, CSIQ shares have increased by 31.5% and is now trading at $40.63.
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Canadian Solar saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,900,000 shares, an increase of 8.0% from the December 31st total of 3,610,000 shares. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is presently 3.8 days. Approximately 7.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
View our CSIQ earnings forecast.

Canadian Solar Inc. (NASDAQ:CSIQ) announced its earnings results on Tuesday, November, 22nd. The solar energy provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.54. The solar energy provider earned $1.93 billion during the quarter, compared to the consensus estimate of $2.07 billion. Canadian Solar had a trailing twelve-month return on equity of 8.12% and a net margin of 2.68%. The company's quarterly revenue was up 57.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share.

Canadian Solar issued an update on its fourth quarter 2022 earnings guidance on Thursday, December, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.80 billion-$1.90 billion, compared to the consensus revenue estimate of $2.11 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."

Canadian Solar's stock is owned by a number of retail and institutional investors. Top institutional investors include Guinness Asset Management LTD (1.44%), DNB Asset Management AS (0.84%), Simplex Trading LLC (0.00%), Waterfront Wealth Inc. (0.06%), Green Alpha Advisors LLC (0.06%) and Zurcher Kantonalbank Zurich Cantonalbank (0.04%).

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 $40.63.

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $2.61 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 $2.72 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.