Canadian Solar - CSIQ Stock Forecast, Price & News

5 Wall Street 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 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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5 analysts have issued 1 year price objectives for Canadian Solar's shares. Their CSIQ share price forecasts range from $36.00 to $46.00. On average, they predict the company's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
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Canadian Solar's stock was trading at $30.90 at the start of the year. Since then, CSIQ shares have increased by 25.0% and is now trading at $38.62.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
View our CSIQ earnings forecast.

Canadian Solar Inc. (NASDAQ:CSIQ) released its quarterly earnings data on Tuesday, March, 21st. The solar energy provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.48 by $0.63. The solar energy provider had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.97 billion. Canadian Solar had a net margin of 3.21% and a trailing twelve-month return on equity of 11.30%. The firm's revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share.

ETFs with the largest weight of Canadian Solar (NASDAQ:CSIQ) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SmartETFs Sustainable Energy II ETF (SOLR), SPDR S&P Kensho Clean Power ETF (CNRG), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), Invesco Solar ETF (TAN), Fidelity Clean Energy ETF (FRNW), AXS Green Alpha ETF (NXTE) and Global X Clean Tech ETF (CTEC).

Canadian Solar issued an update on its FY 2023 earnings guidance on Tuesday, March, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.50 billion-$9.50 billion, compared to the consensus revenue estimate of $9.88 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 many different retail and institutional investors. Top institutional investors include Handelsbanken Fonder AB (3.25%), Mackenzie Financial Corp (3.16%), Schroder Investment Management Group (2.99%), Group One Trading L.P. (0.00%), Susquehanna International Group LLP (0.00%) and Guinness Asset Management LTD (1.44%).

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 $38.62.

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $2.48 billion and generates $7.47 billion in revenue each year. The solar energy provider earns $95.25 million in net income (profit) each year or $3.44 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.