Zacks Research Equities Analysts Increase Earnings Estimates for Canadian Solar Inc. (NASDAQ:CSIQ)

Canadian Solar Inc. (NASDAQ:CSIQ) – Zacks Research upped their FY2025 earnings per share (EPS) estimates for shares of Canadian Solar in a research report issued on Tuesday, April 30th. Zacks Research analyst R. Department now anticipates that the solar energy provider will post earnings per share of $3.65 for the year, up from their previous forecast of $3.63. The consensus estimate for Canadian Solar’s current full-year earnings is $2.58 per share. Zacks Research also issued estimates for Canadian Solar’s Q4 2025 earnings at $1.09 EPS and Q1 2026 earnings at $0.90 EPS.

A number of other equities research analysts have also issued reports on the company. StockNews.com raised Canadian Solar from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Daiwa Capital Markets began coverage on Canadian Solar in a research report on Monday, March 11th. They set a “neutral” rating and a $21.00 price objective for the company. Citigroup reduced their target price on shares of Canadian Solar from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, March 15th. The Goldman Sachs Group cut their price objective on shares of Canadian Solar from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, March 15th. Finally, Wells Fargo & Company decreased their target price on shares of Canadian Solar from $28.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Canadian Solar presently has an average rating of “Hold” and an average target price of $31.78.

Canadian Solar Stock Performance

Shares of CSIQ opened at $16.79 on Friday. The company has a 50-day moving average of $18.15 and a two-hundred day moving average of $20.88. The stock has a market cap of $1.11 billion, a P/E ratio of 4.33, a PEG ratio of 0.26 and a beta of 1.29. Canadian Solar has a 12-month low of $14.11 and a 12-month high of $45.29. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45.

Canadian Solar (NASDAQ:CSIQ) last announced its quarterly earnings results on Thursday, March 14th. The solar energy provider reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Canadian Solar had a return on equity of 8.31% and a net margin of 3.60%. The business’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same quarter last year, the business posted $1.11 earnings per share.

Institutional Trading of Canadian Solar

Institutional investors have recently made changes to their positions in the stock. Adirondack Trust Co. increased its position in Canadian Solar by 200.0% during the 3rd quarter. Adirondack Trust Co. now owns 1,500 shares of the solar energy provider’s stock worth $37,000 after purchasing an additional 1,000 shares in the last quarter. USCF Advisers LLC raised its stake in shares of Canadian Solar by 87.5% in the 4th quarter. USCF Advisers LLC now owns 1,500 shares of the solar energy provider’s stock valued at $39,000 after acquiring an additional 700 shares during the period. Assetmark Inc. boosted its position in Canadian Solar by 71.2% during the 3rd quarter. Assetmark Inc. now owns 2,387 shares of the solar energy provider’s stock worth $59,000 after purchasing an additional 993 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Canadian Solar in the 3rd quarter valued at $93,000. Finally, Daiwa Securities Group Inc. raised its position in Canadian Solar by 72.1% in the first quarter. Daiwa Securities Group Inc. now owns 7,400 shares of the solar energy provider’s stock valued at $146,000 after purchasing an additional 3,100 shares during the period. 52.36% of the stock is owned by hedge funds and other institutional investors.

Canadian Solar Company Profile

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.