Canadian Solar FY2026 EPS Estimate Cut by Zacks Research

Canadian Solar Inc. (NASDAQ:CSIQ) – Zacks Research reduced their FY2026 earnings per share estimates for Canadian Solar in a research note issued on Tuesday, April 15th. Zacks Research analyst R. Department now expects that the solar energy provider will post earnings of $0.90 per share for the year, down from their prior estimate of $0.96. The consensus estimate for Canadian Solar’s current full-year earnings is ($0.23) per share. Zacks Research also issued estimates for Canadian Solar’s Q1 2027 earnings at ($0.10) EPS.

A number of other equities research analysts have also issued reports on CSIQ. The Goldman Sachs Group decreased their target price on shares of Canadian Solar from $11.00 to $9.00 and set a “sell” rating for the company in a research note on Wednesday, March 26th. StockNews.com downgraded Canadian Solar from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Wells Fargo & Company dropped their target price on Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup upgraded Canadian Solar from a “sell” rating to a “neutral” rating and set a $8.00 price target for the company in a report on Thursday. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.54.

Canadian Solar Stock Performance

Shares of CSIQ opened at $7.46 on Wednesday. The company has a market capitalization of $493.55 million, a PE ratio of -62.17, a PEG ratio of 0.74 and a beta of 1.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.06. The company’s 50 day moving average price is $9.42 and its 200 day moving average price is $11.33. Canadian Solar has a 52 week low of $6.57 and a 52 week high of $21.05.

Canadian Solar (NASDAQ:CSIQ) last announced its quarterly earnings data on Tuesday, March 25th. The solar energy provider reported ($1.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($1.26). The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.57 billion. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share.

Institutional Investors Weigh In On Canadian Solar

A number of hedge funds have recently bought and sold shares of CSIQ. Charles Schwab Investment Management Inc. lifted its position in shares of Canadian Solar by 59.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 180,792 shares of the solar energy provider’s stock worth $2,010,000 after purchasing an additional 67,331 shares during the last quarter. Shah Capital Management increased its position in Canadian Solar by 825.6% in the 4th quarter. Shah Capital Management now owns 1,745,546 shares of the solar energy provider’s stock worth $19,410,000 after buying an additional 1,556,964 shares during the period. Barclays PLC lifted its holdings in shares of Canadian Solar by 494.4% during the third quarter. Barclays PLC now owns 115,328 shares of the solar energy provider’s stock worth $1,932,000 after buying an additional 95,924 shares during the last quarter. Waterfront Wealth Inc. lifted its holdings in shares of Canadian Solar by 16.9% during the fourth quarter. Waterfront Wealth Inc. now owns 185,175 shares of the solar energy provider’s stock worth $2,059,000 after buying an additional 26,778 shares during the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in shares of Canadian Solar in the fourth quarter valued at approximately $7,738,000. 52.36% of the stock is currently owned by 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.