Zacks Research Forecasts Lower Earnings for Canadian Solar

Canadian Solar Inc. (NASDAQ:CSIQ) – Stock analysts at Zacks Research lowered their Q1 2025 earnings per share estimates for shares of Canadian Solar in a report issued on Tuesday, April 15th. Zacks Research analyst R. Department now expects that the solar energy provider will earn ($1.22) per share for the quarter, down from their previous forecast of ($0.55). 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 Q2 2025 earnings at ($0.18) EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.89 EPS, FY2025 earnings at ($0.26) EPS, Q2 2026 earnings at $0.13 EPS, Q3 2026 earnings at $0.48 EPS, Q4 2026 earnings at $0.51 EPS and FY2027 earnings at $1.73 EPS.

A number of other equities analysts have also weighed in on CSIQ. Citigroup upgraded Canadian Solar from a “sell” rating to a “neutral” rating and set a $8.00 price objective for the company in a research note on Thursday. StockNews.com downgraded Canadian Solar from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Wells Fargo & Company lowered their price objective 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, The Goldman Sachs Group cut their target price on shares of Canadian Solar from $11.00 to $9.00 and set a “sell” rating for the company in a report on Wednesday, March 26th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.54.

Canadian Solar Trading Up 3.9 %

Shares of Canadian Solar stock opened at $7.46 on Thursday. The stock has a market cap of $493.55 million, a PE ratio of -62.17, a price-to-earnings-growth ratio of 0.74 and a beta of 1.33. The firm has a fifty day moving average price of $9.37 and a 200 day moving average price of $11.27. Canadian Solar has a 1 year low of $6.57 and a 1 year high of $21.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.85.

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

Institutional Investors Weigh In On Canadian Solar

Several institutional investors have recently bought and sold shares of CSIQ. USCF Advisers LLC lifted its position in shares of Canadian Solar by 66.7% in the fourth quarter. USCF Advisers LLC now owns 2,500 shares of the solar energy provider’s stock valued at $28,000 after acquiring an additional 1,000 shares in the last quarter. Wells Fargo & Company MN raised its stake in Canadian Solar by 184.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,166 shares of the solar energy provider’s stock valued at $57,000 after purchasing an additional 3,347 shares during the last quarter. Sciencast Management LP purchased a new position in Canadian Solar in the 4th quarter valued at $113,000. Miracle Mile Advisors LLC acquired a new stake in Canadian Solar during the 4th quarter worth $133,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Canadian Solar during the fourth quarter worth $177,000. 52.36% of the stock is currently owned by institutional investors and hedge funds.

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.