FY2026 Earnings Estimate for Canadian Solar Inc. (NASDAQ:CSIQ) Issued By Zacks Research

Canadian Solar Inc. (NASDAQ:CSIQ) – Investment analysts at Zacks Research reduced their FY2026 earnings per share (EPS) estimates for shares of Canadian Solar in a report released on Tuesday, October 8th. Zacks Research analyst R. Department now forecasts that the solar energy provider will earn $1.97 per share for the year, down from their previous forecast of $1.98. The consensus estimate for Canadian Solar’s current full-year earnings is $0.12 per share.

CSIQ has been the topic of several other research reports. JPMorgan Chase & Co. boosted their target price on Canadian Solar from $17.00 to $20.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group dropped their target price on Canadian Solar from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 26th. Roth Mkm dropped their target price on Canadian Solar from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. UBS Group dropped their target price on Canadian Solar from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Finally, Glj Research upped their price target on Canadian Solar from $9.10 to $12.28 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.33.

Canadian Solar Stock Performance

NASDAQ CSIQ opened at $15.06 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $14.10 and its two-hundred day moving average is $15.87. Canadian Solar has a 12-month low of $11.41 and a 12-month high of $26.85. The stock has a market capitalization of $996.35 million, a price-to-earnings ratio of 5.23, a PEG ratio of 4.71 and a beta of 1.31.

Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings data on Thursday, August 22nd. The solar energy provider reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. Canadian Solar had a return on equity of 0.99% and a net margin of 0.56%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business earned $2.39 EPS. The firm’s revenue was down 30.8% compared to the same quarter last year.

Institutional Investors Weigh In On Canadian Solar

A number of institutional investors and hedge funds have recently bought and sold shares of CSIQ. Green Alpha Advisors LLC lifted its stake in Canadian Solar by 1.9% in the 1st quarter. Green Alpha Advisors LLC now owns 41,136 shares of the solar energy provider’s stock valued at $813,000 after buying an additional 766 shares in the last quarter. Summit Place Financial Advisors LLC lifted its stake in Canadian Solar by 7.8% in the 1st quarter. Summit Place Financial Advisors LLC now owns 33,013 shares of the solar energy provider’s stock valued at $652,000 after buying an additional 2,400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Canadian Solar by 26.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,929 shares of the solar energy provider’s stock valued at $1,342,000 after buying an additional 14,368 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Canadian Solar by 30.9% in the 1st quarter. BNP Paribas Financial Markets now owns 198,646 shares of the solar energy provider’s stock valued at $3,925,000 after buying an additional 46,888 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Canadian Solar by 9.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,291 shares of the solar energy provider’s stock valued at $302,000 after buying an additional 1,283 shares in the last quarter. Hedge funds and other institutional investors own 52.36% of the company’s stock.

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.