Canadian Solar (NASDAQ:CSIQ) Announces Earnings Results

Canadian Solar (NASDAQ:CSIQ - Get Free Report) issued its quarterly earnings results on Tuesday. The solar energy provider reported ($1.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($1.26), Zacks reports. The company 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) EPS. Canadian Solar updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Canadian Solar Trading Down 3.8 %

Shares of Canadian Solar stock traded down $0.36 during midday trading on Friday, reaching $9.23. The company had a trading volume of 1,878,199 shares, compared to its average volume of 1,851,608. The stock has a fifty day moving average price of $10.26 and a 200 day moving average price of $12.04. Canadian Solar has a fifty-two week low of $9.13 and a fifty-two week high of $21.05. The firm has a market cap of $610.65 million, a PE ratio of -76.92, a P/E/G ratio of 0.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.85.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CSIQ shares. Citigroup dropped their target price on shares of Canadian Solar from $12.00 to $11.00 and set a "sell" rating for the company in a research report on Wednesday. Mizuho initiated coverage on Canadian Solar in a research note on Friday, December 13th. They set an "outperform" rating and a $20.00 target price for the company. The Goldman Sachs Group decreased their price target on Canadian Solar from $11.00 to $9.00 and set a "sell" rating on the stock in a research note on Wednesday. StockNews.com downgraded Canadian Solar from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company decreased 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. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Canadian Solar presently has a consensus rating of "Hold" and a consensus price target of $17.84.

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.