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

Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) - Analysts at Zacks Research cut their Q1 2025 EPS estimates for shares of Canadian Solar in a research report issued on Tuesday, June 25th. Zacks Research analyst R. Department now forecasts that the solar energy provider will post earnings per share of ($0.02) for the quarter, down from their previous forecast of $0.12. The consensus estimate for Canadian Solar's current full-year earnings is $2.07 per share. Zacks Research also issued estimates for Canadian Solar's Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.80 EPS, Q4 2025 earnings at $0.81 EPS, FY2025 earnings at $2.07 EPS and FY2026 earnings at $5.10 EPS.

A number of other brokerages also recently weighed in on CSIQ. Wells Fargo & Company dropped their price objective on 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. Citigroup reduced their price objective on shares of Canadian Solar from $26.00 to $24.00 and set a "neutral" rating for the company in a research note on Friday, March 15th. Daiwa Capital Markets began coverage on shares of Canadian Solar in a research note on Monday, March 11th. They issued a "neutral" rating and a $21.00 target price for the company. UBS Group reduced their price target 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, The Goldman Sachs Group lowered their price objective on Canadian Solar from $28.00 to $24.00 and set a "neutral" rating for the company in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $28.89.

Canadian Solar Stock Down 4.8 %

Canadian Solar stock traded down $0.75 during mid-day trading on Friday, reaching $14.75. 1,934,459 shares of the company were exchanged, compared to its average volume of 1,558,651. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.79 and a current ratio of 1.02. The firm has a market cap of $975.85 million, a P/E ratio of 5.12, a PEG ratio of 0.30 and a beta of 1.35. The business has a fifty day moving average of $16.91 and a 200 day moving average of $19.81. Canadian Solar has a 12-month low of $14.11 and a 12-month high of $39.61.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The solar energy provider reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.20. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. Canadian Solar had a net margin of 2.80% and a return on equity of 5.61%. The firm's revenue for the quarter was down 21.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share.

Institutional Investors Weigh In On Canadian Solar

A number of institutional investors and hedge funds have recently modified their holdings of the company. USCF Advisers LLC boosted its stake in shares of Canadian Solar by 87.5% in the fourth quarter. USCF Advisers LLC now owns 1,500 shares of the solar energy provider's stock worth $39,000 after buying an additional 700 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Canadian Solar by 72.1% during the 1st 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 in the last quarter. Private Advisor Group LLC acquired a new position in shares of Canadian Solar in the 4th quarter valued at $201,000. Janney Montgomery Scott LLC boosted its holdings in Canadian Solar by 9.2% during the first quarter. Janney Montgomery Scott LLC now owns 15,291 shares of the solar energy provider's stock worth $302,000 after buying an additional 1,283 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Canadian Solar by 8.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 12,481 shares of the solar energy provider's stock valued at $326,000 after buying an additional 928 shares during the period. Institutional investors and hedge funds own 52.36% of the company's stock.

About Canadian Solar

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.