Zacks Research Cuts Earnings Estimates for Canadian Solar

Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) - Zacks Research cut their Q1 2025 earnings estimates for shares of Canadian Solar in a report released 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 prior estimate 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.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The solar energy provider reported ($1.47) 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 company had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.57 billion. During the same quarter in the prior year, the firm posted ($0.02) EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis.

CSIQ has been the topic of a number of other research reports. The Goldman Sachs Group decreased their price objective on shares of Canadian Solar from $11.00 to $9.00 and set a "sell" rating on the stock in a research report on Wednesday, March 26th. StockNews.com lowered Canadian Solar from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Citigroup upgraded Canadian Solar from a "sell" rating to a "neutral" rating and set a $8.00 price objective on the stock in a research report on Thursday. Finally, Wells Fargo & Company decreased their target price on Canadian Solar from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $17.54.

Canadian Solar Trading Up 3.9 %

Shares of NASDAQ CSIQ traded up $0.28 during mid-day trading on Thursday, hitting $7.46. The stock had a trading volume of 1,241,125 shares, compared to its average volume of 1,876,434. The business has a 50 day moving average price of $9.37 and a two-hundred day moving average price of $11.24. 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 quick ratio of 0.85 and a current ratio of 1.06. The firm has a market cap of $493.55 million, a P/E ratio of -62.17, a price-to-earnings-growth ratio of 0.74 and a beta of 1.33.

Hedge Funds Weigh In On Canadian Solar

Institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its stake in shares of Canadian Solar by 6.9% in the 4th quarter. Mackenzie Financial Corp now owns 5,523,565 shares of the solar energy provider's stock worth $61,422,000 after acquiring an additional 357,900 shares in the last quarter. Vanguard Group Inc. grew its holdings in Canadian Solar by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,027,302 shares of the solar energy provider's stock worth $22,544,000 after purchasing an additional 23,355 shares during the period. Shah Capital Management increased its stake in shares of Canadian Solar by 825.6% during the fourth quarter. Shah Capital Management now owns 1,745,546 shares of the solar energy provider's stock valued at $19,410,000 after purchasing an additional 1,556,964 shares in the last quarter. IvyRock Asset Management HK Ltd purchased a new position in shares of Canadian Solar during the fourth quarter valued at approximately $15,440,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Canadian Solar in the 4th quarter worth approximately $7,738,000. 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.