Q2 EPS Estimates for Canadian Solar Cut by Zacks Research

Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) - Investment analysts at Zacks Research reduced their Q2 2026 EPS estimates for shares of Canadian Solar in a research report issued to clients and investors on Tuesday, January 7th. Zacks Research analyst R. Department now forecasts that the solar energy provider will earn ($0.09) per share for the quarter, down from their prior forecast of ($0.08). The consensus estimate for Canadian Solar's current full-year earnings is $0.06 per share. Zacks Research also issued estimates for Canadian Solar's Q3 2026 earnings at $0.86 EPS.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The solar energy provider reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.13. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.71 billion. Canadian Solar had a net margin of 0.01% and a return on equity of 0.02%. The business's revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS.

Several other brokerages have also weighed in on CSIQ. Citigroup lowered shares of Canadian Solar from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $19.00 to $11.00 in a report on Tuesday, October 22nd. The Goldman Sachs Group lowered shares of Canadian Solar from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $14.00 to $11.00 in a report on Tuesday, December 17th. Mizuho initiated coverage on shares of Canadian Solar in a report on Friday, December 13th. They set an "outperform" rating and a $20.00 price objective on the stock. StockNews.com upgraded shares of Canadian Solar from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Jefferies Financial Group assumed coverage on shares of Canadian Solar in a research report on Friday, November 22nd. They set a "buy" rating and a $14.15 target price for the company. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Canadian Solar currently has a consensus rating of "Hold" and an average target price of $18.31.

Canadian Solar Trading Down 4.2 %

NASDAQ:CSIQ traded down $0.53 on Friday, reaching $12.21. The stock had a trading volume of 1,531,564 shares, compared to its average volume of 1,872,141. The company has a market cap of $807.80 million, a price-to-earnings ratio of -101.75, a P/E/G ratio of 8.89 and a beta of 1.27. Canadian Solar has a 12-month low of $10.60 and a 12-month high of $25.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.85. The firm's fifty day moving average is $12.27 and its two-hundred day moving average is $13.73.

Institutional Investors Weigh In On Canadian Solar

Institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp grew its stake in shares of Canadian Solar by 25.4% in the 2nd quarter. Mackenzie Financial Corp now owns 5,115,665 shares of the solar energy provider's stock valued at $75,456,000 after buying an additional 1,037,800 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Canadian Solar by 131.5% in the 3rd quarter. Cerity Partners LLC now owns 428,733 shares of the solar energy provider's stock valued at $7,186,000 after buying an additional 243,542 shares in the last quarter. Barclays PLC grew its stake in shares of Canadian Solar by 494.4% in the 3rd quarter. Barclays PLC now owns 115,328 shares of the solar energy provider's stock valued at $1,932,000 after buying an additional 95,924 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Canadian Solar in the 3rd quarter valued at approximately $1,109,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Canadian Solar by 101.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,461 shares of the solar energy provider's stock valued at $1,902,000 after buying an additional 57,246 shares in the last quarter. 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.