Q3 EPS Estimates for Canadian Solar Cut by Zacks Research

Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) - Zacks Research cut their Q3 2025 earnings per share (EPS) estimates for shares of Canadian Solar in a report issued on Tuesday, January 7th. Zacks Research analyst R. Department now expects that the solar energy provider will post earnings of $0.17 per share for the quarter, down from their previous estimate of $0.18. 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 FY2025 earnings at $0.12 EPS and Q4 2026 earnings at $0.40 EPS.

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

CSIQ has been the topic of several other reports. StockNews.com raised shares of Canadian Solar from a "sell" rating to a "hold" rating in a research note on Tuesday. Citigroup cut Canadian Solar from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $19.00 to $11.00 in a report on Tuesday, October 22nd. Mizuho started coverage on Canadian Solar in a report on Friday, December 13th. They issued an "outperform" rating and a $20.00 price target for the company. Wells Fargo & Company lowered their price objective on Canadian Solar from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group downgraded Canadian Solar from a "neutral" rating to a "sell" rating and cut their target price for the stock from $14.00 to $11.00 in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Canadian Solar presently has an average rating of "Hold" and a consensus target price of $18.31.

Canadian Solar Price Performance

CSIQ traded down $0.55 on Thursday, hitting $12.74. 1,462,235 shares of the company's stock were exchanged, compared to its average volume of 1,940,199. Canadian Solar has a fifty-two week low of $10.60 and a fifty-two week high of $25.43. The stock has a market cap of $842.87 million, a price-to-earnings ratio of -106.17, a P/E/G ratio of 8.89 and a beta of 1.27. The firm has a 50-day moving average price of $12.27 and a 200-day moving average price of $13.73. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CSIQ. Sanctuary Advisors LLC lifted its holdings in shares of Canadian Solar by 37.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,029 shares of the solar energy provider's stock worth $520,000 after acquiring an additional 8,404 shares during the last quarter. Barclays PLC raised its position in Canadian Solar by 494.4% in the third quarter. Barclays PLC now owns 115,328 shares of the solar energy provider's stock valued at $1,932,000 after purchasing an additional 95,924 shares during the period. State Street Corp lifted its stake in Canadian Solar by 5.6% during the third quarter. State Street Corp now owns 486,800 shares of the solar energy provider's stock worth $8,159,000 after purchasing an additional 25,901 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Canadian Solar by 1.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 110,188 shares of the solar energy provider's stock worth $1,847,000 after buying an additional 1,522 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Canadian Solar in the third quarter valued at $1,109,000. 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.