Canadian Solar (CSIQ) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CSIQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSIQ, but not buy additional shares or sell existing shares.
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9 brokerages have issued 12-month target prices for Canadian Solar's shares. Their CSIQ share price targets range from $21.00 to $51.00. On average, they anticipate the company's share price to reach $31.78 in the next twelve months. This suggests a possible upside of 110.2% from the stock's current price.
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Canadian Solar's stock was trading at $26.23 at the beginning of 2024. Since then, CSIQ stock has decreased by 42.4% and is now trading at $15.12.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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Canadian Solar will be holding an earnings conference call on Thursday, May 9th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "1160603".

Canadian Solar Inc. (NASDAQ:CSIQ) released its earnings results on Thursday, March, 14th. The solar energy provider reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.11. The solar energy provider earned $1.70 billion during the quarter, compared to analysts' expectations of $1.69 billion. Canadian Solar had a trailing twelve-month return on equity of 8.31% and a net margin of 3.60%. The firm's quarterly revenue was down 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 earnings per share.

ETFs with the largest weight of Canadian Solar (NASDAQ:CSIQ) stock in their portfolio include SmartETFs Sustainable Energy II ETF (SOLR), ProShares S&P Kensho Cleantech ETF (CTEX), Subversive Decarbonization ETF (DKRB), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG), Global X Clean Tech ETF (CTEC), SPDR S&P Kensho Clean Power ETF (CNRG) and Fidelity Clean Energy ETF (FRNW).

Canadian Solar updated its first quarter 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.2 billion-$1.4 billion, compared to the consensus revenue estimate of $1.9 billion.

55 employees have rated Canadian Solar Chief Executive Officer Shawn X. Qu on Glassdoor.com. Shawn X. Qu has an approval rating of 74% among the company's employees. 58.0% of employees surveyed would recommend working at Canadian Solar to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Solar investors own include Micron Technology (MU), First Solar (FSLR), Tesla (TSLA), Gilead Sciences (GILD), Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Advanced Micro Devices (AMD) and SunPower (SPWR).

Canadian Solar's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Guinness Asset Management LTD (1.66%), IMC Chicago LLC (0.00%), Green Alpha Advisors LLC (0.06%), Guinness Atkinson Asset Management Inc (0.05%) and City Holding Co. (0.00%).

Shares of CSIQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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