Canadian Solar (NASDAQ:CSIQ) Stock Price Expected to Rise, Roth Capital Analyst Says

Canadian Solar (NASDAQ:CSIQ) had its price target boosted by research analysts at Roth Capital from $11.00 to $30.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the solar energy provider’s stock. Roth Capital’s price target would indicate a potential upside of 13.55% from the stock’s previous close.

Several other equities analysts have also weighed in on CSIQ. Wall Street Zen upgraded Canadian Solar from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. boosted their price objective on Canadian Solar from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Canadian Solar in a research report on Thursday, November 13th. UBS Group dropped their price target on shares of Canadian Solar from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Finally, The Goldman Sachs Group upped their price objective on shares of Canadian Solar from $9.00 to $10.00 and gave the stock a “sell” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $15.08.

Canadian Solar Stock Performance

CSIQ opened at $26.42 on Monday. The firm has a fifty day moving average price of $17.40 and a 200 day moving average price of $13.40. Canadian Solar has a 1 year low of $6.57 and a 1 year high of $34.59. The stock has a market cap of $1.77 billion, a P/E ratio of -44.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.09 and a quick ratio of 0.87.

Canadian Solar (NASDAQ:CSIQ) last released its quarterly earnings results on Thursday, November 13th. The solar energy provider reported ($0.58) EPS for the quarter, beating the consensus estimate of ($1.08) by $0.50. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.37 billion. Canadian Solar had a negative net margin of 0.12% and a negative return on equity of 4.97%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.31) earnings per share. Canadian Solar has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Canadian Solar will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IvyRock Asset Management HK Ltd boosted its holdings in shares of Canadian Solar by 87.8% during the 1st quarter. IvyRock Asset Management HK Ltd now owns 2,607,700 shares of the solar energy provider’s stock worth $22,557,000 after purchasing an additional 1,219,200 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Canadian Solar in the third quarter valued at approximately $11,544,000. Greenwoods Asset Management Hong Kong Ltd. lifted its position in Canadian Solar by 60.4% during the first quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,115,861 shares of the solar energy provider’s stock worth $9,652,000 after buying an additional 420,000 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Canadian Solar by 7.4% during the second quarter. Mackenzie Financial Corp now owns 5,884,865 shares of the solar energy provider’s stock worth $64,969,000 after buying an additional 405,800 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Canadian Solar by 206.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 571,893 shares of the solar energy provider’s stock valued at $7,457,000 after buying an additional 385,355 shares in the last quarter. Hedge funds and other institutional investors 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.