Oppenheimer Issues Pessimistic Forecast for Canadian Solar (NASDAQ:CSIQ) Stock Price

Canadian Solar (NASDAQ:CSIQ) had its target price decreased by Oppenheimer from $38.00 to $19.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the solar energy provider’s stock. Oppenheimer’s price target points to a potential upside of 33.47% from the stock’s previous close.

Other analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Canadian Solar in a report on Monday, December 29th. Mizuho upgraded shares of Canadian Solar from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, March 17th. Finally, Daiwa Securities Group upgraded shares of Canadian Solar from a “neutral” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Canadian Solar currently has a consensus rating of “Reduce” and a consensus target price of $19.56.

Canadian Solar Stock Up 5.2%

Shares of NASDAQ CSIQ opened at $14.24 on Friday. The stock has a market capitalization of $953.32 million, a price-to-earnings ratio of -5.69 and a beta of 1.31. Canadian Solar has a 52 week low of $6.57 and a 52 week high of $34.59. The firm has a 50-day moving average price of $19.45 and a 200 day moving average price of $19.67. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.93.

Canadian Solar (NASDAQ:CSIQ) last issued its earnings results on Thursday, March 19th. The solar energy provider reported ($1.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.10) by ($0.56). The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Canadian Solar had a negative net margin of 1.86% and a negative return on equity of 4.96%. The company’s quarterly revenue was down 20.0% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. Equities research analysts anticipate that Canadian Solar will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Solar

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp boosted its position 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 acquiring an additional 405,800 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Canadian Solar by 19.3% during the 3rd quarter. Invesco Ltd. now owns 2,200,622 shares of the solar energy provider’s stock worth $28,696,000 after purchasing an additional 356,625 shares during the period. Legal & General Group Plc lifted its stake in shares of Canadian Solar by 13.0% during the 3rd quarter. Legal & General Group Plc now owns 2,051,228 shares of the solar energy provider’s stock worth $26,741,000 after purchasing an additional 236,115 shares during the period. Polunin Capital Partners Ltd acquired a new stake in shares of Canadian Solar during the fourth quarter worth $43,692,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Canadian Solar in the third quarter valued at $11,544,000. 52.36% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Solar News Summary

Here are the key news stories impacting Canadian Solar this week:

• Positive Sentiment: Better long‑term sales data: Canadian Solar reported 24.3 GW of module shipments for 2025 with a record 8.1 GW delivered to the U.S., showing strong customer traction in its largest growth market. PR: Full Year Results
• Positive Sentiment: Sector rally helped shares recover intraday as other solar names surged, lifting CSIQ despite company-specific headwinds. This suggests investor interest in the group is providing some buying support. Sector Rally Article
• Neutral Sentiment: Mizuho changed its stance, upgrading Canadian Solar to “Neutral” — a modest vote of confidence but not an optimistic tilt. Mizuho Upgrade
• Neutral Sentiment: Oppenheimer cut its price target from $38 to $19 but left an “Outperform” rating, reflecting a view that downside has been materially re‑priced even as longer‑term upside remains. Oppenheimer Note
• Negative Sentiment: Major earnings miss and weak guidance: CSIQ reported a Q4 loss of $1.66/sh (vs. consensus ≈ -$1.10) and revenue of $1.22B (vs. ~ $1.37B), citing falling module shipments and margin pressure; the miss and soft Q1 outlook triggered a sharp pre‑market selloff. Earnings Miss
• Negative Sentiment: Investor litigation attention: a law firm is investigating potential claims related to Canadian Solar executives, which can increase headline risk and investor uncertainty. Investigation Notice
• Negative Sentiment: Earnings call and analyst writeups emphasize a prolonged sector downturn and regulatory headwinds that pressured results, reinforcing near‑term downside risk until margins and volumes stabilize. Earnings Call Transcript

About Canadian Solar

Canadian Solar Inc (NASDAQ: CSIQ) is a global renewable energy company that specializes in the design, development and manufacturing of solar photovoltaic (PV) modules and system solutions. Founded in 2001 and headquartered in Guelph, Ontario, the company has grown to become one of the world’s largest solar module suppliers. Canadian Solar offers a comprehensive portfolio of products, including mono- and multi-crystalline solar cells and modules, as well as advanced energy storage and system integration solutions tailored for residential, commercial and utility-scale applications.

In addition to manufacturing solar components, Canadian Solar provides end-to-end services encompassing project development, engineering, procurement and construction (EPC), as well as operations and maintenance.