Zacks Research Lowers Earnings Estimates for Canadian Solar

Canadian Solar Inc. (NASDAQ:CSIQ) – Investment analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for Canadian Solar in a note issued to 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 previous 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.

Other equities analysts have also issued reports about the company. Citigroup lowered Canadian Solar from a “neutral” rating to a “sell” rating and reduced their target price for the company from $19.00 to $11.00 in a report on Tuesday, October 22nd. StockNews.com raised Canadian Solar from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group lowered Canadian Solar from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.00 to $11.00 in a report on Tuesday, December 17th. Jefferies Financial Group began coverage on Canadian Solar in a report on Friday, November 22nd. They issued a “buy” rating and a $14.15 target price for the company. Finally, Wells Fargo & Company reduced their price objective on Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Canadian Solar presently has an average rating of “Hold” and an average target price of $18.31.

Canadian Solar Stock Performance

CSIQ stock opened at $12.21 on Friday. The firm has a market cap of $807.80 million, a PE ratio of -101.75, a P/E/G ratio of 8.89 and a beta of 1.27. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $12.21 and a 200-day moving average of $13.69. Canadian Solar has a 12-month low of $10.60 and a 12-month high of $25.43.

Canadian Solar (NASDAQ:CSIQ) last issued 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 firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.71 billion. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. The company’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share.

Institutional Investors Weigh In On Canadian Solar

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its position in Canadian Solar by 8.0% during the second quarter. American Century Companies Inc. now owns 18,716 shares of the solar energy provider’s stock valued at $276,000 after purchasing an additional 1,383 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Canadian Solar by 20.3% during the third quarter. Daiwa Securities Group Inc. now owns 8,900 shares of the solar energy provider’s stock valued at $149,000 after purchasing an additional 1,500 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in 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 valued at $1,847,000 after purchasing an additional 1,522 shares in the last quarter. Quarry LP purchased a new stake in Canadian Solar during the second quarter valued at about $31,000. Finally, Green Alpha Advisors LLC raised its position in Canadian Solar by 8.8% during the third quarter. Green Alpha Advisors LLC now owns 40,390 shares of the solar energy provider’s stock valued at $677,000 after purchasing an additional 3,282 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.