KBC Group NV Sells 15,105 Shares of Canadian Solar Inc. $CSIQ

KBC Group NV decreased its position in shares of Canadian Solar Inc. (NASDAQ:CSIQ) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,626 shares of the solar energy provider’s stock after selling 15,105 shares during the period. KBC Group NV owned about 0.18% of Canadian Solar worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Canadian Solar during the first quarter worth $39,000. Summit Securities Group LLC raised its holdings in shares of Canadian Solar by 598.5% during the 1st quarter. Summit Securities Group LLC now owns 7,020 shares of the solar energy provider’s stock worth $61,000 after buying an additional 6,015 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Canadian Solar during the 2nd quarter worth $143,000. Templeton & Phillips Capital Management LLC boosted its stake in Canadian Solar by 14.6% in the first quarter. Templeton & Phillips Capital Management LLC now owns 14,481 shares of the solar energy provider’s stock valued at $125,000 after buying an additional 1,843 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Canadian Solar in the first quarter valued at about $157,000. 52.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Canadian Solar from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Friday. UBS Group lowered their price objective on shares of Canadian Solar from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Canadian Solar in a research report on Thursday. Wall Street Zen upgraded shares of Canadian Solar from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Zacks Research upgraded Canadian Solar from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Solar has a consensus rating of “Reduce” and a consensus price target of $12.71.

Canadian Solar Trading Up 17.3%

Shares of NASDAQ CSIQ opened at $33.58 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.87 and a current ratio of 1.09. Canadian Solar Inc. 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 $16.74 and a two-hundred day moving average price of $13.15. The stock has a market cap of $2.25 billion, a P/E ratio of -55.97 and a beta of 1.35.

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

Canadian Solar 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.