Canadian Solar (NASDAQ:CSIQ) Sees Large Volume Increase After Analyst Upgrade

Canadian Solar Inc. (NASDAQ:CSIQ) shares saw an uptick in trading volume on Tuesday after Roth Capital raised their price target on the stock from $11.00 to $30.00. Roth Capital currently has a neutral rating on the stock. 1,511,321 shares changed hands during mid-day trading, a decline of 32% from the previous session’s volume of 2,236,960 shares.The stock last traded at $26.7640 and had previously closed at $28.47.

Several other research analysts have also commented on CSIQ. Weiss Ratings restated a “sell (d+)” rating on shares of Canadian Solar in a report on Thursday. Jefferies Financial Group restated a “hold” rating and set a $19.64 target price (up previously from $13.70) on shares of Canadian Solar in a report on Monday, November 3rd. Citigroup reiterated a “sell” rating and issued a $11.00 price target on shares of Canadian Solar in a report on Tuesday, October 21st. JPMorgan Chase & Co. raised 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. Finally, UBS Group decreased their target price on Canadian Solar from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $15.08.

Institutional Investors Weigh In On Canadian Solar

Institutional investors have recently modified their holdings of the stock. IvyRock Asset Management HK Ltd grew its position in shares of Canadian Solar by 87.8% in 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 acquiring an additional 1,219,200 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Canadian Solar by 38.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 251,204 shares of the solar energy provider’s stock worth $2,173,000 after purchasing an additional 70,412 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Canadian Solar during the second quarter valued at $382,000. Aberdeen Group plc increased its stake in Canadian Solar by 109.2% during the first quarter. Aberdeen Group plc now owns 97,145 shares of the solar energy provider’s stock valued at $840,000 after purchasing an additional 50,714 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Canadian Solar by 15.5% during the first quarter. Invesco Ltd. now owns 2,311,596 shares of the solar energy provider’s stock worth $19,995,000 after purchasing an additional 310,564 shares during the period. Institutional investors and hedge funds own 52.36% of the company’s stock.

Canadian Solar Stock Performance

The stock’s 50-day moving average price is $17.09 and its 200-day moving average price is $13.28. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.79 billion, a P/E ratio of -44.56 and a beta of 1.35.

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

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.