Canadian Solar’s (CSIQ) Underperform Rating Reaffirmed at Mizuho

Canadian Solar (NASDAQ:CSIQ)‘s stock had its “underperform” rating reiterated by stock analysts at Mizuho in a report released on Wednesday,Benzinga reports. They currently have a $21.00 price target on the solar energy provider’s stock, up from their prior price target of $15.00. Mizuho’s price objective suggests a potential downside of 20.51% from the company’s current price.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on Canadian Solar from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 3rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $19.64 price target (up from $13.70) on shares of Canadian Solar in a report on Monday, November 3rd. JPMorgan Chase & Co. increased their price target on shares of Canadian Solar from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, November 14th. Citigroup restated a “sell” rating and set a $11.00 price objective on shares of Canadian Solar in a research report on Tuesday, October 21st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Canadian Solar in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Canadian Solar has an average rating of “Reduce” and an average price target of $15.83.

Canadian Solar Stock Down 7.2%

Shares of NASDAQ:CSIQ opened at $26.42 on Wednesday. The firm’s 50 day moving average price is $17.40 and its 200 day moving average price is $13.40. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -44.03 and a beta of 1.35. Canadian Solar has a fifty-two week low of $6.57 and a fifty-two week high of $34.59. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.98.

Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings results on Thursday, November 13th. The solar energy provider reported ($0.58) EPS for the quarter, topping the consensus estimate of ($1.08) by $0.50. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business posted ($0.31) EPS. Canadian Solar has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Canadian Solar will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Canadian Solar

A number of large investors have recently bought and sold shares of CSIQ. Templeton & Phillips Capital Management LLC increased 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 purchasing an additional 1,843 shares during the period. Cetera Investment Advisers boosted its stake in shares of Canadian Solar by 50.6% during the first quarter. Cetera Investment Advisers now owns 32,570 shares of the solar energy provider’s stock worth $282,000 after buying an additional 10,945 shares during the period. IvyRock Asset Management HK Ltd grew its holdings in shares of Canadian Solar by 87.8% during the first quarter. IvyRock Asset Management HK Ltd now owns 2,607,700 shares of the solar energy provider’s stock worth $22,557,000 after buying an additional 1,219,200 shares during the last quarter. XTX Topco Ltd acquired a new position in Canadian Solar in the 1st quarter valued at about $157,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Canadian Solar by 38.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 251,204 shares of the solar energy provider’s stock valued at $2,173,000 after acquiring an additional 70,412 shares during the last quarter. Institutional investors and hedge funds 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.