Canadian Solar Q2 EPS Estimate Reduced by Zacks Research

Canadian Solar Inc. (NASDAQ:CSIQ) – Equities research analysts at Zacks Research lowered their Q2 2026 EPS estimates for Canadian Solar in a report released on Tuesday, January 7th. Zacks Research analyst R. Department now anticipates 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.

CSIQ has been the topic of a number of other research reports. Mizuho started coverage on Canadian Solar in a report on Friday, December 13th. They set an “outperform” rating and a $20.00 price target on the stock. Jefferies Financial Group started coverage on Canadian Solar in a research note on Friday, November 22nd. They issued a “buy” rating and a $14.15 target price on the stock. StockNews.com upgraded Canadian Solar from a “sell” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group lowered shares of Canadian Solar from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.00 to $11.00 in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company cut their price objective on shares of Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.31.

Canadian Solar Stock Down 4.1 %

Canadian Solar stock opened at $12.74 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.06. Canadian Solar has a fifty-two week low of $10.60 and a fifty-two week high of $25.43. The stock has a 50-day simple moving average of $12.27 and a 200-day simple moving average of $13.73. The company has a market capitalization of $842.87 million, a P/E ratio of -106.17, a PEG ratio of 8.89 and a beta of 1.27.

Canadian Solar (NASDAQ:CSIQ) last posted its earnings results on Thursday, December 5th. The solar energy provider reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.13. Canadian Solar had a net margin of 0.01% and a return on equity of 0.02%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.32 EPS. The company’s revenue was down 18.4% on a year-over-year basis.

Institutional Trading of Canadian Solar

A number of institutional investors have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Canadian Solar by 8.0% during the 2nd quarter. American Century Companies Inc. now owns 18,716 shares of the solar energy provider’s stock worth $276,000 after buying an additional 1,383 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Canadian Solar by 20.3% in 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 grew its position in shares of Canadian Solar by 1.4% in 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 during the last quarter. Quarry LP acquired a new stake in shares of Canadian Solar in the second quarter valued at approximately $31,000. Finally, Green Alpha Advisors LLC raised its position in shares of Canadian Solar by 8.8% during the 3rd quarter. Green Alpha Advisors LLC now owns 40,390 shares of the solar energy provider’s stock worth $677,000 after purchasing an additional 3,282 shares during the last quarter. 52.36% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Solar Company 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.