Bryn Mawr Trust Advisors LLC Grows Position in Canadian Solar Inc. $CSIQ

Bryn Mawr Trust Advisors LLC grew its holdings in shares of Canadian Solar Inc. (NASDAQ:CSIQ) by 12.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,650 shares of the solar energy provider’s stock after acquiring an additional 2,750 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in Canadian Solar were worth $272,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Templeton & Phillips Capital Management LLC raised 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Canadian Solar by 11.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21,874 shares of the solar energy provider’s stock worth $189,000 after buying an additional 2,217 shares in the last quarter. Robotti Robert increased its holdings in shares of Canadian Solar by 0.6% in the 1st quarter. Robotti Robert now owns 490,880 shares of the solar energy provider’s stock worth $4,246,000 after buying an additional 3,000 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Canadian Solar during the 1st quarter valued at $39,000. Finally, Summit Securities Group LLC raised its position 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 valued at $61,000 after buying an additional 6,015 shares in the last quarter. 52.36% of the stock is currently owned by institutional investors.

Canadian Solar Stock Performance

NASDAQ CSIQ opened at $28.47 on Friday. The company has a 50-day simple moving average of $14.69 and a two-hundred day simple moving average of $12.39. Canadian Solar Inc. has a 12-month low of $6.57 and a 12-month high of $28.50. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -47.45 and a beta of 1.35. 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 released its quarterly earnings data on Thursday, August 21st. The solar energy provider reported ($0.53) EPS for the quarter, missing the consensus estimate of $0.76 by ($1.29). Canadian Solar had a negative return on equity of 4.97% and a negative net margin of 0.12%.The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Canadian Solar has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Canadian Solar Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Canadian Solar from $8.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Canadian Solar in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price objective on Canadian Solar from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, September 3rd. Wall Street Zen upgraded Canadian Solar from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $19.64 price objective (up from $13.70) on shares of Canadian Solar in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $12.58.

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.