Q2 EPS Estimates for Canadian Solar Cut by Zacks Research

Canadian Solar Inc. (NASDAQ:CSIQ) – Analysts at Zacks Research lowered their Q2 2026 earnings estimates for Canadian Solar in a note issued to investors on Tuesday, January 7th. Zacks Research analyst R. Department now forecasts that the solar energy provider will earn ($0.09) per share for the quarter, down from their prior 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 subject of a number of other research reports. Jefferies Financial Group assumed coverage on Canadian Solar in a report on Friday, November 22nd. They set a “buy” rating and a $14.15 target price for the company. Mizuho began coverage on shares of Canadian Solar in a report on Friday, December 13th. They issued an “outperform” rating and a $20.00 price objective on the stock. The Goldman Sachs Group cut shares of Canadian Solar from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.00 to $11.00 in a report on Tuesday, December 17th. StockNews.com raised shares of Canadian Solar from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company cut their price target on Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating on the stock 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. Based on data from MarketBeat.com, Canadian Solar currently has an average rating of “Hold” and an average target price of $18.31.

Canadian Solar Price Performance

NASDAQ CSIQ opened at $12.74 on Friday. Canadian Solar has a 12-month low of $10.60 and a 12-month high of $25.43. The firm’s fifty day simple moving average is $12.27 and its two-hundred day simple moving average is $13.73. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $842.87 million, a P/E ratio of -106.17, a P/E/G 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) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.13. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.71 billion. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. Canadian Solar’s revenue was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp increased its position in shares of Canadian Solar by 25.4% during the 2nd quarter. Mackenzie Financial Corp now owns 5,115,665 shares of the solar energy provider’s stock worth $75,456,000 after purchasing an additional 1,037,800 shares during the last quarter. Barclays PLC boosted its position in shares of Canadian Solar by 494.4% during the 3rd quarter. Barclays PLC now owns 115,328 shares of the solar energy provider’s stock worth $1,932,000 after purchasing an additional 95,924 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Canadian Solar by 101.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,461 shares of the solar energy provider’s stock valued at $1,902,000 after purchasing an additional 57,246 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Canadian Solar in the third quarter valued at approximately $219,000. Finally, Cerity Partners LLC lifted its stake in Canadian Solar by 131.5% during the third quarter. Cerity Partners LLC now owns 428,733 shares of the solar energy provider’s stock worth $7,186,000 after purchasing an additional 243,542 shares in the last quarter. Institutional investors and hedge funds own 52.36% of the company’s stock.

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.