FY2025 EPS Estimates for Canadian Solar Inc. Increased by Analyst (NASDAQ:CSIQ)

Canadian Solar Inc. (NASDAQ:CSIQ) – Stock analysts at Zacks Research raised their FY2025 earnings per share (EPS) estimates for Canadian Solar in a research note issued on Tuesday, April 30th. Zacks Research analyst R. Department now anticipates that the solar energy provider will earn $3.65 per share for the year, up from their previous forecast of $3.63. The consensus estimate for Canadian Solar’s current full-year earnings is $2.58 per share. Zacks Research also issued estimates for Canadian Solar’s Q4 2025 earnings at $1.09 EPS and Q1 2026 earnings at $0.90 EPS.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Canadian Solar from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Daiwa Capital Markets started coverage on Canadian Solar in a research report on Monday, March 11th. They set a “neutral” rating and a $21.00 target price on the stock. Wells Fargo & Company reduced their price target on Canadian Solar from $28.00 to $23.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 19th. Citigroup dropped their price objective on Canadian Solar from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Finally, The Goldman Sachs Group reduced their target price on shares of Canadian Solar from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.78.

Canadian Solar Trading Up 1.4 %

NASDAQ CSIQ opened at $16.79 on Friday. Canadian Solar has a one year low of $14.11 and a one year high of $45.29. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.04. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 4.33, a price-to-earnings-growth ratio of 0.25 and a beta of 1.29. The company’s 50-day simple moving average is $18.24 and its two-hundred day simple moving average is $20.92.

Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings results on Thursday, March 14th. The solar energy provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.11. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Canadian Solar had a return on equity of 8.31% and a net margin of 3.60%. The business’s revenue was down 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 EPS.

Institutional Investors Weigh In On Canadian Solar

Several institutional investors have recently added to or reduced their stakes in CSIQ. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Canadian Solar during the third quarter worth $93,000. Mackenzie Financial Corp raised its holdings in Canadian Solar by 23.4% in the 3rd quarter. Mackenzie Financial Corp now owns 3,108,915 shares of the solar energy provider’s stock valued at $69,795,000 after acquiring an additional 589,400 shares during the last quarter. Clear Harbor Asset Management LLC lifted its position in Canadian Solar by 21.5% during the third quarter. Clear Harbor Asset Management LLC now owns 11,870 shares of the solar energy provider’s stock worth $292,000 after buying an additional 2,100 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Canadian Solar by 71.2% during the 3rd quarter. Assetmark Inc. now owns 2,387 shares of the solar energy provider’s stock worth $59,000 after acquiring an additional 993 shares during the period. Finally, Adirondack Trust Co. grew its stake in shares of Canadian Solar by 200.0% in the 3rd quarter. Adirondack Trust Co. now owns 1,500 shares of the solar energy provider’s stock valued at $37,000 after buying an additional 1,000 shares during the period. 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.