Canadian Solar (NASDAQ:CSIQ – Get Free Report) is projected to issue its Q2 2026 results before the market opens on Thursday, August 27th. Analysts expect the company to announce earnings of ($1.01) per share and revenue of $1.1672 billion for the quarter. Parties may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 27, 2026 at 8:00 AM ET.
Canadian Solar Stock Down 1.6%
Shares of NASDAQ CSIQ opened at $14.32 on Tuesday. The firm’s 50-day moving average price is $15.15 and its 200-day moving average price is $16.23. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $972.33 million, a price-to-earnings ratio of -5.68 and a beta of 1.52. Canadian Solar has a 12-month low of $9.41 and a 12-month high of $34.59.
Wall Street Analyst Weigh In
Several brokerages have weighed in on CSIQ. Citigroup raised Canadian Solar from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $11.00 to $18.00 in a research note on Wednesday, July 22nd. Freedom Capital cut Canadian Solar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Mizuho boosted their target price on Canadian Solar from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Finally, Wall Street Zen upgraded Canadian Solar from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.36.
Institutional Investors Weigh In On Canadian Solar
A number of institutional investors and hedge funds have recently modified their holdings of CSIQ. Goldman Sachs Group Inc. increased its holdings in Canadian Solar by 20.1% during the first quarter. Goldman Sachs Group Inc. now owns 548,853 shares of the solar energy provider’s stock valued at $4,748,000 after buying an additional 92,002 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Canadian Solar by 141.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,100 shares of the solar energy provider’s stock valued at $100,000 after acquiring an additional 5,338 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Canadian Solar by 20.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 842,703 shares of the solar energy provider’s stock valued at $9,539,000 after acquiring an additional 145,867 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Canadian Solar in the 2nd quarter valued at $33,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Canadian Solar in the 2nd quarter worth $790,000. 52.36% of the stock is owned by institutional investors.
Canadian Solar Company Profile
Canadian Solar Inc (NASDAQ: CSIQ) is a global renewable energy company that specializes in the design, development and manufacturing of solar photovoltaic (PV) modules and system solutions. Founded in 2001 and headquartered in Guelph, Ontario, the company has grown to become one of the world’s largest solar module suppliers. Canadian Solar offers a comprehensive portfolio of products, including mono- and multi-crystalline solar cells and modules, as well as advanced energy storage and system integration solutions tailored for residential, commercial and utility-scale applications.
In addition to manufacturing solar components, Canadian Solar provides end-to-end services encompassing project development, engineering, procurement and construction (EPC), as well as operations and maintenance.
Recommended Stories
- Five stocks we like better than Canadian Solar
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Canadian Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Solar and related companies with MarketBeat.com's FREE daily email newsletter.
