SG Americas Securities LLC Buys 12,745 Shares of Canadian Solar Inc. $CSIQ

SG Americas Securities LLC grew its stake in Canadian Solar Inc. (NASDAQ:CSIQ) by 67.4% during the second quarter, HoldingsChannel reports. The fund owned 31,666 shares of the solar energy provider’s stock after acquiring an additional 12,745 shares during the quarter. SG Americas Securities LLC’s holdings in Canadian Solar were worth $350,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Canadian Solar by 11.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21,874 shares of the solar energy provider’s stock worth $189,000 after purchasing an additional 2,217 shares during the last quarter. Bryn Mawr Trust Advisors LLC raised its holdings in Canadian Solar by 12.6% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 24,650 shares of the solar energy provider’s stock worth $272,000 after purchasing an additional 2,750 shares in the last quarter. Robotti Robert lifted its position in shares of Canadian Solar by 0.6% during the first quarter. Robotti Robert now owns 490,880 shares of the solar energy provider’s stock valued at $4,246,000 after buying an additional 3,000 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Canadian Solar by 9.7% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 40,977 shares of the solar energy provider’s stock valued at $452,000 after buying an additional 3,627 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Canadian Solar in the 1st quarter worth approximately $39,000. 52.36% of the stock is owned by institutional investors.

Canadian Solar Price Performance

NASDAQ CSIQ opened at $27.12 on Friday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -45.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.09 and a quick ratio of 0.87. The stock’s fifty day moving average price is $19.58 and its 200 day moving average price is $14.22. Canadian Solar Inc. has a 1 year low of $6.57 and a 1 year high of $34.59.

Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings results on Thursday, November 13th. The solar energy provider reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($1.08) by $0.50. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.37 billion. Canadian Solar had a negative return on equity of 4.97% and a negative net margin of 0.12%.The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.31) EPS. Canadian Solar has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Canadian Solar Inc. will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CSIQ. UBS Group increased their target price on shares of Canadian Solar from $15.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. The Goldman Sachs Group increased their price objective on Canadian Solar from $9.00 to $10.00 and gave the company a “sell” rating in a report on Wednesday, October 8th. Citigroup restated a “sell” rating and set a $11.00 target price on shares of Canadian Solar in a research note on Tuesday, October 21st. Wall Street Zen raised Canadian Solar from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Roth Capital raised their price target on Canadian Solar from $11.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, November 17th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Canadian Solar has an average rating of “Reduce” and a consensus target price of $18.58.

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.