Canadian Solar (NASDAQ:CSIQ) Shares Gap Down – What’s Next?

Canadian Solar Inc. (NASDAQ:CSIQ) gapped down prior to trading on Wednesday . The stock had previously closed at $26.42, but opened at $25.46. Canadian Solar shares last traded at $26.7890, with a volume of 5,298,227 shares.

Wall Street Analyst Weigh In

CSIQ has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price 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. Mizuho reaffirmed an “underperform” rating and set a $21.00 price objective (up previously from $15.00) on shares of Canadian Solar in a research note on Wednesday. UBS Group upped their target price on shares of Canadian Solar from $15.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday. Roth Capital raised their price target on shares of Canadian Solar from $11.00 to $30.00 and gave the company a “neutral” rating in a report on Monday. Finally, JPMorgan Chase & Co. upped their price target on shares of Canadian Solar from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Friday, November 14th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $18.58.

Canadian Solar Stock Up 0.7%

The company has a market cap of $1.78 billion, a P/E ratio of -44.65 and a beta of 1.35. The stock has a 50-day moving average of $17.40 and a two-hundred day moving average of $13.40. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.87 and a current ratio of 1.09.

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

Institutional Trading of Canadian Solar

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Canadian Solar by 7.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,796 shares of the solar energy provider’s stock worth $63,000 after acquiring an additional 312 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in Canadian Solar by 4.7% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 18,075 shares of the solar energy provider’s stock worth $236,000 after purchasing an additional 805 shares in the last quarter. Templeton & Phillips Capital Management LLC lifted its holdings in Canadian Solar by 14.6% in the 1st quarter. Templeton & Phillips Capital Management LLC now owns 14,481 shares of the solar energy provider’s stock worth $125,000 after purchasing an additional 1,843 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 purchasing an additional 2,217 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Canadian Solar by 38.6% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 8,094 shares of the solar energy provider’s stock valued at $89,000 after buying an additional 2,254 shares in the last quarter. Institutional investors 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.