Roth Capital Forecasts Increased Earnings for Canadian Solar

Canadian Solar Inc. (NASDAQ:CSIQ) – Equities research analysts at Roth Capital increased their FY2025 earnings per share estimates for shares of Canadian Solar in a research report issued to clients and investors on Sunday, November 16th. Roth Capital analyst P. Shen now forecasts that the solar energy provider will earn ($3.21) per share for the year, up from their prior estimate of ($3.96). Roth Capital has a “Neutral” rating and a $30.00 price objective on the stock. The consensus estimate for Canadian Solar’s current full-year earnings is ($0.23) per share. Roth Capital also issued estimates for Canadian Solar’s Q4 2025 earnings at ($1.23) EPS, Q1 2026 earnings at ($1.07) EPS, Q2 2026 earnings at ($0.29) EPS, Q3 2026 earnings at ($0.36) EPS, Q4 2026 earnings at ($0.50) EPS, FY2026 earnings at ($2.23) EPS, Q1 2027 earnings at ($0.75) EPS, Q2 2027 earnings at $0.00 EPS, Q3 2027 earnings at ($0.04) EPS and FY2027 earnings at ($0.98) EPS.

Several other equities research analysts also recently issued reports on the stock. Mizuho cut their target price on shares of Canadian Solar from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Jefferies Financial Group reiterated a “hold” rating and set a $19.64 target price (up from $13.70) on shares of Canadian Solar in a research note on Monday, November 3rd. UBS Group dropped their price target on Canadian Solar from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Zacks Research raised shares of Canadian Solar from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Canadian Solar in a report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $15.08.

Canadian Solar Price Performance

Shares of CSIQ opened at $26.42 on Wednesday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -44.03 and a beta of 1.35. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.98. The company’s fifty day simple moving average is $17.40 and its 200 day simple moving average is $13.40. Canadian Solar has a 1-year low of $6.57 and a 1-year high of $34.59.

Canadian Solar (NASDAQ:CSIQ) last released its earnings results on Thursday, November 13th. The solar energy provider reported ($0.58) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.50. The business had revenue of $1.49 billion during 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 firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.31) earnings per share. Canadian Solar has set its Q4 2025 guidance at EPS.

Institutional Investors Weigh In On Canadian Solar

A number of hedge funds and other institutional investors have recently modified their holdings of the company. IvyRock Asset Management HK Ltd grew its position in shares of Canadian Solar by 87.8% during the 1st quarter. IvyRock Asset Management HK Ltd now owns 2,607,700 shares of the solar energy provider’s stock worth $22,557,000 after purchasing an additional 1,219,200 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Canadian Solar during the 3rd quarter valued at $11,544,000. Greenwoods Asset Management Hong Kong Ltd. grew its holdings in shares of Canadian Solar by 60.4% during the 1st quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,115,861 shares of the solar energy provider’s stock worth $9,652,000 after purchasing an additional 420,000 shares in the last quarter. Mackenzie Financial Corp lifted its position in Canadian Solar by 7.4% during the second quarter. Mackenzie Financial Corp now owns 5,884,865 shares of the solar energy provider’s stock worth $64,969,000 after purchasing an additional 405,800 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Canadian Solar by 206.6% during the third quarter. JPMorgan Chase & Co. now owns 571,893 shares of the solar energy provider’s stock worth $7,457,000 after buying an additional 385,355 shares in the last quarter. 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.