Canadian Solar (NASDAQ:CSIQ) Shares Gap Down – Here’s Why

Posted by George Bondi on May 13th, 2026

Canadian Solar Inc. (NASDAQ:CSIQ – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $20.06, but opened at $19.24. Canadian Solar shares last traded at $20.32, with a volume of 966,650 shares trading hands.

Wall Street Analyst Weigh In

CSIQ has been the topic of a number of research analyst reports. Freedom Capital upgraded Canadian Solar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Mizuho decreased their price objective on shares of Canadian Solar from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. Wells Fargo & Company decreased their price objective on shares of Canadian Solar from $23.00 to $17.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Oppenheimer decreased their price objective on shares of Canadian Solar from $38.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Finally, Wall Street Zen lowered Canadian Solar from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.36.

View Our Latest Stock Analysis on Canadian Solar

Canadian Solar Trading Down 2.2%

The business has a 50 day simple moving average of $15.10 and a two-hundred day simple moving average of $20.00. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -7.76 and a beta of 1.44.

Canadian Solar (NASDAQ:CSIQ – Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The solar energy provider reported ($1.66) earnings per share for the quarter. The business had revenue of $1.22 billion for the quarter. Canadian Solar had a negative net margin of 1.86% and a negative return on equity of 4.95%. As a group, equities analysts anticipate that Canadian Solar Inc. will post -1.44 EPS for the current year.

Institutional Investors Weigh In On Canadian Solar

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in shares of Canadian Solar by 20.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 548,853 shares of the solar energy provider’s stock worth $4,748,000 after acquiring an additional 92,002 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Canadian Solar by 141.9% in 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 worth $100,000 after acquiring an additional 5,338 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 worth $9,539,000 after acquiring an additional 145,867 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Canadian Solar during the second quarter valued at $33,000. Finally, Balyasny Asset Management L.P. bought a new stake in Canadian Solar during the second quarter valued at $790,000. Institutional investors own 52.36% of the company’s stock.

About Canadian Solar

(Get Free Report)

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.