Andrew Luen Cheung Wong Sells 1,752 Shares of Canadian Solar (NASDAQ:CSIQ) Stock

Posted by on May 23rd, 2026

Canadian Solar Inc. (NASDAQ:CSIQ – Get Free Report) Director Andrew Luen Cheung Wong sold 1,752 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $16.33, for a total value of $28,610.16. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Canadian Solar Price Performance

Shares of CSIQ opened at $18.88 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of -7.49 and a beta of 1.44. The stock has a fifty day moving average price of $15.24 and a 200 day moving average price of $20.04. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.06 and a quick ratio of 0.81. Canadian Solar Inc. has a 12 month low of $9.41 and a 12 month high of $34.59.

Canadian Solar (NASDAQ:CSIQ – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The solar energy provider reported ($0.71) EPS for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.35. Canadian Solar had a negative return on equity of 4.20% and a negative net margin of 1.87%.The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $950.43 million. During the same period in the prior year, the business earned ($1.07) EPS. The firm’s revenue was down 9.9% on a year-over-year basis. On average, research analysts forecast that Canadian Solar Inc. will post -1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

CSIQ has been the topic of a number of analyst reports. Roth Mkm dropped their price objective on shares of Canadian Solar from $30.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canadian Solar in a report on Friday, March 27th. Freedom Capital cut Canadian Solar from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Mizuho cut their price target on Canadian Solar from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Finally, Wells Fargo & Company cut their price target on Canadian Solar from $23.00 to $17.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $18.36.

Check Out Our Latest Report on Canadian Solar

Hedge Funds Weigh In On Canadian Solar

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Canadian Solar by 292.7% in the 1st quarter. Bank of America Corp DE now owns 1,071,486 shares of the solar energy provider’s stock valued at $14,840,000 after buying an additional 798,610 shares in the last quarter. Entropy Technologies LP bought a new position in Canadian Solar in the 1st quarter valued at about $210,000. Renaissance Technologies LLC bought a new position in Canadian Solar in the 1st quarter valued at about $6,921,000. Caxton Associates LLP grew its position in Canadian Solar by 33.4% in the 1st quarter. Caxton Associates LLP now owns 73,654 shares of the solar energy provider’s stock valued at $1,020,000 after buying an additional 18,442 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in Canadian Solar by 16.4% in the 1st quarter. Bank of Nova Scotia now owns 28,496 shares of the solar energy provider’s stock valued at $395,000 after buying an additional 4,024 shares in the last quarter. Institutional investors own 52.36% of the company’s stock.

Canadian Solar Company Profile

(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.

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