Canadian Solar (NASDAQ:CSIQ) Trading 8.6% Higher – Here’s What Happened

Posted by Brenda Bartman on Aug 3rd, 2026

Canadian Solar Inc. (NASDAQ:CSIQ – Get Free Report) traded up 8.6% during trading on Monday . The stock traded as high as $15.94 and last traded at $16.3830. 421,113 shares traded hands during trading, a decline of 85% from the average daily volume of 2,849,396 shares. The stock had previously closed at $15.08.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CSIQ. Wall Street Zen upgraded Canadian Solar from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Mizuho upped their price target on Canadian Solar from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Citigroup raised shares of Canadian Solar from a “sell” rating to a “neutral” rating and raised their target price for the stock from $11.00 to $18.00 in a research report on Wednesday, July 22nd. Freedom Capital cut Canadian Solar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company dropped their price objective on shares of Canadian Solar from $23.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Canadian Solar currently has an average rating of “Hold” and an average price target of $19.36.

Check Out Our Latest Stock Analysis on Canadian Solar

Canadian Solar Trading Up 4.9%

The firm has a market cap of $1.07 billion, a PE ratio of -6.28 and a beta of 1.51. The stock has a 50-day simple moving average of $16.02 and a two-hundred day simple moving average of $16.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 1.06.

Canadian Solar (NASDAQ:CSIQ – Get Free Report) last posted its earnings results 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 net margin of 1.87% and a negative return on equity of 4.20%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $950.43 million. During the same quarter in the previous year, the firm posted ($1.07) EPS. The firm’s revenue was down 9.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Canadian Solar Inc. will post -1.81 EPS for the current year.

Insider Activity at Canadian Solar

In other Canadian Solar news, Director Andrew Luen Cheung Wong sold 1,752 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $16.33, for a total transaction of $28,610.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie Li Hsien Chang sold 1,767 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $19.45, for a total value of $34,368.15. The SEC filing for this sale provides additional information. Insiders own 21.50% of the company’s stock.

Institutional Trading of Canadian Solar

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP purchased a new stake in Canadian Solar in the 3rd quarter worth $11,544,000. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 798,610 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Canadian Solar in the first quarter worth $6,921,000. JPMorgan Chase & Co. boosted its stake in shares of Canadian Solar by 206.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 571,893 shares of the solar energy provider’s stock worth $7,457,000 after purchasing an additional 385,355 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Canadian Solar during the third quarter valued at approximately $5,008,000. 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.