Canadian Solar (NASDAQ:CSIQ) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Posted by George Bondi on Oct 22nd, 2026

Canadian Solar (NASDAQ:CSIQ – Free Report) had its price target lowered by JPMorgan Chase & Co. from $9.00 to $8.00 in a research note published on Monday,Benzinga reports. The firm currently has an underweight rating on the solar energy provider’s stock.

A number of other research analysts have also recently commented on the stock. Roth Capital set a $15.00 target price on shares of Canadian Solar in a research report on Friday, August 28th. Mizuho lowered their target price on shares of Canadian Solar from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 28th. Glj Research reiterated a “sell” rating and set a $5.58 price target on shares of Canadian Solar in a research report on Thursday, August 27th. UBS Group dropped their price target on shares of Canadian Solar from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Finally, Wells Fargo & Company reduced their price target on shares of Canadian Solar from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Monday, August 31st. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Canadian Solar presently has an average rating of “Reduce” and a consensus price target of $16.22.

Get Our Latest Analysis on Canadian Solar

Canadian Solar Price Performance

NASDAQ:CSIQ opened at $9.83 on Monday. Canadian Solar has a 52 week low of $9.30 and a 52 week high of $34.59. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $667.46 million, a P/E ratio of -2.56 and a beta of 1.53. The stock’s fifty day moving average is $12.34 and its two-hundred day moving average is $14.54.

Canadian Solar (NASDAQ:CSIQ – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The solar energy provider reported ($1.40) EPS for the quarter, missing the consensus estimate of ($0.18) by ($1.22). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. Canadian Solar had a negative net margin of 3.73% and a negative return on equity of 5.57%. The business’s revenue for the quarter was down 28.7% on a year-over-year basis. During the same period last year, the company earned ($0.53) EPS. Equities analysts expect that Canadian Solar will post -2.93 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Canadian Solar in the 2nd quarter valued at $631,683,000. Deutsche Bank AG purchased a new position in Canadian Solar during the 2nd quarter valued at about $722,850,000. Bank of America Corp DE purchased a new position in Canadian Solar during the 2nd quarter valued at about $151,417,000. Hsbc Holdings PLC boosted its holdings in Canadian Solar by 170.5% during the 2nd quarter. Hsbc Holdings PLC now owns 325,847 shares of the solar energy provider’s stock valued at $5,220,000 after acquiring an additional 205,397 shares during the period. Finally, BlackRock Inc. acquired a new position in Canadian Solar in the 2nd quarter valued at about $59,238,000. 52.36% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Solar Company Profile

(Get Free Report)

Canadian Solar Inc is a global solar energy company that designs, manufactures and delivers renewable energy products and solutions. Founded in 2001 by Dr. Shawn Qu, the company is headquartered in Guelph, Ontario, Canada, and serves customers in markets across North America, Latin America, Europe, Africa, the Middle East, Australia and Asia.

Through its CSI Solar business, Canadian Solar provides photovoltaic solar modules, inverters, battery energy storage systems and other components used in residential, commercial, industrial and utility-scale projects.