Canadian Solar (NASDAQ:CSIQ) Stock Price Down 4.3% – Here’s What Happened

Posted by Francis Steltz on Oct 30th, 2026

Canadian Solar Inc. (NASDAQ:CSIQ – Get Free Report) shares dropped 4.3% on Wednesday. The stock traded as low as $9.21 and last traded at $9.2550. Approximately 152,065 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 2,544,208 shares. The stock had previously closed at $9.67.

Analysts Set New Price Targets

Several research firms recently commented on CSIQ. Zacks Research downgraded shares of Canadian Solar from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Weiss Ratings downgraded Canadian Solar from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. dropped their target price on Canadian Solar from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, October 19th. Wall Street Zen lowered Canadian Solar from a “sell” rating to a “strong sell” rating in a report on Saturday, August 29th. Finally, Roth Capital set a $15.00 price target on Canadian Solar in a research report on Friday, August 28th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Canadian Solar presently has an average rating of “Reduce” and an average target price of $16.22.

Check Out Our Latest Analysis on CSIQ

Canadian Solar Price Performance

The business’s 50-day moving average price is $11.68 and its 200 day moving average price is $15.49. 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 $634.87 million, a P/E ratio of -2.43 and a beta of 1.53.

Canadian Solar (NASDAQ:CSIQ – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The solar energy provider reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($1.22). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. Canadian Solar had a negative return on equity of 5.57% and a negative net margin of 3.73%. The company’s revenue for the quarter was down 28.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.53) EPS. Analysts anticipate that Canadian Solar Inc. will post -2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CSIQ. Caisse de depot et placement du Quebec purchased a new stake in shares of Canadian Solar in the 2nd quarter valued at $2,262,141,000. Wellington Management Group LLP purchased a new position in shares of Canadian Solar in the second quarter worth about $1,018,259,000. Deutsche Bank AG purchased a new position in shares of Canadian Solar in the second quarter worth about $722,850,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Canadian Solar in the 2nd quarter valued at about $676,361,000. Finally, BlackRock Inc. bought a new stake in shares of Canadian Solar in the 2nd quarter valued at about $85,219,000. 52.36% of the stock is currently owned by 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.