Guinness Asset Management LTD Sells 43,537 Shares of Canadian Solar Inc. $CSIQ

Posted by George Bondi on May 23rd, 2026

Guinness Asset Management LTD lessened its stake in Canadian Solar Inc. (NASDAQ:CSIQ – Free Report) by 12.1% in the fourth quarter, HoldingsChannel reports. The firm owned 316,459 shares of the solar energy provider’s stock after selling 43,537 shares during the period. Guinness Asset Management LTD’s holdings in Canadian Solar were worth $7,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Canadian Solar by 14,259.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 224,011 shares of the solar energy provider’s stock valued at $5,325,000 after acquiring an additional 222,451 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in shares of Canadian Solar during the 4th quarter valued at $2,995,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Canadian Solar during the 4th quarter valued at $389,000. UBS Group AG grew its position in shares of Canadian Solar by 71.3% during the 4th quarter. UBS Group AG now owns 399,963 shares of the solar energy provider’s stock valued at $9,507,000 after acquiring an additional 166,412 shares during the period. Finally, China Universal Asset Management Co. Ltd. bought a new stake in shares of Canadian Solar during the 4th quarter valued at $48,000. Institutional investors own 52.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSIQ. Wall Street Zen raised shares of Canadian Solar from a “strong sell” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Company cut 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 report on Wednesday, April 8th. Roth Mkm cut their price objective on shares of Canadian Solar from $30.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Canadian Solar in a research report on Friday, March 27th. Finally, Mizuho cut 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 report on Monday, March 23rd. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $18.36.

Get Our Latest Stock Analysis on Canadian Solar

Insiders Place Their Bets

In related news, Director Andrew Luen Cheung Wong sold 1,752 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 21.50% of the company’s stock.

Canadian Solar Trading Up 4.3%

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

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

About Canadian Solar

(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.