Canadian Solar (NASDAQ:CSIQ) Shares Up 6% – Should You Buy?

Posted by George Bondi on Sep 29th, 2026

Canadian Solar Inc. (NASDAQ:CSIQ – Get Free Report)’s stock price was up 6% during mid-day trading on Tuesday. The company traded as high as $10.83 and last traded at $11.0450. Approximately 504,212 shares traded hands during trading, a decline of 81% from the average daily volume of 2,641,416 shares. The stock had previously closed at $10.42.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup cut their price target on shares of Canadian Solar from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, August 27th. Wall Street Zen downgraded shares of Canadian Solar from a “sell” rating to a “strong sell” rating in a report on Saturday, August 29th. Mizuho dropped their target price on shares of Canadian Solar from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, August 28th. Roth Capital set a $15.00 target price on shares of Canadian Solar in a research note on Friday, August 28th. Finally, Glj Research restated a “sell” rating and set a $5.58 price target on shares of Canadian Solar in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Canadian Solar has an average rating of “Reduce” and a consensus target price of $17.75.

View Our Latest Analysis on CSIQ

Canadian Solar Price Performance

The firm has a market cap of $759.05 million, a PE ratio of -2.91 and a beta of 1.51. The stock’s fifty day moving average price is $13.77 and its 200-day moving average price is $15.07. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.02 and a quick ratio of 0.78.

Canadian Solar (NASDAQ:CSIQ – Get Free Report) last posted 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 business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Canadian Solar had a negative return on equity of 5.57% and a negative net margin of 3.73%.The business’s quarterly revenue was down 28.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.53) earnings per share. As a group, equities analysts expect that Canadian Solar Inc. will post -2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new stake in shares of Canadian Solar in the second quarter valued at approximately $96,000. Jones Financial Companies Lllp purchased a new stake in Canadian Solar in the 2nd quarter valued at $100,000. Danske Bank A S purchased a new stake in Canadian Solar in the 2nd quarter valued at $100,000. EFG International AG acquired a new stake in shares of Canadian Solar in the 2nd quarter worth $161,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Canadian Solar in the 2nd quarter worth $186,000. 52.36% of the stock is owned by hedge funds and other institutional investors.

About Canadian Solar

(Get Free Report)

Canadian Solar Inc (NASDAQ:CSIQ) is a solar technology and renewable energy company founded in 2001 by Shawn Qu and headquartered in Guelph, Ontario. The company designs and manufactures solar photovoltaic modules and provides related products, including battery energy storage systems, inverters and other equipment used in commercial, industrial and utility-scale renewable energy installations.

Through its CSI Solar business, Canadian Solar supplies solar modules and delivers integrated energy solutions, including engineering, procurement and construction services.