Canadian Solar (NASDAQ:CSIQ) Issues Quarterly Earnings Results, Beats Expectations By $0.50 EPS

Canadian Solar (NASDAQ:CSIQ) released its earnings results on Thursday. The solar energy provider reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.50, Zacks reports. Canadian Solar had a negative return on equity of 4.97% and a negative net margin of 0.12%.The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted ($0.31) EPS. The company’s revenue was down 1.3% on a year-over-year basis. Canadian Solar updated its Q4 2025 guidance to EPS.

Canadian Solar Trading Up 17.3%

CSIQ traded up $4.96 during mid-day trading on Friday, hitting $33.58. 11,722,086 shares of the stock were exchanged, compared to its average volume of 2,204,659. The firm’s fifty day moving average is $16.74 and its two-hundred day moving average is $13.10. Canadian Solar has a 1-year low of $6.57 and a 1-year high of $34.59. The company has a market cap of $2.25 billion, a PE ratio of -55.97 and a beta of 1.35. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.98.

Institutional Investors Weigh In On Canadian Solar

Hedge funds and other institutional investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Canadian Solar during the 3rd quarter valued at approximately $174,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Canadian Solar by 7.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,796 shares of the solar energy provider’s stock valued at $63,000 after purchasing an additional 312 shares during the last quarter. Two Sigma Investments LP acquired a new position in Canadian Solar during the third quarter worth approximately $11,544,000. Jump Financial LLC acquired a new position in Canadian Solar in the third quarter valued at $2,210,000. Finally, Invesco Ltd. grew its stake in Canadian Solar by 19.3% during the third quarter. Invesco Ltd. now owns 2,200,622 shares of the solar energy provider’s stock worth $28,696,000 after buying an additional 356,625 shares during the period. Institutional investors and hedge funds own 52.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Canadian Solar from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Canadian Solar in a research report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and set a $19.64 target price (up from $13.70) on shares of Canadian Solar in a research report on Monday, November 3rd. Wells Fargo & Company lowered their target price on shares of Canadian Solar from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 3rd. Finally, The Goldman Sachs Group increased their price objective on Canadian Solar from $9.00 to $10.00 and gave the stock a “sell” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $12.71.

About Canadian Solar

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.