Hsbc Holdings PLC Acquires New Stake in Canadian Solar Inc. $CSIQ

Hsbc Holdings PLC acquired a new stake in shares of Canadian Solar Inc. (NASDAQ:CSIQ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 325,847 shares of the solar energy provider’s stock, valued at approximately $5,220,000.

Other large investors have also bought and sold shares of the company. Deutsche Bank AG bought a new stake in shares of Canadian Solar in the second quarter valued at $722,850,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Canadian Solar during the 2nd quarter worth $676,361,000. BlackRock Inc. bought a new position in shares of Canadian Solar during the 2nd quarter worth $85,219,000. The Manufacturers Life Insurance Company purchased a new stake in Canadian Solar in the 2nd quarter worth about $631,683,000. Finally, Canada Pension Plan Investment Board bought a new stake in Canadian Solar in the 2nd quarter valued at about $532,044,000. 52.36% of the stock is owned by hedge funds and other institutional investors.

Key Canadian Solar News

Here are the key news stories impacting Canadian Solar this week:

• Positive Sentiment: Energy-storage shipments reached 3.7 GWh, exceeding the company’s 2.8–3.2 GWh guidance and reportedly rising 73% year over year. This growth provides a potential offset to weakness in the solar-module business. Canadian Solar Reports Second Quarter 2026 Results
• Positive Sentiment: Second-quarter revenue of $1.21 billion exceeded the roughly $1.17 billion analyst estimate, although the increase was not enough to offset the earnings shortfall. Canadian Solar Beats on Revenue, But Investors Face Softer Q3 Setup
• Neutral Sentiment: Mizuho lowered its price target from $18 to $17 and maintained a neutral rating. The revised target still implies substantial upside from recent levels, but the reduction reflects ongoing execution and profitability concerns. Benzinga analyst update
• Negative Sentiment: Canadian Solar reported a second-quarter loss of $1.40 per share, far worse than analyst expectations and the $0.53 loss recorded a year earlier. Revenue fell 28.7% year over year, while lower solar-module sales contributed to the downturn. Canadian Solar Posts Q2 2026 Loss
• Negative Sentiment: Management guided third-quarter revenue to $1.3–$1.5 billion, below the approximately $1.7 billion consensus estimate, signaling continued demand and margin pressure. The CEO also warned that the U.S. factory ramp-up could weigh further on profits. Canadian Solar CEO Warns of More Profit Pressure
• Negative Sentiment: GLJ Research reaffirmed a sell rating with a $5.58 price target, reinforcing bearish sentiment after the earnings release. Benzinga analyst update

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Glj Research reaffirmed a “sell” rating and set a $5.58 price objective on shares of Canadian Solar in a report on Thursday. Citigroup reduced their target price on shares of Canadian Solar from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday. Weiss Ratings lowered shares of Canadian Solar from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Wall Street Zen cut shares of Canadian Solar from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Mizuho cut their price objective on shares of Canadian Solar from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $17.75.

Canadian Solar Stock Performance

NASDAQ:CSIQ opened at $13.14 on Friday. The business’s fifty day moving average is $14.95 and its 200 day moving average is $16.09. The firm has a market cap of $892.21 million, a price-to-earnings ratio of -3.42 and a beta of 1.52. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 1.06. Canadian Solar Inc. has a 52-week low of $9.41 and a 52-week high of $34.59.

Canadian Solar (NASDAQ:CSIQ) last issued its 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 company 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 5.55% and a negative net margin of 3.73%.The firm’s revenue for the quarter was down 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.53) EPS. Research analysts predict that Canadian Solar Inc. will post -1.81 EPS for the current year.

Canadian Solar Company Profile

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.