Mizuho Issues Pessimistic Forecast for Canadian Solar (NASDAQ:CSIQ) Stock Price

Canadian Solar (NASDAQ:CSIQ) had its price objective cut by analysts at Mizuho from $18.00 to $17.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the solar energy provider’s stock. Mizuho’s price target suggests a potential upside of 21.60% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Freedom Capital downgraded Canadian Solar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen upgraded Canadian Solar from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Citigroup reiterated a “neutral” rating on shares of Canadian Solar in a research report on Thursday. Finally, Glj Research restated a “sell” rating and set a $5.58 target price on shares of Canadian Solar in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $18.02.

Canadian Solar Stock Up 0.8%

Shares of NASDAQ CSIQ opened at $13.98 on Friday. Canadian Solar has a 52-week low of $9.41 and a 52-week high of $34.59. 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 stock has a market cap of $949.24 million, a P/E ratio of -5.55 and a beta of 1.52. The firm has a 50 day moving average price of $15.01 and a 200 day moving average price of $16.11.

Canadian Solar (NASDAQ:CSIQ) last announced its quarterly earnings results on Thursday, August 27th. The solar energy provider reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.22). Canadian Solar had a negative return on equity of 4.20% and a negative net margin of 1.87%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned ($0.53) earnings per share. The company’s revenue for the quarter was down 28.7% compared to the same quarter last year. Analysts expect that Canadian Solar will post -1.81 EPS for the current year.

Hedge Funds Weigh In On Canadian Solar

A number of large investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Canadian Solar in the second quarter valued at approximately $96,000. Jones Financial Companies Lllp bought a new stake in Canadian Solar during the 2nd quarter worth about $100,000. Danske Bank A S acquired a new position in shares of Canadian Solar during the 2nd quarter worth about $100,000. EFG International AG acquired a new stake in shares of Canadian Solar in the second quarter valued at about $161,000. Finally, Kelleher Financial Advisors acquired a new position in Canadian Solar during the second quarter valued at approximately $186,000. Institutional investors and hedge funds own 52.36% of the company’s stock.

Key Stories Impacting Canadian Solar

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

• Positive Sentiment: Energy-storage shipments reached 3.7 gigawatt-hours, above the company’s guidance range of 2.8–3.2 GWh and up 73% year over year, highlighting continued growth in a higher-potential part of the business. Canadian Solar Reports Second Quarter 2026 Results
• Positive Sentiment: Second-quarter revenue of $1.21 billion topped the roughly $1.17 billion consensus estimate, providing some support for the stock despite the earnings shortfall. Canadian Solar Beats on Revenue, But Investors Face Softer Q3 Setup
• Neutral Sentiment: Short interest increased ahead of the earnings release, potentially contributing to heightened volatility and creating the possibility of short-covering if sentiment improves. CSIQ Stock Rises Premarket
• Negative Sentiment: Canadian Solar reported a $1.40-per-share loss, substantially wider than the expected $0.18 loss and worse than the $0.53 loss recorded a year earlier. Revenue also fell 28.7% year over year. Canadian Solar Q2 Loss Wider Than Estimates
• Negative Sentiment: Third-quarter revenue guidance of $1.3–$1.5 billion was below the approximately $1.7 billion analyst consensus, signaling weaker near-term demand or execution than investors had anticipated. Canadian Solar Reports Q2 Loss
• Negative Sentiment: Management warned that ramping up its U.S. factory would create additional profit pressure, adding to concerns about margins, while analysts at GLJ Research reaffirmed a “sell” rating with a $5.58 price target. Canadian Solar CEO Warns of More Profit Pressure

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.