Legal & General Group Plc Takes Position in Canadian Solar Inc. $CSIQ

Legal & General Group Plc bought a new position in Canadian Solar Inc. (NASDAQ:CSIQ) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,658,787 shares of the solar energy provider’s stock, valued at approximately $42,587,000. Legal & General Group Plc owned 3.92% of Canadian Solar at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Canadian Solar during the second quarter worth about $25,000. Raymond James Financial Inc. purchased a new stake in Canadian Solar in the second quarter worth about $33,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Canadian Solar by 335.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 3,198 shares of the solar energy provider’s stock valued at $42,000 after purchasing an additional 2,463 shares in the last quarter. Optiver Holding B.V. bought a new position in shares of Canadian Solar during the first quarter valued at approximately $44,000. Finally, Quarry LP purchased a new position in shares of Canadian Solar during the fourth quarter valued at approximately $54,000. 52.36% of the stock is currently owned by 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

Canadian Solar Stock Performance

CSIQ stock opened at $13.14 on Friday. The stock has a market capitalization of $892.21 million, a PE ratio of -3.42 and a beta of 1.52. Canadian Solar Inc. has a 12-month low of $9.41 and a 12-month high of $34.59. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $14.95 and its 200 day simple moving average is $16.09.

Canadian Solar (NASDAQ:CSIQ) last posted its earnings results on Thursday, August 27th. The solar energy provider reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.22). Canadian Solar had a negative return on equity of 5.55% and a negative net margin of 3.73%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business posted ($0.53) EPS. The firm’s revenue for the quarter was down 28.7% on a year-over-year basis. As a group, research analysts forecast that Canadian Solar Inc. will post -1.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CSIQ shares. Roth Capital set a $15.00 price target on Canadian Solar in a research report on Friday. Freedom Capital cut Canadian Solar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Glj Research reissued a “sell” rating and issued a $5.58 target price on shares of Canadian Solar in a report on Thursday. Wall Street Zen cut Canadian Solar from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Citigroup reduced their price target on Canadian Solar from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday. Three investment 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. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $17.75.

About Canadian Solar

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.