Canada Solar Inc. Zacks Research analyst R. Department now expects that the photo voltaic power supplier will earn $3.65 per share for the 12 months, up from their earlier estimate of $3.63. The consensus estimate for Canadian Solar’s present full 12 months is $2.58 per share. Zacks Research additionally issued estimates for Canadian Solar’s This fall 2025 earnings at $1.09 EPS and Q1 2026 earnings at $0.90 EPS.
Canadian Solar (NASDAQ:CSIQ – Get Free Report ) final launched its quarterly earnings outcomes on Thursday, March 14th. The photo voltaic power supplier reported ($0.02) earnings per share for the quarter, beating estimates of analysts had been ($0.13) to $0.11. Canadian Solar has a internet margin of three.60% and a return on fairness of 8.31%. The firm had income of $1.70 billion for the quarter, in comparison with the consensus estimate of $1.69 billion. During the identical interval final 12 months, the corporate earned $1.11 EPS. Business income decreased 13.7% on a year-over-year foundation.
Several different equities analysts additionally not too long ago commented on CSIQ. StockNews.com raised Canadian Solar from a “promote” ranking to a “maintain” ranking in a report on Thursday, April eleventh. Goldman Sachs Group decreased their value goal on Canadian Solar from $28.00 to $24.00 and set a “impartial” ranking for the corporate in a analysis report on Friday, March fifteenth. Daiwa Capital Markets assumed protection on shares of Canadian Solar in a report on Monday, March eleventh. They issued a “impartial” ranking and a $21.00 value goal on the inventory. Wells Fargo & Company dropped their value goal on shares of Canadian Solar from $28.00 to $23.00 and set an “equal weight” ranking for the corporate in a analysis word on Tuesday, March nineteenth. of Citigroup upped their goal value on shares of Canadian Solar from $26.00 to $24.00 and set a “impartial” ranking on the inventory in a analysis report on Friday, March fifteenth. One equities analysis analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and 4 have issued a purchase ranking to the corporate’s inventory. Based on information from MarketBeat, the corporate at present has a consensus ranking of “Hold” and a median goal value of $31.78.
Check out Our Latest CSIQ Report
Canadian Solar Stock Up 1.4%
NASDAQ CSIQ opened at $16.79 on Friday. Canadian Solar has a twelve month low of $14.11 and a twelve month excessive of $45.29. The inventory has a market cap of $1.11 billion, a PE ratio of 4.33, a PEG ratio of 0.25 and a beta of 1.29. The firm has a 50-day easy shifting common of $18.24 and a 200-day easy shifting common of $20.92. The firm has a debt-to-equity ratio of 0.45, a fast ratio of 0.84 and a present ratio of 1.04.
Institutional Investors Weigh in on Canadian Solar
Hedge funds have not too long ago made modifications to their positions within the firm. Mackenzie Financial Corp grew its stake in Canadian Solar by 27.1% in the course of the fourth quarter. Mackenzie Financial Corp now owns 3,952,015 shares of the photo voltaic power supplier’s inventory price $103,661,000 after shopping for a further 843,100 shares within the final quarter. Vanguard Group Inc. grew its place in Canadian Solar by 0.4% in the course of the third quarter. Vanguard Group Inc. now owns 1,964,359 shares of the photo voltaic power supplier’s inventory price $48,343,000 after buying a further 8,317 shares within the final quarter. Creative Planning elevated its holdings in Canadian Solar by 103.3% in the course of the third quarter. Creative Planning now owns 404,759 shares of the photo voltaic power supplier’s inventory price $9,961,000 after shopping for a further 205,671 shares within the final quarter. DekaBank Deutsche Girozentrale elevated its place in Canadian Solar by 8.0% within the 4th quarter. DekaBank Deutsche Girozentrale now owns 12,481 shares of the photo voltaic power supplier’s inventory valued at $326,000 after shopping for a further 928 shares within the final quarter. Finally, Cerity Partners LLC purchased a brand new place in Canadian Solar within the 4th quarter valued at $2,540,000. Institutional buyers and hedge funds personal 52.36% of the corporate’s inventory.
About Canadian Solar
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Canadian Solar Inc, along with its subsidiaries, gives photo voltaic and battery power storage merchandise and options in Asia, America, Europe, and internationally. The firm operates by way of two segments, CSI Solar and Recurrent Energy. The CSI Solar section designs, develops, and manufactures photo voltaic ingots, wafers, cells, modules, and different solar energy and battery storage merchandise.
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