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Canadian Solar Inc (CSIQ) Stock Forecast & Price Prediction

Live CSIQ Stock Price & Analysis

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$10.18

-0.11 (-1.07%)

12 Month Price Forecast For CSIQ

$10.18
Current Price
$669.69M
Market Cap
10 Ratings
Buy 5
Hold 2
Sell 3
Wall St Analyst Ratings

Distance to CSIQ Price Forecasts

+165.2%
To High Target of $27.00
+33.3%
To Median Target of $13.58
-1.8%
To Low Target of $10.00

CSIQ Price Momentum

-1.3%
1 Week Change
-20.1%
1 Month Change
-53.9%
1 Year Change
-8.5%
Year-to-Date Change
-58.1%
From 52W High of $24.32
+6.5%
From 52W Low of $9.56

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 8, 2025 2:50 AM UTC

CSIQ Analyst Ratings & Price Targets

Based on our analysis of 17 Wall Street analysts, CSIQ has a consensus that is neutral. The median price target is $13.58, with forecasts ranging from $10.00 to $27.00. Currently, there are 5 Buy ratings, 2 Hold ratings, and 3 Sell ratings.

With CSIQ currently trading at $10.18, the median price forecast suggests a 33.3% upside. The most optimistic forecast comes from Colin Rusch at Oppenheimer, projecting a 165.2% upside, while Michael Blum at Wells Fargo provides the most conservative target, suggesting a -1.8% downside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

CSIQ Analyst Consensus

5
Buy
2
Hold
3
Sell

CSIQ Price Target Range

Low
$10.00
Average
$13.58
High
$27.00
Current: $10.18

Latest CSIQ Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for CSIQ.

Date Firm Analyst Rating Change Price Target
Jan 8, 2025 Wells Fargo Michael Blum Equal-Weight Maintains $10.00
Dec 13, 2024 Mizuho Maheep Mandloi Outperform Initiates $20.00
Dec 5, 2024 Wells Fargo Michael Blum Equal-Weight Maintains $13.00
Nov 22, 2024 Jefferies Johnson Wan Buy Initiates $14.15
Oct 22, 2024 Citigroup Vikram Bagri Sell Downgrade $11.00
Aug 26, 2024 Roth MKM Philip Shen Buy Maintains $20.00
Aug 26, 2024 Goldman Sachs Brian Lee Neutral Maintains $16.00
Aug 23, 2024 Oppenheimer Colin Rusch Outperform Maintains $27.00
Jul 30, 2024 GLJ Research Gordon Johnson Sell Maintains $12.28
Jul 16, 2024 JP Morgan Mark Strouse Underweight Maintains $20.00
Jun 12, 2024 UBS Jon Windham Buy Maintains $35.00
May 22, 2024 Roth MKM Philip Shen Buy Maintains $25.00
Mar 19, 2024 Wells Fargo Michael Blum Equal-Weight Maintains $23.00
Mar 15, 2024 Goldman Sachs Brian Lee Neutral Maintains $24.00
Mar 15, 2024 Citigroup J.B. Lowe Neutral Maintains $24.00
Mar 13, 2024 GLJ Research Gordon Johnson Sell Maintains $9.10
Jan 24, 2024 Goldman Sachs Brian Lee Neutral Maintains $28.00
Dec 18, 2023 Goldman Sachs Brian Lee Neutral Upgrade $25.00
Nov 17, 2023 UBS Jon Windham Buy Maintains $36.00
Nov 15, 2023 JP Morgan Mark Strouse Underweight Downgrade $22.00

Stocks Similar to Canadian Solar Inc

The following stocks are similar to Canadian Solar based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Canadian Solar Inc (CSIQ) Financial Data

Canadian Solar Inc has a market capitalization of $669.69M with a P/E ratio of 25.0x. The company generates $6.51B in trailing twelve-month revenue with a 0.6% profit margin.

Revenue growth is -30.8% quarter-over-quarter, while maintaining an operating margin of +2.9% and return on equity of +3.4%.

Valuation Metrics

Market Cap $669.69M
Enterprise Value $4.55B
P/E Ratio 25.0x
PEG Ratio 3.5x
Price/Sales 0.1x

Growth & Margins

Revenue Growth (YoY) -30.8%
Gross Margin +16.4%
Operating Margin +2.9%
Net Margin +0.6%
EPS Growth -97.8%

Financial Health

Cash/Price Ratio +239.6%
Current Ratio 1.0x
Debt/Equity 107.9x
ROE +3.4%
ROA +1.1%

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Canadian Solar Inc logo

Canadian Solar Inc (CSIQ) Company Overview

About Canadian Solar Inc

What They Do

Provides solar energy and battery storage solutions.

Business Model

The company generates revenue through two main segments: CSI Solar and Recurrent Energy. CSI Solar focuses on the design, manufacture, and sale of solar products and battery storage solutions, while Recurrent Energy develops and operates solar power plants and battery storage projects, providing O&M services. This diversified approach enables the company to capitalize on both product sales and service contracts.

Additional Information

Canadian Solar Inc. has a significant operational capacity with approximately 1,005 MWp of solar and 600 MWh of battery energy storage. It serves a broad range of customers, including utility companies, project developers, and corporate clients, and sells products under the Canadian Solar brand. Established in 2001, the company is headquartered in Guelph, Canada, and operates internationally across multiple markets.

Company Information

Sector

Technology

Industry

Solar

Employees

22,234

CEO

Dr. Xiaohua Qu Ph.D.

Country

Canada

IPO Year

2006

Canadian Solar Inc (CSIQ) Latest News & Analysis

CSIQ stock latest news image
Quick Summary

Canadian Solar CEO Dr. Shawn Qu has been named an Innovator on the TIME100 Climate 2024 list, highlighting his contributions to renewable energy and leadership in solar solutions.

Why It Matters

Dr. Shawn Qu's recognition on the TIME100 Climate 2024 list highlights Canadian Solar's leadership in renewable energy, potentially boosting investor confidence and enhancing the company's market position.

Source: PRNewsWire
Market Sentiment: Neutral
CSIQ stock latest news image
Quick Summary

Canadian Solar Inc. has opened its new global headquarters in Ontario, Canada. The company, founded in 2001, employs around 20,000 and operates in over 20 countries.

Why It Matters

Canadian Solar's new headquarters signals growth and commitment to innovation, potentially enhancing its competitive edge and attracting investment in the renewable sector.

Source: PRNewsWire
Market Sentiment: Neutral
CSIQ stock latest news image
Quick Summary

Canadian Solar's e-STORAGE, a subsidiary of CSI Solar, has signed contracts with Copenhagen Infrastructure Partners' CI IV fund, enhancing its strategic partnerships.

Why It Matters

The contract between Canadian Solar's e-STORAGE and Copenhagen Infrastructure Partners signals potential growth and revenue for the company, influencing investor sentiment and stock performance.

Source: PRNewsWire
Market Sentiment: Neutral
CSIQ stock latest news image
Quick Summary

CSIQ has signed a contract with CIP to provide 2 GWh DC battery energy storage systems for two major projects in Scotland.

Why It Matters

CSIQ's deal for battery storage systems boosts its revenue prospects and strengthens its position in the renewable energy sector, signaling growth opportunities that can enhance investor confidence.

Source: Zacks Investment Research
Market Sentiment: Neutral
CSIQ stock latest news image
Quick Summary

Solar stocks declined in November following the U.S. Presidential election, as bullish traders exited the sector, impacting market sentiment through the end of 2024.

Why It Matters

The decline in solar stocks post-election signals reduced investor confidence, impacting future funding and growth potential in the renewable energy sector.

Source: Schaeffers Research
Market Sentiment: Negative
CSIQ stock latest news image
Quick Summary

Pony.ai (NASDAQ: PONY) plans to launch driverless transportation services at Hong Kong International Airport, expanding its autonomous mobility in the region.

Why It Matters

Pony.ai's expansion into driverless services at a major airport signals growth potential in the autonomous vehicle sector, attracting investor interest and potentially boosting stock performance.

Source: Green Stock News
Market Sentiment: Positive

Frequently Asked Questions About CSIQ Stock

What is Canadian Solar Inc's (CSIQ) stock forecast for 2025?

Based on our analysis of 17 Wall Street analysts, Canadian Solar Inc (CSIQ) has a median price target of $13.58. The highest price target is $27.00 and the lowest is $10.00.

Is CSIQ stock a good investment in 2025?

According to current analyst ratings, CSIQ has 5 Buy ratings, 2 Hold ratings, and 3 Sell ratings. The stock is currently trading at $10.18. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for CSIQ stock?

Wall Street analysts predict CSIQ stock could reach $13.58 in the next 12 months. This represents a 33.3% increase from the current price of $10.18. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Canadian Solar Inc's business model?

The company generates revenue through two main segments: CSI Solar and Recurrent Energy. CSI Solar focuses on the design, manufacture, and sale of solar products and battery storage solutions, while Recurrent Energy develops and operates solar power plants and battery storage projects, providing O&M services. This diversified approach enables the company to capitalize on both product sales and service contracts.

What is the highest forecasted price for CSIQ Canadian Solar Inc?

The highest price target for CSIQ is $27.00 from Colin Rusch at Oppenheimer, which represents a 165.2% increase from the current price of $10.18.

What is the lowest forecasted price for CSIQ Canadian Solar Inc?

The lowest price target for CSIQ is $10.00 from Michael Blum at Wells Fargo, which represents a -1.8% decrease from the current price of $10.18.

What is the overall CSIQ consensus from analysts for Canadian Solar Inc?

The overall analyst consensus for CSIQ is neutral. Out of 17 Wall Street analysts, 5 rate it as Buy, 2 as Hold, and 3 as Sell, with a median price target of $13.58.

How accurate are CSIQ stock price projections?

Stock price projections, including those for Canadian Solar Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.