Canadian Solar (NASDAQ:CSIQ) Issues Quarterly Earnings Results

Canadian Solar (NASDAQ:CSIQ) posted its earnings results on Tuesday. The solar energy provider reported ($1.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($1.26), Zacks reports. Canadian Solar had a net margin of 0.01% and a return on equity of 0.02%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business posted ($0.02) EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Canadian Solar updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Canadian Solar Price Performance

Shares of CSIQ stock opened at $9.94 on Thursday. Canadian Solar has a fifty-two week low of $9.19 and a fifty-two week high of $21.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.06. The firm has a market capitalization of $657.62 million, a price-to-earnings ratio of -82.83, a PEG ratio of 0.74 and a beta of 1.34. The stock’s 50-day simple moving average is $10.33 and its 200-day simple moving average is $12.08.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded Canadian Solar from a “hold” rating to a “sell” rating in a report on Friday, January 31st. The Goldman Sachs Group reduced their price target on Canadian Solar from $11.00 to $9.00 and set a “sell” rating for the company in a research report on Wednesday. Citigroup dropped their price objective on Canadian Solar from $12.00 to $11.00 and set a “sell” rating on the stock in a research report on Wednesday. Finally, Mizuho initiated coverage on shares of Canadian Solar in a report on Friday, December 13th. They issued an “outperform” rating and a $20.00 target price for the company. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.84.

Canadian Solar Company Profile

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.