Wellington Management Group LLP Makes New $1.02 Billion Investment in Canadian Solar Inc. $CSIQ

Wellington Management Group LLP bought a new position in Canadian Solar Inc. (NASDAQ:CSIQ) during the 2nd quarter, HoldingsChannel reports. The fund bought 8,537,192 shares of the solar energy provider’s stock, valued at approximately $1,018,259,000. Wellington Management Group LLP owned approximately 0.13% of Canadian Solar at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in Canadian Solar in the 2nd quarter worth approximately $25,000. Raymond James Financial Inc. bought a new position in Canadian Solar in the 2nd quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd boosted its stake in Canadian Solar by 335.1% during the 3rd 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 during the last quarter. Optiver Holding B.V. purchased a new stake in Canadian Solar during the 1st quarter valued at $44,000. Finally, Quarry LP bought a new stake in shares of Canadian Solar in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 52.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CSIQ shares. Citigroup decreased their price target on Canadian Solar from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday. Weiss Ratings cut Canadian Solar from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Wall Street Zen downgraded Canadian Solar from a “sell” rating to a “strong sell” rating in a report on Saturday. Glj Research reissued a “sell” rating and issued a $5.58 target price on shares of Canadian Solar in a research report on Thursday. Finally, Mizuho decreased their target price on Canadian Solar from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $17.75.

Canadian Solar Trading Down 6.0%

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

Canadian Solar (NASDAQ:CSIQ) last announced its 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). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Canadian Solar had a negative net margin of 3.73% and a negative return on equity of 5.55%. Canadian Solar’s quarterly revenue was down 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.53) earnings per share. Research analysts expect that Canadian Solar Inc. will post -1.81 earnings per share for the current year.

More 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 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.