Canadian Solar (NASDAQ:CSIQ) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Canadian Solar (NASDAQ:CSIQ) from a sell rating to a strong sell rating in a report published on Saturday.

Several other research analysts also recently weighed in on the company. Citigroup dropped 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. Roth Capital set a $15.00 target price on shares of Canadian Solar in a report on Friday. Weiss Ratings lowered shares of Canadian Solar from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Mizuho cut their target price on shares of Canadian Solar from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Freedom Capital downgraded shares of Canadian Solar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $17.75.

Canadian Solar Price Performance

Shares of Canadian Solar stock opened at $13.14 on Friday. The stock’s 50-day simple moving average is $14.95 and its 200-day simple moving average is $16.09. Canadian Solar has a 52 week low of $9.41 and a 52 week high of $34.59. The company has a market capitalization of $892.21 million, a price-to-earnings ratio of -3.42 and a beta of 1.52. The company has a quick ratio of 0.81, a current ratio of 1.06 and a debt-to-equity ratio of 0.99.

Canadian Solar (NASDAQ:CSIQ) last released its quarterly earnings data 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). 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 last year, the company earned ($0.53) EPS. The business’s revenue was down 28.7% on a year-over-year basis. As a group, analysts expect that Canadian Solar will post -2.51 earnings per share for the current fiscal year.

Institutional Trading of Canadian Solar

A number of large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Canadian Solar by 7.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,796 shares of the solar energy provider’s stock valued at $63,000 after acquiring an additional 312 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Canadian Solar during the second quarter worth approximately $96,000. Jones Financial Companies Lllp bought a new stake in Canadian Solar during the second quarter worth approximately $100,000. Danske Bank A S purchased a new stake in Canadian Solar during the second quarter valued at approximately $100,000. Finally, EFG International AG purchased a new stake in Canadian Solar during the second quarter valued at approximately $161,000. Institutional investors own 52.36% of the company’s stock.

Key Headlines Impacting Canadian Solar

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

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.