Canadian Solar (NASDAQ:CSIQ) Trading 7.3% Higher – Here’s What Happened

14 Jun 2026, 09:13 by Tristan Rich · The Markets Daily

Canadian Solar Inc. (NASDAQ:CSIQ – Get Free Report)’s stock price traded up 7.3% during mid-day trading on Friday . The stock traded as high as $16.97 and last traded at $16.9050. 485,377 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 2,977,488 shares. The stock had previously closed at $15.76.

Analyst Ratings Changes

CSIQ has been the topic of several recent analyst reports. Mizuho reduced their target price on Canadian Solar from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Wells Fargo & Company reduced their target price on Canadian Solar from $23.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Roth Mkm reduced their target price on Canadian Solar from $30.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Oppenheimer reduced their target price on Canadian Solar from $38.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Finally, Wall Street Zen upgraded Canadian Solar from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $18.36.

Check Out Our Latest Analysis on Canadian Solar

Canadian Solar Price Performance

The company has a 50-day moving average of $16.14 and a two-hundred day moving average of $19.13. The stock has a market capitalization of $1.13 billion, a PE ratio of -6.64 and a beta of 1.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.06 and a quick ratio of 0.81.

Canadian Solar (NASDAQ:CSIQ – Get Free Report) last released its earnings results on Friday, May 15th. The solar energy provider reported ($0.71) earnings per share for the quarter, topping the consensus estimate of ($1.06) by $0.35. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $950.43 million. Canadian Solar had a negative return on equity of 4.20% and a negative net margin of 1.87%.The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.07) earnings per share. Sell-side analysts predict that Canadian Solar Inc. will post -1.16 EPS for the current fiscal year.

Insider Activity

In other Canadian Solar news, Director Andrew Luen Cheung Wong sold 1,752 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $16.33, for a total transaction of $28,610.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie Li Hsien Chang sold 1,767 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $19.45, for a total value of $34,368.15. The disclosure for this sale is available in the SEC filing. Corporate insiders own 21.50% of the company’s stock.

Institutional Investors Weigh In On Canadian Solar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Canadian Solar by 19.3% during the third quarter. Invesco Ltd. now owns 2,200,622 shares of the solar energy provider’s stock worth $28,696,000 after acquiring an additional 356,625 shares during the last quarter. Legal & General Group Plc increased its stake in Canadian Solar by 13.0% during the third quarter. Legal & General Group Plc now owns 2,051,228 shares of the solar energy provider’s stock worth $26,741,000 after acquiring an additional 236,115 shares during the last quarter. Polunin Capital Partners Ltd acquired a new stake in Canadian Solar during the fourth quarter worth about $43,692,000. Bank of America Corp DE increased its stake in Canadian Solar by 292.7% during the first quarter. Bank of America Corp DE now owns 1,071,486 shares of the solar energy provider’s stock worth $14,840,000 after acquiring an additional 798,610 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Canadian Solar during the third quarter worth about $11,544,000. 52.36% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Solar

(Get Free Report)

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.