Canadian Solar (NASDAQ:CSIQ) Shares Down 4.3% on Disappointing Earnings

Shares of Canadian Solar Inc. (NASDAQ:CSIQ) were down 4.3% on Friday following a weaker than expected earnings announcement. The company traded as low as $13.27 and last traded at $13.38. Approximately 333,869 shares were traded during mid-day trading, a decline of 88% from the average session volume of 2,718,959 shares. The stock had previously closed at $13.98.

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 return on equity of 4.20% and a negative net margin of 1.87%.The firm’s quarterly revenue was down 28.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.53) EPS.

Trending Headlines about Canadian Solar

Here are the key news stories impacting Canadian Solar this week:

• Positive Sentiment: Canadian Solar’s second-quarter revenue of $1.21 billion exceeded the $1.17 billion consensus estimate. Energy-storage shipments also reached a record 3.7 GWh, above the company’s 2.8–3.2 GWh guidance, with storage shipments reported as up 73% year over year. Canadian Solar Reports Second Quarter 2026 Results
• Neutral Sentiment: Mizuho lowered its price target from $18 to $17 while maintaining a neutral rating. The revised target still implies substantial potential upside from the recent trading level, but the cut signals limited near-term conviction. Mizuho price target update
• Negative Sentiment: Canadian Solar reported a second-quarter loss of $1.40 per share, substantially worse than expectations and the $0.53 loss recorded a year earlier. Revenue declined 28.7% year over year, and the company posted negative net margin and return on equity. Canadian Solar shares slip after Q2 earnings miss
• Negative Sentiment: Third-quarter revenue guidance of $1.3 billion to $1.5 billion fell well short of the approximately $1.7 billion analyst consensus. Management also warned that ramping up U.S. manufacturing capacity could create additional profit pressure, reinforcing concerns about margins and near-term earnings. Canadian Solar softer Q3 setup
• Negative Sentiment: GLJ Research reaffirmed its sell rating and assigned a $5.58 price target, highlighting the sharply divided analyst outlook. GLJ Research rating update

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CSIQ shares. Wall Street Zen raised Canadian Solar from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Freedom Capital downgraded shares of Canadian Solar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Citigroup reissued a “neutral” rating on shares of Canadian Solar in a research report on Thursday. Mizuho cut their price objective on shares of Canadian Solar from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Glj Research reaffirmed a “sell” rating and issued a $5.58 price objective on shares of Canadian Solar in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $18.02.

Institutional Investors Weigh In On Canadian Solar

A number of large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company purchased a new stake in Canadian Solar during the 2nd quarter worth approximately $631,683,000. Deutsche Bank AG purchased a new position in shares of Canadian Solar in the second quarter worth $722,850,000. UBS Group AG raised its holdings in shares of Canadian Solar by 71.3% in the fourth quarter. UBS Group AG now owns 399,963 shares of the solar energy provider’s stock worth $9,507,000 after buying an additional 166,412 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Canadian Solar by 930.3% during the first quarter. Hsbc Holdings PLC now owns 120,450 shares of the solar energy provider’s stock worth $1,668,000 after buying an additional 108,759 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new stake in shares of Canadian Solar during the fourth quarter valued at $2,995,000. Hedge funds and other institutional investors own 52.36% of the company’s stock.

Canadian Solar Stock Down 4.4%

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.06 and a quick ratio of 0.81. The business’s fifty day moving average price is $15.01 and its two-hundred day moving average price is $16.11. The stock has a market capitalization of $907.82 million, a PE ratio of -5.31 and a beta of 1.52.

Canadian Solar Company 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.