Canadian Solar’s (CSIQ) Sell Rating Reiterated at Glj Research

Glj Research restated their sell rating on shares of Canadian Solar (NASDAQ:CSIQ) in a research note released on Thursday,Benzinga reports. The firm currently has a $5.58 price target on the solar energy provider’s stock.

A number of other brokerages have also recently commented on CSIQ. Mizuho upped their price target on shares of Canadian Solar from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Citigroup upgraded shares of Canadian Solar from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $11.00 to $18.00 in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Canadian Solar from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Freedom Capital downgraded Canadian Solar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Canadian Solar currently has a consensus rating of “Reduce” and an average price target of $17.75.

Canadian Solar Trading Down 6.0%

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

Canadian Solar (NASDAQ:CSIQ) last issued 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. Canadian Solar had a negative return on equity of 5.55% and a negative net margin of 3.73%.Canadian Solar’s revenue for the quarter was down 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.53) EPS. As a group, research analysts anticipate that Canadian Solar will post -2.51 EPS for the current year.

Hedge Funds Weigh In On Canadian Solar

Several hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 worth $63,000 after purchasing an additional 312 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Canadian Solar during the 2nd quarter valued at $96,000. Jones Financial Companies Lllp bought a new position in shares of Canadian Solar in the second quarter worth $100,000. Danske Bank A S bought a new position in shares of Canadian Solar in the second quarter worth $100,000. Finally, EFG International AG purchased a new stake in shares of Canadian Solar in the second quarter worth $161,000. Hedge funds and other institutional investors own 52.36% of the company’s stock.

Key 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 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.