Mizuho Cuts Canadian Solar (NASDAQ:CSIQ) Price Target to $17.00

Canadian Solar (NASDAQ:CSIQ) had its target price reduced by Mizuho from $18.00 to $17.00 in a research note released on Friday morning, MarketBeat Ratings reports. They currently have a neutral rating on the solar energy provider’s stock.

A number of other equities research analysts have also commented on CSIQ. Freedom Capital lowered shares of Canadian Solar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Citigroup cut their price target on shares of Canadian Solar from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday. Glj Research restated a “sell” rating and issued a $5.58 price objective on shares of Canadian Solar in a research report on Thursday. Finally, Wall Street Zen raised shares of Canadian Solar from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $17.75.

Canadian Solar Price Performance

CSIQ stock opened at $13.14 on Friday. The firm’s fifty day moving average is $14.95 and its 200 day moving average is $16.05. Canadian Solar has a 52 week low of $9.41 and a 52 week high of $34.59. The firm has a market cap 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 0.95, a quick ratio of 0.78 and a current ratio of 1.02.

Canadian Solar (NASDAQ:CSIQ) last announced its quarterly earnings results on Thursday, August 27th. The solar energy provider reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.22). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Canadian Solar had a negative return on equity of 5.57% and a negative net margin of 3.73%.Canadian Solar’s revenue for the quarter was down 28.7% on a year-over-year basis. During the same period last year, the firm earned ($0.53) earnings per share. Research analysts predict that Canadian Solar will post -2.51 earnings per share for the current year.

Institutional Investors Weigh In On Canadian Solar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in Canadian Solar in the second quarter worth approximately $25,000. Raymond James Financial Inc. bought a new stake in shares of Canadian Solar during the 2nd quarter valued at $33,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 acquiring an additional 2,463 shares during the period. Optiver Holding B.V. purchased a new stake in shares of Canadian Solar in the 1st quarter worth $44,000. Finally, Quarry LP bought a new position in Canadian Solar in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 52.36% of the company’s stock.

Trending Headlines about 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.