Canadian Solar (NASDAQ:CSIQ) Posts Earnings Results

Canadian Solar (NASDAQ:CSIQ) announced its earnings results on Tuesday. The solar energy provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.69, Briefing.com reports. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.57 billion. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) EPS. Canadian Solar updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Canadian Solar Price Performance

Shares of CSIQ opened at $9.70 on Tuesday. The company has a market capitalization of $641.74 million, a P/E ratio of -80.83, a price-to-earnings-growth ratio of 0.74 and a beta of 1.34. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. Canadian Solar has a twelve month low of $9.19 and a twelve month high of $21.05. The firm has a 50 day moving average of $10.39 and a 200 day moving average of $12.11.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CSIQ shares. StockNews.com downgraded Canadian Solar from a “hold” rating to a “sell” rating in a report on Friday, January 31st. The Goldman Sachs Group cut shares of Canadian Solar from a “neutral” rating to a “sell” rating and lowered their price target for the company from $14.00 to $11.00 in a research report on Tuesday, December 17th. Mizuho started coverage on shares of Canadian Solar in a research note on Friday, December 13th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.04.

Canadian Solar Company Profile

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.