Canadian Solar (NASDAQ:CSIQ) Releases Earnings Results, Misses Expectations By $1.26 EPS

Canadian Solar (NASDAQ:CSIQ) released its quarterly earnings data on Tuesday. The solar energy provider reported ($1.47) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($1.26), Zacks reports. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Canadian Solar had a net margin of 0.01% and a return on equity of 0.02%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) earnings per share. Canadian Solar updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Canadian Solar Stock Performance

Canadian Solar stock opened at $9.76 on Wednesday. The stock has a fifty day moving average price of $10.36 and a 200 day moving average price of $12.10. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. Canadian Solar has a 52 week low of $9.19 and a 52 week high of $21.05. The firm has a market capitalization of $645.71 million, a P/E ratio of -81.33, a PEG ratio of 0.74 and a beta of 1.34.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Mizuho began coverage on Canadian Solar in a research report on Friday, December 13th. They issued an “outperform” rating and a $20.00 price target for the company. Wells Fargo & Company dropped 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 report on Wednesday, January 8th. The Goldman Sachs Group cut shares of Canadian Solar from a “neutral” rating to a “sell” rating and cut their target price for the stock from $14.00 to $11.00 in a research report on Tuesday, December 17th. Finally, StockNews.com lowered shares of Canadian Solar from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock 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.