Canadian Solar (NASDAQ:CSIQ) Issues Earnings Results, Misses Estimates By $1.26 EPS

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

Canadian Solar Price Performance

CSIQ stock opened at $9.76 on Wednesday. The company has a market capitalization of $645.71 million, a PE ratio of -81.33, a P/E/G ratio of 0.74 and a beta of 1.34. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average price is $10.36 and its 200 day moving average price is $12.10. Canadian Solar has a 12-month low of $9.19 and a 12-month high of $21.05.

Wall Street Analysts Forecast Growth

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