In the latest trading session, 0.43 million Canadian Solar Inc (NASDAQ:CSIQ) shares changed hands as the company’s beta touched 1.27. With the company’s most recent per share price at $10.53 changing hands around $0.75 or 7.72% at last look, the market valuation stands at $697.15M. CSIQ’s current price is a discount, trading about -99.91% off its 52-week high of $21.05. The share price had its 52-week low at $9.19, which suggests the last value was 12.73% up since then. When we look at Canadian Solar Inc’s average trading volume, we note the 10-day average is 1.42 million shares, with the 3-month average coming to 1.62 million.
Analysts gave the Canadian Solar Inc (CSIQ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.75. If we narrow down to specifics, the data shows that 2 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CSIQ as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Canadian Solar Inc’s EPS for the current quarter is expected to be -0.24.
Canadian Solar Inc (NASDAQ:CSIQ) trade information
Instantly CSIQ is in green as seen in intraday trades today. With action 11.25%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -5.26%, with the 5-day performance at 11.25% in the green. However, in the 30-day time frame, Canadian Solar Inc (NASDAQ:CSIQ) is -2.18% down. Looking at the short shares, we see there were 10.54 million shares sold at short interest cover period of 6.48 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 4.27% from its recent market value. According to analyst projections, CSIQ’s forecast low is 11 with 11 as the target high. To hit the forecast high, the stock’s price needs a -4.46% plunge from its current level, while the stock would need to soar -4.46% for it to hit the projected low.
Canadian Solar Inc (CSIQ) estimates and forecasts
Year-over-year growth is forecast to reach -20.34% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 1.57B. 6 analysts are of the opinion that Canadian Solar Inc’s revenue for the current quarter will be 1.62B. The company’s revenue for the corresponding quarters a year ago was 1.7B and 1.33B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.93%. The estimates for the next quarter sales put growth at 22.23%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.83%. The 2025 estimates are for Canadian Solar Inc earnings to decrease by -98.75%, but the outlook for the next 5-year period is at -17.56% per year.
Canadian Solar Inc (NASDAQ:CSIQ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 28.93% of Canadian Solar Inc shares while 51.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.48%. There are 51.51% institutions holding the Canadian Solar Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.8086% of the shares, roughly 5.17 million CSIQ shares worth $76.21 million.
MACKENZIE FINANCIAL CORP holds the second largest percentage of outstanding shares, with 7.7027% or 5.12 million shares worth $75.46 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were Invesco ETF TR II-Invesco Solar ETF and Vanguard International Stock Index-Total Intl Stock Indx. With 1.34 shares estimated at $14.26 million under it, the former controlled 2.03% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 1.10% of the shares, roughly 724.81 shares worth around $7.68 million.
