Canadian Solar Inc (NASDAQ:CSIQ) has a beta value of 1.38 and has seen 0.64 million shares traded in the recent trading session. The company, currently valued at $508.88M, closed the recent trade at $7.69 per share which meant it gained $0.37 on the day or 5.05% during that session. The CSIQ stock price is -173.73% off its 52-week high price of $21.05 and 14.56% above the 52-week low of $6.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.42 million shares traded. The 3-month trading volume is 1.89 million shares.
The consensus among analysts is that Canadian Solar Inc (CSIQ) is Buy stock at the moment, with a recommendation rating of 2.78. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.69.
Canadian Solar Inc (NASDAQ:CSIQ) trade information
Sporting 5.05% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CSIQ stock price touched $7.69 or saw a rise of 0.13%. Year-to-date, Canadian Solar Inc shares have moved -30.85%, while the 5-day performance has seen it change 0.65%. Over the past 30 days, the shares of Canadian Solar Inc (NASDAQ:CSIQ) have changed -22.79%. Short interest in the company has seen 11.27 million shares shorted with days to cover at 5.9.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could jump 61.55% from the levels at last check today.. The projected low price target is $11.0 while the price target rests at a high of $27.0. In that case, then, we find that the latest price level in today’s session is -251.11% off the targeted high while a plunge would see the stock gain -43.04% from the levels at last check today..
Canadian Solar Inc (CSIQ) estimates and forecasts
The company’s shares have lost -37.33% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 23.68%.
6 analysts offering their estimates for the company have set an average revenue estimate of 1.11B for the current quarter. 6 have an estimated revenue figure of 1.76B for the next ending quarter. Year-ago sales stood 1.33B and 1.64B respectively for this quarter and the next, and analysts expect sales will shrink by -16.67% for the current quarter and 23.68% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -28.41% over the past 5 years. Earnings growth for 2025 is a modest -233.33% while over the next 5 years, the company’s earnings are expected to increase by 89.36%.
CSIQ Dividends
Canadian Solar Inc is expected to release its next earnings report on 2025-Mar-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Canadian Solar Inc (NASDAQ:CSIQ)’s Major holders
Insiders own 28.93% of the company shares, while shares held by institutions stand at 50.32% with a share float percentage of 70.80%. Investors are also buoyed by the number of investors in a company, with Canadian Solar Inc having a total of 201.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 5.17 million shares worth more than $76.21 million. As of 2024-06-30, BLACKROCK INC. held 7.7793% of shares outstanding.
The other major institutional holder is MACKENZIE FINANCIAL CORP, with the holding of over 5.12 million shares as of 2024-06-30. The firm’s total holdings are worth over $75.46 million and represent 7.7027% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco Exchange-Traded Fund Trust II-Invesco Solar ETF and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund . As of Mar 31, 2025 , the former fund manager holds about 2.48% shares in the company for having 1.64 shares of worth $12.67 million while later fund manager owns 728.03 shares of worth $5.63 million as of Jan 31, 2025 , which makes it owner of about 1.10% of company’s outstanding stock.
