In last trading session, Canadian Solar Inc (NASDAQ:CSIQ) saw 2.04 million shares changing hands with its beta currently measuring 1.37. Company’s recent per share price level of $10.11 trading at -$0.04 or -0.39% at ring of the bell on the day assigns it a market valuation of $676.98M. That closing price of CSIQ’s stock is at a discount of -108.21% from its 52-week high price of $21.05 and is indicating a premium of 35.01% from its 52-week low price of $6.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.54 million shares which gives us an average trading volume of 2.23 million if we extend that period to 3-months.
For Canadian Solar Inc (CSIQ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.56. Splitting up the data highlights that, out of 4 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -1.03 in the current quarter.
Canadian Solar Inc (NASDAQ:CSIQ) trade information
Upright in the red during last session for losing -0.39%, in the last five days CSIQ remained trading in the green while hitting it’s week-highest on Tuesday, 05/13/25 when the stock touched $10.11 price level, adding 10.77% to its value on the day. Canadian Solar Inc’s shares saw a change of -9.08% in year-to-date performance and have moved 12.71% in past 5-day. Canadian Solar Inc (NASDAQ:CSIQ) showed a performance of 32.33% in past 30-days. Number of shares sold short was 9.5 million shares which calculate 3.2 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 49.45% to its current value. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 27. It follows that stock’s current price would drop -8.8% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8.8% for stock’s current value.
Canadian Solar Inc (CSIQ) estimates and forecasts
This year revenue growth is estimated to rise 23.54% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.1B for the same. And 8 analysts are in estimates of company making revenue of 1.76B in the next quarter. Company posted 1.33B and 1.64B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -28.41% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -221.75% while estimates for its earnings growth in next 5 years are of 86.92%.
Canadian Solar Inc (NASDAQ:CSIQ)’s Major holders
Insiders are in possession of 31.33% of company’s total shares while institution are holding 46.99 percent of that, with stock having share float percentage of 68.43%. Investors also watch the number of corporate investors in a company very closely, which is 46.99% institutions for Canadian Solar Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CSIQ for having 5.17 million shares of worth $76.21 million. And as of 2024-06-30, it was holding 7.7793 of the company’s outstanding shares.
The second largest institutional holder is MACKENZIE FINANCIAL CORP, which was holding about 5.12 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.7027 of outstanding shares, having a total worth of $75.46 million.
On the other hand, Invesco Exchange-Traded Fund Trust II-Invesco Solar ETF and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 1.64 shares of worth $16.56 million or 2.48% of the total outstanding shares. The later fund manager was in possession of 728.03 shares on Jan 31, 2025 , making its stake of worth around $7.36 million in the company or a holder of 1.10% of company’s stock.
