3 days Ago By ABMN Staff
Canadian Solar Inc. ( NASDAQ:CSIQ – Free Report ) – Investment analysts at Zacks Research issued their Q3 2024 earnings estimates for shares of Canadian Solar in a report released on Thursday, September 12th. Zacks Research analyst R.
Department anticipates that the solar energy provider will earn ($0.50) per share for the quarter. The consensus estimate for Canadian Solar’s current full-year earnings is $0.
15 per share. Zacks Research also issued estimates for Canadian Solar’s Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $0.
03 EPS, Q1 2025 earnings at ($0.38) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.
47 EPS, FY2025 earnings at $0.85 EPS, Q1 2026 earnings at $0.11 EPS, Q2 2026 earnings at $0.
07 EPS and FY2026 earnings at $2.02 EPS. Several other equities analysts also recently commented on the company.
StockNews.com downgraded Canadian Solar from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Roth Mkm decreased their price objective on shares of Canadian Solar from $25.
00 to $20.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Glj Research raised their target price on shares of Canadian Solar from $9.
10 to $12.28 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. UBS Group dropped their price objective on shares of Canadian Solar from $38.
00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Finally, Oppenheimer cut their price target on shares of Canadian Solar from $43.
00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock.
According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $23.33. Canadian Solar Stock Performance Shares of CSIQ opened at $13.
98 on Monday. Canadian Solar has a 52 week low of $11.41 and a 52 week high of $28.
18. The stock has a market cap of $924.90 million, a price-to-earnings ratio of 4.
85, a PEG ratio of 3.61 and a beta of 1.29.
The business has a 50-day simple moving average of $14.53 and a two-hundred day simple moving average of $16.44.
The company has a quick ratio of 0.82, a current ratio of 1.04 and a debt-to-equity ratio of 0.
53. Canadian Solar ( NASDAQ:CSIQ – Get Free Report ) last posted its quarterly earnings data on Thursday, August 22nd. The solar energy provider reported $0.
02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03.
The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion.
Canadian Solar had a return on equity of 0.99% and a net margin of 0.56%.
The firm’s revenue for the quarter was down 30.8% on a year-over-year basis. During the same quarter last year, the company earned $2.
39 EPS. Hedge Funds Weigh In On Canadian Solar A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Canadian Solar during the second quarter worth $31,000.
Daiwa Securities Group Inc. lifted its position in Canadian Solar by 72.1% in the first quarter.
Daiwa Securities Group Inc. now owns 7,400 shares of the solar energy provider’s stock worth $146,000 after purchasing an additional 3,100 shares during the period. Private Advisor Group LLC acquired a new position in Canadian Solar in the fourth quarter worth about $201,000.
Northwestern Mutual Wealth Management Co. boosted its stake in Canadian Solar by 43.1% in the 2nd quarter.
Northwestern Mutual Wealth Management Co. now owns 15,733 shares of the solar energy provider’s stock valued at $232,000 after buying an additional 4,739 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd.
grew its position in Canadian Solar by 27.6% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd.
now owns 17,435 shares of the solar energy provider’s stock worth $257,000 after acquiring an additional 3,768 shares during the last quarter. Institutional investors own 52.36% of the company’s stock.
About Canadian Solar ( Get Free Report ) 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.
See Also Receive News & Ratings for Canadian Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Solar and related companies with MarketBeat.com's FREE daily email newsletter ..
