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Canadian Solar - CSIQ Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $22.03
  • Forecasted Upside: 54.37%
  • Number of Analysts: 10
  • Breakdown:
  • 3 Sell Ratings
  • 3 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$14.27 As of 10/30/2024 03:52 PM ET
▲ +0.25 (1.78%)

This chart shows the closing price for CSIQ by one month, three months, or twelve months.

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Analyst Price Target for CSIQ

Analyst Price Target is $22.03
▲ +54.37% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Canadian Solar in the last 3 months. The average price target is $22.03, with a high forecast of $35.00 and a low forecast of $11.00. The average price target represents a 54.37% upside from the last price of $14.27.

This chart shows the closing price for CSIQ for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 10 polled investment analysts is to hold stock in Canadian Solar. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 3 sell ratings
Ratings as of
5/9/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 3 sell ratings
Ratings as of
8/7/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 3 sell ratings
Ratings as of
11/5/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 3 sell ratings
Ratings as of
2/3/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 3 sell ratings
Ratings as of
5/3/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 3 sell ratings
Ratings as of
8/1/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 3 sell ratings
Ratings as of
9/30/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 3 sell ratings
Ratings as of
10/30/2024

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 3 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/22/2024CitigroupDowngradeNeutral ➝ Sell$19.00 ➝ $11.00
8/26/2024Roth MkmLower TargetBuy ➝ Buy$25.00 ➝ $20.00
8/26/2024The Goldman Sachs GroupLower TargetNeutral ➝ Neutral$18.00 ➝ $16.00
8/23/2024OppenheimerLower TargetOutperform ➝ Outperform$43.00 ➝ $27.00
7/30/2024Glj ResearchBoost TargetSell ➝ Sell$9.10 ➝ $12.28
7/16/2024JPMorgan Chase & Co.Boost TargetUnderweight ➝ Underweight$17.00 ➝ $20.00
6/12/2024UBS GroupLower TargetBuy ➝ Buy$38.00 ➝ $35.00
5/22/2024Roth MkmReiterated RatingBuy ➝ Buy$25.00 ➝ $25.00
3/19/2024Wells Fargo & CompanyLower TargetEqual Weight ➝ Equal Weight$28.00 ➝ $23.00
3/15/2024The Goldman Sachs GroupLower TargetNeutral ➝ Neutral$28.00 ➝ $24.00
3/15/2024CitigroupLower TargetNeutral ➝ Neutral$26.00 ➝ $24.00
3/11/2024Daiwa Capital MarketsInitiated CoverageNeutral$21.00
1/24/2024The Goldman Sachs GroupBoost TargetNeutral ➝ Neutral$25.00 ➝ $28.00
12/18/2023The Goldman Sachs GroupUpgradeSell ➝ Neutral$25.00
11/17/2023UBS GroupLower TargetBuy ➝ Buy$47.00 ➝ $36.00
11/15/2023Roth CapitalLower TargetBuy$50.00 ➝ $35.00
11/15/2023OppenheimerLower TargetOutperform ➝ Outperform$68.00 ➝ $51.00
11/15/2023JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$32.00 ➝ $22.00
10/19/2023JPMorgan Chase & Co.Lower TargetNeutral ➝ Neutral$39.00 ➝ $32.00
10/18/2023CitigroupLower TargetNeutral ➝ Neutral$30.00 ➝ $26.00
8/29/2023UBS GroupLower TargetBuy ➝ Buy$50.00 ➝ $47.00
8/23/2023CitigroupLower TargetNeutral ➝ Neutral$42.00 ➝ $30.00
8/23/2023OppenheimerReiterated RatingOutperform ➝ Outperform$68.00
8/23/2023Roth MkmLower TargetBuy ➝ Buy$70.00 ➝ $50.00
7/19/2023CitigroupLower TargetNeutral$45.00 ➝ $42.00
7/19/2023JPMorgan Chase & Co.Boost Target$44.00 ➝ $46.00
7/5/2023UBS GroupUpgradeNeutral ➝ Buy
5/19/2023OppenheimerBoost Target$60.00 ➝ $68.00
3/9/2023CitigroupDowngradeBuy ➝ Neutral$45.00 ➝ $44.00
2/9/2023Wells Fargo & CompanyBoost TargetEqual Weight$33.00 ➝ $46.00
1/30/2023The Goldman Sachs GroupBoost Target$33.00 ➝ $36.00
1/6/2023Wells Fargo & CompanyLower TargetEqual Weight$38.00 ➝ $33.00
11/23/2022Roth CapitalReiterated RatingBuy
10/20/2022JPMorgan Chase & Co.Lower TargetNeutral$48.00 ➝ $42.00
9/7/2022The Goldman Sachs GroupDowngradeNeutral ➝ Sell$43.00 ➝ $38.00
8/19/2022JPMorgan Chase & Co.Boost Target$42.00 ➝ $48.00
8/19/2022The Goldman Sachs GroupBoost TargetNeutral$38.00 ➝ $43.00
8/8/2022JPMorgan Chase & Co.Boost TargetNeutral$38.00 ➝ $42.00
7/20/2022JPMorgan Chase & Co.Boost Target$36.00 ➝ $38.00
3/28/2022CitigroupBoost TargetBuy$40.00 ➝ $45.00
3/18/2022JPMorgan Chase & Co.Lower Target$41.00 ➝ $39.00
1/28/2022CitigroupLower Target$46.00 ➝ $40.00
1/20/2022JPMorgan Chase & Co.Lower Target$50.00 ➝ $41.00
12/21/2021CitigroupLower TargetBuy$53.00 ➝ $46.00
11/22/2021Wells Fargo & CompanyInitiated CoverageEqual Weight$44.00
10/4/2021CitigroupLower TargetReduce ➝ Buy$57.00 ➝ $51.00
8/18/2021UBS GroupDowngradeBuy ➝ Sell$18.00
7/21/2021JPMorgan Chase & Co.Boost TargetAverage ➝ Neutral$49.00 ➝ $51.00
7/2/2021The Goldman Sachs GroupBoost TargetNeutral$43.00 ➝ $47.00
5/25/2021CitigroupLower TargetBuy$63.00 ➝ $58.00
3/23/2021CitigroupLower Target$71.00 ➝ $63.00
3/23/2021Roth CapitalBoost TargetBuy$50.00 ➝ $55.00
3/8/2021JPMorgan Chase & Co.Lower TargetNeutral$54.00 ➝ $46.00
1/20/2021JPMorgan Chase & Co.Boost TargetNeutral$50.00 ➝ $54.00
1/8/2021Smith Barney CitigroupInitiated CoverageBuy$71.00
1/4/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral$43.00 ➝ $48.00
12/9/2020JPMorgan Chase & Co.Boost TargetNeutral$35.00 ➝ $42.00
11/25/2020CICC ResearchUpgradeMarket Perform ➝ Outperform$48.00
11/20/2020OppenheimerBoost TargetOutperform$33.00 ➝ $48.00
11/20/2020Roth CapitalBoost TargetBuy$32.00 ➝ $50.00
11/9/2020The Goldman Sachs GroupBoost TargetBuy$42.00 ➝ $44.00
10/21/2020JPMorgan Chase & Co.Boost TargetNeutral$30.00 ➝ $35.00
8/7/2020OppenheimerReiterated RatingBuy$33.00
7/29/2020JPMorgan Chase & Co.Boost TargetNeutral$24.00 ➝ $28.00
5/29/2020CfraUpgradeHold ➝ Buy$20.00 ➝ $22.00
5/28/2020OppenheimerReiterated RatingBuy$25.00
1/3/2020The Goldman Sachs GroupUpgradeNeutral ➝ Buy
12/2/2019Roth CapitalReiterated RatingBuy$32.00
(Data available from 10/30/2019 forward)

News Sentiment Rating

0.49 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 11 very positive mentions
  • 13 positive mentions
  • 7 negative mentions
  • 2 very negative mentions
Mentions as of
4/3/2024
  • 15 very positive mentions
  • 18 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
5/3/2024
  • 12 very positive mentions
  • 19 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
6/2/2024
  • 12 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/2/2024
  • 8 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/1/2024
  • 12 very positive mentions
  • 21 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
Mentions as of
8/31/2024
  • 10 very positive mentions
  • 8 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
9/30/2024
  • 12 very positive mentions
  • 25 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
10/30/2024

Current Sentiment

  • 12 very positive mentions
  • 25 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Canadian Solar logo
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. It offers standard solar modules and battery storage solutions; solar system kits, such as inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction (EPC) services, as well as operates battery energy storage projects. The Recurrent Energy segment engages in the development, construction, maintenance, and sale of solar power and battery storage projects; and operation of solar power plants; and sale of electricity. This segment provides operation and maintenance (O&M) services, including monitoring, inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar projects, as well as asset management services. It has a fleet of solar and battery energy storage plants in operation with an aggregate capacity of approximately 1,005 MWp and 600 MWh. It serves distributors, system integrators, project developers, and installers/EPC companies, as well as utility companies or grid operators, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial or government end users. It sells its products primarily under its Canadian Solar brand name. Canadian Solar Inc. was incorporated in 2001 and is based in Guelph, Canada.
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Today's Range

Now: $14.27
Low: $13.53
High: $14.59

50 Day Range

MA: $13.77
Low: $11.90
High: $17.47

52 Week Range

Now: $14.27
Low: $11.41
High: $26.85

Volume

1,598,126 shs

Average Volume

1,660,577 shs

Market Capitalization

$944.09 million

P/E Ratio

27.98

Dividend Yield

N/A

Beta

1.31

Frequently Asked Questions

What sell-side analysts currently cover shares of Canadian Solar?

The following Wall Street analysts have issued stock ratings on Canadian Solar in the last twelve months: Citigroup Inc., Daiwa Capital Markets, Glj Research, JPMorgan Chase & Co., Oppenheimer Holdings Inc., Roth Capital, Roth Mkm, StockNews.com, The Goldman Sachs Group, Inc., UBS Group AG, and Wells Fargo & Company.
View the latest analyst ratings for CSIQ.

What is the current price target for Canadian Solar?

10 Wall Street analysts have set twelve-month price targets for Canadian Solar in the last year. Their average twelve-month price target is $22.03, suggesting a possible upside of 54.4%. UBS Group AG has the highest price target set, predicting CSIQ will reach $35.00 in the next twelve months. Citigroup Inc. has the lowest price target set, forecasting a price of $11.00 for Canadian Solar in the next year.
View the latest price targets for CSIQ.

What is the current consensus analyst rating for Canadian Solar?

Canadian Solar currently has 3 sell ratings, 3 hold ratings and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CSIQ, but not buy more shares or sell existing shares.
View the latest ratings for CSIQ.

What other companies compete with Canadian Solar?

Other companies that are similar to Canadian Solar include Xperi, Ambarella, Kulicke and Soffa Industries, Viavi Solutions and Silicon Motion Technology. Learn More about companies similar to Canadian Solar.

How do I contact Canadian Solar's investor relations team?

Canadian Solar's physical mailing address is 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, N1K 1E6. The solar energy provider's listed phone number is (519) 837-1881 and its investor relations email address is [email protected]. The official website for Canadian Solar is www.canadiansolar.com. Learn More about contacing Canadian Solar investor relations.