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Canadian Solar (CSIQ) Stock Forecast, Price Target & Predictions

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CSIQ Stock Forecast

Canadian Solar (CSIQ) stock forecast, based on 27 Wall Street analysts, predicts a 12-month average price target of $11.00, with a high of $11.00 and a low of $11.00. This represents a 53.20% increase from the last price of $7.18.

$5 $10 $15 $20 $25 $30 High: $11 Avg: $11 Low: $11 Last Closed Price: $7.18

CSIQ Stock Rating

Canadian Solar stock's rating consensus is Buy, based on 27 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 16 Buy (59.26%), 5 Hold (18.52%), 6 Sell (22.22%), and 0 Strong Sell (0.00%).

Buy
Total 27 0 6 5 16 Strong Sell Sell Hold Buy Strong Buy

CSIQ Price Target Upside V Benchmarks

TypeNameUpside
StockCanadian Solar53.20%
SectorEnergy Stocks 42.69%

Price Target Trends

1M3M12M
# Anlaysts--3
Avg Price Target--$17.67
Last Closing Price$7.18$7.18$7.18
Upside/Downside--146.10%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 251421210
Mar, 251421210
Feb, 251421210
Jan, 251421210
Dec, 241531212
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 21, 2024Vikram BagriCitigroup$11.00$12.63-12.91%53.20%
Aug 27, 2024Michael BlumWells Fargo$15.00$13.5310.86%108.91%
Aug 23, 2024Colin RuschOppenheimer$27.00$12.28119.87%276.04%
Mar 19, 2024Praneeth SatishWells Fargo$23.00$18.7122.93%220.33%
Dec 18, 2023Brian LeeGoldman Sachs$25.00$24.193.35%248.19%
Sep 07, 2022Brian LeeGoldman Sachs$38.00$47.01-19.17%429.25%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Nov 22, 2024JefferiesBuyinitialise
Oct 21, 2024CitigroupSelldowngrade
Aug 27, 2024Wells FargoEqual-WeightEqual-Weighthold
Aug 23, 2024OppenheimerOutperformOutperformhold
Jul 30, 2024GLJ ResearchUnderperformUnderperformhold
Jul 30, 2024GLJ ResearchSellSellhold
Jun 12, 2024Wells FargoBuyBuyhold
May 09, 2024OppenheimerOutperformOutperformhold
Nov 17, 2023UBSBuyBuyhold
Nov 15, 2023RBC CapitalUnderweightdowngrade

Financial Forecast

EPS Forecast

$-5 $0 $5 $10 $15 $20 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.46$1.55$3.73$3.80-----
Avg Forecast$1.75$1.43$3.02$3.94$0.05$1.25$2.17$9.36$8.14
High Forecast$1.86$1.52$3.52$4.38$0.06$5.07$5.20$15.77$9.32
Low Forecast$1.62$1.33$2.64$3.37$0.03$-0.16$-0.12$2.95$6.99
Surprise %40.57%8.39%23.51%-3.55%-----

Revenue Forecast

$3B $5B $7B $9B $11B $13B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$3.48B$5.28B$7.47B$7.61B-----
Avg Forecast$3.43B$5.34B$7.42B$7.58B$6.15B$7.35B$8.46B$9.73B$10.87B
High Forecast$3.59B$5.59B$8.37B$7.63B$6.17B$7.78B$8.46B$9.92B$12.08B
Low Forecast$3.24B$5.04B$6.69B$7.54B$6.13B$6.76B$8.46B$9.53B$9.69B
Surprise %1.25%-1.20%0.60%0.47%-----

Net Income Forecast

$-500M $-100M $300M $700M $1B $2B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$146.70M$95.25M$239.97M$274.19M-----
Avg Forecast$126.36M$103.55M$218.28M$274.19M$3.34M$3.95M$205.08M$450.00M$587.66M
High Forecast$134.08M$109.88M$254.35M$315.88M$4.40M$365.99M$375.37M$1.14B$672.56M
Low Forecast$117.15M$96.00M$190.24M$243.28M$2.28M$-11.85M$-8.41M$212.78M$504.68M
Surprise %16.10%-8.02%9.93%------

CSIQ Forecast FAQ

Is Canadian Solar stock a buy?

Canadian Solar stock has a consensus rating of Buy, based on 27 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 16 Buy, 5 Hold, 6 Sell, and 0 Strong Sell, reflecting a consensus that Canadian Solar is a favorable investment for most analysts.

What is Canadian Solar's price target?

Canadian Solar's price target, set by 27 Wall Street analysts, averages $11 over the next 12 months. The price target range spans from $11 at the low end to $11 at the high end, suggesting a potential 53.20% change from the previous closing price of $7.18.

How does Canadian Solar stock forecast compare to its benchmarks?

Canadian Solar's stock forecast shows a 53.20% upside, outperforming the average forecast for the energy stocks sector (42.69%).

What is the breakdown of analyst ratings for Canadian Solar over the past three months?

  • April 2025: 10.00% Strong Buy, 40.00% Buy, 20.00% Hold, 10.00% Sell, 20.00% Strong Sell.
  • March 2025: 10.00% Strong Buy, 40.00% Buy, 20.00% Hold, 10.00% Sell, 20.00% Strong Sell.
  • February 2025: 10.00% Strong Buy, 40.00% Buy, 20.00% Hold, 10.00% Sell, 20.00% Strong Sell.

What is Canadian Solar’s EPS forecast?

Canadian Solar's average annual EPS forecast for its fiscal year ending in December 2024 is $0.05, marking a -98.68% decrease from the reported $3.8 in 2023. Estimates for the following years are $1.25 in 2025, $2.17 in 2026, $9.36 in 2027, and $8.14 in 2028.

What is Canadian Solar’s revenue forecast?

Canadian Solar's average annual revenue forecast for its fiscal year ending in December 2024 is $6.15B, reflecting a -19.24% decrease from the reported $7.61B in 2023. The forecast for 2025 is $7.35B, followed by $8.46B for 2026, $9.73B for 2027, and $10.87B for 2028.

What is Canadian Solar’s net income forecast?

Canadian Solar's net income forecast for the fiscal year ending in December 2024 stands at $3.34M, representing a -98.78% decrease from the reported $274.19M in 2023. Projections indicate $3.95M in 2025, $205.08M in 2026, $450M in 2027, and $587.66M in 2028.