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

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CSIQ Stock Forecast

Canadian Solar stock forecast is as follows: an average price target of $17.67 (represents a 64.22% upside from CSIQ’s last price of $10.76) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.

CSIQ Price Target

The average price target for Canadian Solar (CSIQ) is $17.67 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $11.00. This represents a potential 64.22% upside from CSIQ's last price of $10.76.

CSIQ Analyst Ratings

Buy

According to 7 Wall Street analysts, Canadian Solar's rating consensus is 'Buy'. The analyst rating breakdown for CSIQ stock is 0 'Strong Buy' (0.00%), 3 'Buy' (42.86%), 1 'Hold' (14.29%), 3 'Sell' (42.86%), and 0 'Strong Sell' (0.00%).

Canadian Solar Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 21, 2024Vikram BagriCitigroup$11.00$12.63-12.91%2.23%
Aug 27, 2024Michael BlumWells Fargo$15.00$13.5310.86%39.41%
Aug 23, 2024Colin RuschOppenheimer$27.00$12.28119.96%150.93%
Mar 19, 2024Praneeth SatishWells Fargo$23.00$18.7122.93%113.75%
Dec 18, 2023Brian LeeGoldman Sachs$25.00$24.193.35%132.34%
Sep 07, 2022Brian LeeGoldman Sachs$38.00$47.01-19.17%253.16%

The latest Canadian Solar stock forecast, released on Oct 21, 2024 by Vikram Bagri from Citigroup, set a price target of $11.00, which represents a -12.91% decrease from the stock price at the time of the forecast ($12.63), and a 2.23% increase from CSIQ last price ($10.76).

Canadian Solar Price Target by Period

1M3M12M
# Anlaysts-14
Avg Price Target-$11.00$19.00
Last Closing Price$10.76$10.76$10.76
Upside/Downside-100.00%2.23%76.58%

In the current month, the average price target of Canadian Solar stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Canadian Solar's last price of $10.76. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

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, 2024UBSBuyBuyHold
Jul 30, 2024GLJ ResearchSellSellHold
Jun 12, 2024Wells FargoBuyBuyHold
Jun 12, 2024UBSUnderperformUnderperformHold
May 09, 2024OppenheimerOutperformOutperformHold
Nov 17, 2023UBSBuyBuyHold
Nov 15, 2023RBC CapitalUnderweightDowngrade
May 22, 2023Goldman SachsSellSellHold
Sep 07, 2022Goldman SachsSellDowngrade

Canadian Solar's last stock rating was published by Jefferies on Nov 22, 2024. The company Initialise its CSIQ rating from "null" to "Buy".

Canadian Solar Financial Forecast

Canadian Solar Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue-------------------$1.70B$1.97B$1.93B$2.31B$1.25B$1.53B$1.23B$1.43B$1.09B$1.04B$914.36M
Avg Forecast$2.42B$2.27B$2.34B$2.41B$1.69B$2.36B$2.25B$1.93B$1.92B$2.09B$1.97B$1.67B$1.66B$1.71B$1.57B$1.35B$1.69B$2.03B$2.49B$1.71B$1.92B$2.07B$2.23B$1.31B$1.59B$1.34B$1.43B$1.05B$997.88M$861.93M
High Forecast$2.75B$2.57B$2.65B$2.73B$1.92B$2.68B$2.55B$2.18B$2.18B$2.37B$2.24B$1.77B$1.68B$1.94B$1.58B$1.35B$1.74B$2.03B$2.82B$1.94B$2.18B$2.07B$2.23B$1.31B$1.59B$1.34B$1.43B$1.05B$997.88M$861.93M
Low Forecast$2.19B$2.05B$2.11B$2.18B$1.53B$2.14B$2.03B$1.74B$1.74B$1.89B$1.78B$1.57B$1.63B$1.54B$1.56B$1.35B$1.63B$2.03B$2.25B$1.54B$1.74B$2.07B$2.23B$1.31B$1.59B$1.34B$1.43B$1.05B$997.88M$861.93M
# Analysts222222221114522252221333444499
Surprise %-------------------1.00%1.02%0.93%1.04%0.96%0.96%0.92%1.00%1.03%1.04%1.06%

Canadian Solar's average Quarter revenue forecast for Jun 23 based on 2 analysts is $2.49B, with a low forecast of $2.25B, and a high forecast of $2.82B. CSIQ's average Quarter revenue forecast represents a 46.26% increase compared to the company's last Quarter revenue of $1.70B (Mar 23).

Canadian Solar EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221114522252221333444499
EBITDA-------------------$153.56M$145.05M$111.57M$120.33M$19.73M$68.01M$45.52M$24.41M$51.30M$22.16M$47.38M
Avg Forecast$267.72M$250.45M$257.98M$266.28M$186.76M$261.07M$248.52M$212.62M$212.14M$230.59M$217.74M$184.51M$182.84M$188.76M$173.17M$148.83M$186.11M$224.54M$274.81M$188.61M$212.46M$144.32M$155.26M$53.52M$110.76M$93.42M$99.71M$57.56M$69.45M$59.99M
High Forecast$303.59M$284.00M$292.54M$301.95M$211.78M$296.04M$281.81M$241.10M$240.56M$261.48M$246.91M$195.96M$185.15M$214.05M$174.17M$148.83M$191.75M$224.54M$311.62M$213.88M$240.93M$144.32M$155.26M$64.22M$110.76M$93.42M$99.71M$69.07M$69.45M$59.99M
Low Forecast$241.91M$226.31M$233.11M$240.61M$168.76M$235.90M$224.56M$192.12M$191.69M$208.36M$196.75M$173.05M$180.52M$170.56M$172.16M$148.83M$180.47M$224.54M$248.32M$170.43M$191.98M$144.32M$155.26M$42.81M$110.76M$93.42M$99.71M$46.05M$69.45M$59.99M
Surprise %-------------------0.81%0.68%0.77%0.78%0.37%0.61%0.49%0.24%0.89%0.32%0.79%

2 analysts predict CSIQ's average Quarter EBITDA for Jun 23 to be $274.81M, with a high of $311.62M and a low of $248.32M. This is 78.96% upper than Canadian Solar's previous annual EBITDA (Mar 23) of $153.56M.

Canadian Solar Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221114522252221333444499
Net Income-------------------$83.71M$77.83M$78.47M$74.46M$7.21M$37.97M$35.24M$11.26M$22.78M$6.63M$8.83M
Avg Forecast$332.37M$61.30M$215.34M$269.27M$125.19M$55.74M$44.49M$28.43M$68.89M$48.63M$33.63M$20.36M$8.12M$-13.82M$11.81M$-438.75K$1.48M$54.64M$101.76M$40.66M$47.00M$32.83M$32.10M$25.50M$28.38M$17.27M$-20.31M$25.56M$-34.49M$3.53M
High Forecast$390.25M$71.98M$252.85M$316.17M$147.00M$65.44M$52.23M$33.38M$80.89M$57.10M$39.48M$29.50M$38.15M$-12.08M$13.86M$-383.76K$5.34M$54.65M$119.48M$47.74M$55.18M$32.83M$32.10M$30.60M$28.38M$17.27M$-20.31M$30.67M$-34.49M$3.53M
Low Forecast$290.72M$53.62M$188.36M$235.53M$109.51M$48.75M$38.91M$24.87M$60.26M$42.54M$29.41M$15.37M$-25.97M$-16.22M$10.33M$-515.15K$-2.73M$54.63M$89.00M$35.56M$41.11M$32.83M$32.10M$20.40M$28.38M$17.27M$-20.31M$20.45M$-34.49M$3.53M
Surprise %-------------------2.06%1.66%2.39%2.32%0.28%1.34%2.04%-0.55%0.89%-0.19%2.50%

Canadian Solar's average Quarter net income forecast for Jun 23 is $101.76M, with a range of $89.00M to $119.48M. CSIQ's average Quarter net income forecast represents a 21.55% increase compared to the company's last Quarter net income of $83.71M (Mar 23).

Canadian Solar SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221114522252221333444499
SG&A-------------------$167.02M$215.52M$267.94M$245.94M$171.66M$219.13M$184.77M$152.16M$151.54M$134.22M$110.18M
Avg Forecast$301.91M$282.43M$290.92M$300.28M$210.61M$294.40M$280.25M$239.77M$239.23M$260.04M$245.55M$208.07M$206.18M$212.86M$195.28M$167.84M$209.88M$253.22M$309.90M$212.69M$239.60M$258.26M$277.84M$475.35M$198.21M$167.18M$178.44M$170.02M$124.28M$107.35M
High Forecast$342.35M$320.27M$329.90M$340.50M$238.83M$333.84M$317.79M$271.89M$271.27M$294.87M$278.44M$220.98M$208.79M$241.38M$196.41M$167.84M$216.24M$253.22M$351.42M$241.19M$271.69M$258.26M$277.84M$570.42M$198.21M$167.18M$178.44M$204.02M$124.28M$107.35M
Low Forecast$272.81M$255.21M$262.88M$271.33M$190.31M$266.02M$253.24M$216.66M$216.17M$234.97M$221.88M$195.15M$203.57M$192.34M$194.15M$167.84M$203.52M$253.22M$280.03M$192.19M$216.50M$258.26M$277.84M$380.28M$198.21M$167.18M$178.44M$136.01M$124.28M$107.35M
Surprise %-------------------0.79%0.90%1.04%0.89%0.36%1.11%1.11%0.85%0.89%1.08%1.03%

Canadian Solar's average Quarter SG&A projection for Jun 23 is $309.90M, based on 2 Wall Street analysts, with a range of $280.03M to $351.42M. The forecast indicates a 85.55% rise compared to CSIQ last annual SG&A of $167.02M (Mar 23).

Canadian Solar EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221114522252221333444499
EPS-------------------$1.30$1.21$1.22$1.16$0.11$0.60$0.56$0.19$0.38$0.11$0.15
Avg Forecast$4.97$0.92$3.22$4.02$1.87$0.83$0.66$0.42$1.03$0.73$0.50$0.30$0.12$-0.21$0.18$-0.01$0.02$0.82$1.52$0.61$0.70$0.49$0.48$-0.07$0.42$0.26$-0.30$0.43$-0.51$0.05
High Forecast$5.83$1.08$3.78$4.72$2.20$0.98$0.78$0.50$1.21$0.85$0.59$0.44$0.57$-0.18$0.21$-0.01$0.08$0.82$1.79$0.71$0.82$0.49$0.48$-0.07$0.42$0.26$-0.30$0.43$-0.51$0.05
Low Forecast$4.34$0.80$2.81$3.52$1.64$0.73$0.58$0.37$0.90$0.64$0.44$0.23$-0.39$-0.24$0.15$-0.01$-0.04$0.82$1.33$0.53$0.61$0.49$0.48$-0.07$0.42$0.26$-0.30$0.43$-0.51$0.05
Surprise %-------------------2.14%1.72%2.49%2.42%-1.65%1.42%2.17%-0.63%0.88%-0.21%2.85%

According to 2 Wall Street analysts, Canadian Solar's projected average Quarter EPS for Jun 23 is $1.52, with a low estimate of $1.33 and a high estimate of $1.79. This represents a 16.94% increase compared to CSIQ previous annual EPS of $1.30 (Mar 23).

Canadian Solar Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NOVASunnova Energy$4.20$10.22143.33%Buy
RUNSunrun$10.06$23.17130.32%Buy
SEDGSolarEdge$14.37$26.6085.11%Hold
CSIQCanadian Solar$11.67$17.6751.41%Buy
FSLRFirst Solar$188.27$275.5046.33%Buy
ENPHEnphase Energy$73.40$106.2744.78%Buy
MAXNMaxeon Solar$6.15$3.75-39.02%Sell

CSIQ Forecast FAQ

Is Canadian Solar a good buy?

Yes, according to 7 Wall Street analysts, Canadian Solar (CSIQ) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 42.86% of CSIQ's total ratings.

What is CSIQ's price target?

Canadian Solar (CSIQ) average price target is $17.67 with a range of $11 to $27, implying a 64.22% from its last price of $10.76. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Canadian Solar stock go up soon?

According to Wall Street analysts' prediction for CSIQ stock, the company can go up by 64.22% (from the last price of $10.76 to the average price target of $17.67), up by 150.93% based on the highest stock price target, and up by 2.23% based on the lowest stock price target.

Can Canadian Solar stock reach $20?

CSIQ's highest twelve months analyst stock price target of $27 supports the claim that Canadian Solar can reach $20 in the near future.

What are Canadian Solar's analysts' financial forecasts?

Canadian Solar's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.23B (high $9.33B, low $7.44B), average EBITDA is $908.96M (high $1.03B, low $821.34M), average net income is $253.85M (high $298.06M, low $222.04M), average SG&A $1.03B (high $1.16B, low $926.22M), and average EPS is $3.79 (high $4.45, low $3.32). CSIQ's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $9.44B (high $10.7B, low $8.53B), average EBITDA is $1.04B (high $1.18B, low $941.94M), average net income is $878.29M (high $1.03B, low $768.22M), average SG&A $1.18B (high $1.33B, low $1.06B), and average EPS is $13.12 (high $15.41, low $11.48).

Did the CSIQ's actual financial results beat the analysts' financial forecasts?

Based on Canadian Solar's last annual report (Dec 2022), the company's revenue was $7.47B, which missed the average analysts forecast of $7.54B by -0.90%. Apple's EBITDA was $396.68M, missing the average prediction of $565.56M by -29.86%. The company's net income was $239.97M, beating the average estimation of $137.43M by 74.61%. Apple's SG&A was $901.06M, missing the average forecast of $1.25B by -27.98%. Lastly, the company's EPS was $3.73, beating the average prediction of $1.61 by 132.40%. In terms of the last quarterly report (Mar 2023), Canadian Solar's revenue was $1.7B, missing the average analysts' forecast of $1.71B by -0.38%. The company's EBITDA was $153.56M, missing the average prediction of $188.61M by -18.58%. Canadian Solar's net income was $83.71M, beating the average estimation of $40.66M by 105.90%. The company's SG&A was $167.02M, missing the average forecast of $212.69M by -21.47%. Lastly, the company's EPS was $1.3, beating the average prediction of $0.607 by 114.02%