Canadian Solar (CSIQ) Stock Forecast, Price Target & Predictions
CSIQ Stock Forecast
Canadian Solar stock forecast is as follows: an average price target of $19.50 (represents a 55.01% upside from CSIQ’s last price of $12.58) and a rating consensus of 'Sell', based on 6 wall street analysts offering a 1-year stock forecast.
CSIQ Price Target
The average price target for Canadian Solar (CSIQ) is $19.50 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $11.00. This represents a potential 55.01% upside from CSIQ's last price of $12.58.
CSIQ Analyst Ratings
According to 6 Wall Street analysts, Canadian Solar's rating consensus is 'Sell'. The analyst rating breakdown for CSIQ stock is 0 'Strong Buy' (0.00%), 2 'Buy' (33.33%), 1 'Hold' (16.67%), 3 'Sell' (50.00%), and 0 'Strong Sell' (0.00%).
Canadian Solar Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Vikram Bagri | Citigroup | $11.00 | $12.63 | -12.91% | -12.56% |
| Aug 27, 2024 | Michael Blum | Wells Fargo | $15.00 | $13.53 | 10.86% | 19.24% |
| Aug 23, 2024 | Colin Rusch | Oppenheimer | $27.00 | $12.28 | 119.96% | 114.63% |
| Mar 19, 2024 | Praneeth Satish | Wells Fargo | $23.00 | $18.71 | 22.93% | 82.83% |
| Dec 18, 2023 | Brian Lee | Goldman Sachs | $25.00 | $24.19 | 3.35% | 98.73% |
| Sep 07, 2022 | Brian Lee | Goldman Sachs | $38.00 | $47.01 | -19.17% | 202.07% |
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 -12.56% decrease from CSIQ last price ($12.58).
Canadian Solar Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 5 |
| Avg Price Target | $11.00 | $17.67 | $20.20 |
| Last Closing Price | $12.58 | $12.58 | $12.58 |
| Upside/Downside | -12.56% | 40.46% | 60.57% |
In the current month, the average price target of Canadian Solar stock is $11.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -12.56% decrease as opposed to Canadian Solar's last price of $12.58. This month's average price target is down -37.75% compared to last quarter, and down -45.54% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Citigroup | - | Sell | Downgrade |
| Aug 27, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Aug 23, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jul 30, 2024 | GLJ Research | Underperform | Underperform | Hold |
| Jul 30, 2024 | UBS | Buy | Buy | Hold |
| Jul 30, 2024 | GLJ Research | Sell | Sell | Hold |
| Jun 12, 2024 | Wells Fargo | Buy | Buy | Hold |
| Jun 12, 2024 | UBS | Underperform | Underperform | Hold |
| May 09, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Nov 17, 2023 | UBS | Buy | Buy | Hold |
Canadian Solar's last stock rating was published by Citigroup on Oct 21, 2024. The company Downgrade its CSIQ rating from "null" to "Sell".
Canadian Solar Financial Forecast
Canadian Solar Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.70B | $1.97B | $1.93B | $2.31B | $1.25B | $1.53B | $1.23B | $1.43B | $1.09B | $1.04B | $914.36M | $695.85M | $825.63M | $919.71M | $759.88M |
| Avg Forecast | $1.71B | $2.68B | $2.44B | $1.91B | $1.82B | $2.31B | $1.97B | $1.65B | $2.14B | $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 | $662.95M | $792.65M | $865.46M | $799.79M |
| High Forecast | $1.71B | $2.68B | $2.44B | $1.91B | $1.82B | $2.31B | $1.97B | $1.65B | $2.14B | $1.74B | $1.58B | $1.35B | $1.74B | $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 | $662.95M | $792.65M | $865.46M | $799.79M |
| Low Forecast | $1.71B | $2.68B | $2.44B | $1.91B | $1.82B | $2.31B | $1.97B | $1.65B | $2.14B | $1.68B | $1.56B | $1.35B | $1.63B | $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 | $662.95M | $792.65M | $865.46M | $799.79M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 13 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 0.93% | 1.04% | 0.96% | 0.96% | 0.92% | 1.00% | 1.03% | 1.04% | 1.06% | 1.05% | 1.04% | 1.06% | 0.95% |
Canadian Solar's average Quarter revenue forecast for Jun 23 based on 4 analysts is $2.49B, with a low forecast of $2.49B, and a high forecast of $2.49B. 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 13 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $153.56M | $145.05M | $111.57M | $120.33M | $19.73M | $68.01M | $45.52M | $24.41M | $51.30M | $22.16M | $47.38M | $46.46M | $100.59M | $112.68M | $88.00M |
| Avg Forecast | $119.11M | $186.81M | $169.70M | $132.93M | $126.82M | $160.57M | $136.91M | $114.52M | $149.26M | $119.15M | $109.12M | $93.79M | $117.28M | $141.50M | $173.18M | $118.86M | $133.89M | $144.32M | $155.26M | $53.52M | $110.76M | $93.42M | $99.71M | $57.56M | $69.45M | $59.99M | $46.14M | $71.73M | $60.23M | $55.66M |
| High Forecast | $119.11M | $186.81M | $169.70M | $132.93M | $126.82M | $160.57M | $136.91M | $114.52M | $149.26M | $121.27M | $109.76M | $93.79M | $120.84M | $141.50M | $173.18M | $118.86M | $133.89M | $144.32M | $155.26M | $64.22M | $110.76M | $93.42M | $99.71M | $69.07M | $69.45M | $59.99M | $46.14M | $86.07M | $60.23M | $55.66M |
| Low Forecast | $119.11M | $186.81M | $169.70M | $132.93M | $126.82M | $160.57M | $136.91M | $114.52M | $149.26M | $117.04M | $108.49M | $93.79M | $113.73M | $141.50M | $173.18M | $118.86M | $133.89M | $144.32M | $155.26M | $42.81M | $110.76M | $93.42M | $99.71M | $46.05M | $69.45M | $59.99M | $46.14M | $57.38M | $60.23M | $55.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.29% | 1.08% | 0.77% | 0.78% | 0.37% | 0.61% | 0.49% | 0.24% | 0.89% | 0.32% | 0.79% | 1.01% | 1.40% | 1.87% | 1.58% |
4 analysts predict CSIQ's average Quarter EBITDA for Jun 23 to be $173.18M, with a high of $173.18M and a low of $173.18M. This is 12.77% upper than Canadian Solar's previous annual EBITDA (Mar 23) of $153.56M.
Canadian Solar Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 13 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $83.71M | $77.83M | $78.47M | $74.46M | $7.21M | $37.97M | $35.24M | $11.26M | $22.78M | $6.63M | $8.83M | $20.60M | $110.63M | $67.74M | $58.33M |
| Avg Forecast | $161.86M | $132.96M | $110.24M | $76.20M | $106.44M | $86.63M | $43.07M | $27.98M | $41.33M | $-7.52M | $11.82M | $-439.08K | $1.48M | $54.68M | $101.83M | $40.69M | $47.04M | $32.83M | $32.10M | $25.50M | $28.38M | $17.27M | $-20.31M | $25.56M | $-34.49M | $3.53M | $-2.20M | $78.89M | $29.89M | $54.14M |
| High Forecast | $161.86M | $132.96M | $110.24M | $76.20M | $106.44M | $86.63M | $43.07M | $27.98M | $41.33M | $-2.22M | $11.82M | $-439.08K | $5.35M | $54.69M | $101.83M | $40.69M | $47.04M | $32.83M | $32.10M | $30.60M | $28.38M | $17.27M | $-20.31M | $30.67M | $-34.49M | $3.53M | $-2.20M | $94.66M | $29.89M | $54.14M |
| Low Forecast | $161.86M | $132.96M | $110.24M | $76.20M | $106.44M | $86.63M | $43.07M | $27.98M | $41.33M | $-14.52M | $11.82M | $-439.08K | $-2.73M | $54.67M | $101.83M | $40.69M | $47.04M | $32.83M | $32.10M | $20.40M | $28.38M | $17.27M | $-20.31M | $20.45M | $-34.49M | $3.53M | $-2.20M | $63.11M | $29.89M | $54.14M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.06% | 1.65% | 2.39% | 2.32% | 0.28% | 1.34% | 2.04% | -0.55% | 0.89% | -0.19% | 2.50% | -9.38% | 1.40% | 2.27% | 1.08% |
Canadian Solar's average Quarter net income forecast for Jun 23 is $101.83M, with a range of $101.83M to $101.83M. CSIQ's average Quarter net income forecast represents a 21.65% increase compared to the company's last Quarter net income of $83.71M (Mar 23).
Canadian Solar SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 13 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $167.02M | $215.52M | $267.94M | $245.94M | $171.66M | $219.13M | $184.77M | $152.16M | $151.54M | $134.22M | $110.18M | $99.82M | $105.62M | $114.23M | $108.43M |
| Avg Forecast | $213.14M | $334.30M | $303.68M | $237.87M | $226.94M | $287.34M | $245.01M | $204.94M | $267.10M | $213.22M | $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 | $82.57M | $75.31M | $107.79M | $99.61M |
| High Forecast | $213.14M | $334.30M | $303.68M | $237.87M | $226.94M | $287.34M | $245.01M | $204.94M | $267.10M | $217.01M | $196.41M | $167.84M | $216.24M | $253.22M | $309.90M | $212.69M | $239.60M | $258.26M | $277.84M | $570.42M | $198.21M | $167.18M | $178.44M | $204.02M | $124.28M | $107.35M | $82.57M | $90.38M | $107.79M | $99.61M |
| Low Forecast | $213.14M | $334.30M | $303.68M | $237.87M | $226.94M | $287.34M | $245.01M | $204.94M | $267.10M | $209.44M | $194.15M | $167.84M | $203.52M | $253.22M | $309.90M | $212.69M | $239.60M | $258.26M | $277.84M | $380.28M | $198.21M | $167.18M | $178.44M | $136.01M | $124.28M | $107.35M | $82.57M | $60.25M | $107.79M | $99.61M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.79% | 0.90% | 1.04% | 0.89% | 0.36% | 1.11% | 1.11% | 0.85% | 0.89% | 1.08% | 1.03% | 1.21% | 1.40% | 1.06% | 1.09% |
Canadian Solar's average Quarter SG&A projection for Jun 23 is $309.90M, based on 4 Wall Street analysts, with a range of $309.90M to $309.90M. The forecast indicates a 85.55% rise compared to CSIQ last annual SG&A of $167.02M (Mar 23).
Canadian Solar EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 13 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.30 | $1.21 | $1.22 | $1.16 | $0.11 | $0.60 | $0.56 | $0.19 | $0.38 | $0.11 | $0.15 | $0.35 | $1.86 | $1.13 | $0.97 |
| Avg Forecast | $2.42 | $1.98 | $1.65 | $1.14 | $1.59 | $1.29 | $0.64 | $0.42 | $0.62 | $-0.11 | $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 | $-0.03 | $0.81 | $0.45 | $0.81 |
| High Forecast | $2.42 | $1.98 | $1.65 | $1.14 | $1.59 | $1.29 | $0.64 | $0.42 | $0.62 | $-0.03 | $0.18 | $-0.01 | $0.08 | $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 | $-0.03 | $0.81 | $0.45 | $0.81 |
| Low Forecast | $2.42 | $1.98 | $1.65 | $1.14 | $1.59 | $1.29 | $0.64 | $0.42 | $0.62 | $-0.22 | $0.18 | $-0.01 | $-0.04 | $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 | $-0.03 | $0.81 | $0.45 | $0.81 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.14% | 1.72% | 2.49% | 2.42% | -1.65% | 1.42% | 2.17% | -0.63% | 0.88% | -0.21% | 2.85% | -10.68% | 2.29% | 2.53% | 1.20% |
According to 4 Wall Street analysts, Canadian Solar's projected average Quarter EPS for Jun 23 is $1.52, with a low estimate of $1.52 and a high estimate of $1.52. This represents a 16.94% increase compared to CSIQ previous annual EPS of $1.30 (Mar 23).
Canadian Solar Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SPWR | SunPower | $0.12 | $17.50 | 14483.33% | Hold |
| SEDG | SolarEdge | $13.68 | $172.60 | 1161.70% | Hold |
| NOVA | Sunnova Energy | $3.49 | $21.09 | 504.30% | Buy |
| RUN | Sunrun | $10.23 | $33.99 | 232.26% | Buy |
| ENPH | Enphase Energy | $63.66 | $167.61 | 163.29% | Buy |
| CSIQ | Canadian Solar | $12.58 | $19.50 | 55.01% | Sell |
| FSLR | First Solar | $193.83 | $239.46 | 23.54% | Buy |
| MAXN | Maxeon Solar | $11.37 | $3.75 | -67.02% | Hold |
CSIQ Forecast FAQ
Is Canadian Solar a good buy?
No, according to 6 Wall Street analysts, Canadian Solar (CSIQ) is considered a 'Sell'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 33.33% of CSIQ's total ratings.
What is CSIQ's price target?
Canadian Solar (CSIQ) average price target is $19.5 with a range of $11 to $27, implying a 55.01% from its last price of $12.58. The data is based on 6 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 55.01% (from the last price of $12.58 to the average price target of $19.5), up by 114.63% based on the highest stock price target, and down by -12.56% 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 is Canadian Solar's current price target trend?
1 Wall Street analyst forecast a $11 price target for Canadian Solar (CSIQ) this month, down -12.56% from its last price of $12.58. Compared to the last 3 and 12 months, the average price target increased by 40.46% and increased by 60.57%, respectively.
What are Canadian Solar's analysts' financial forecasts?
Canadian Solar's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.74B (high $7.74B, low $7.74B), average EBITDA is $538.83M (high $538.83M, low $538.83M), average net income is $264.11M (high $264.11M, low $264.11M), average SG&A $964.23M (high $964.23M, low $964.23M), and average EPS is $3.94 (high $3.94, low $3.94). CSIQ's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.74B (high $8.74B, low $8.74B), average EBITDA is $608.55M (high $608.55M, low $608.55M), average net income is $481.26M (high $481.26M, low $481.26M), average SG&A $1.09B (high $1.09B, low $1.09B), and average EPS is $7.18 (high $7.18, low $7.18).
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 $486.98M by -18.54%. The company's net income was $239.97M, beating the average estimation of $137.46M by 74.57%. 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, beating the average prediction of $118.86M by 29.20%. Canadian Solar's net income was $83.71M, beating the average estimation of $40.69M by 105.75%. 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%