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 72.57% upside from CSIQ’s last price of $11.30) 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 72.57% upside from CSIQ's last price of $11.30.
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 | - | - | -12.91% | -2.65% |
| Aug 27, 2024 | Michael Blum | Wells Fargo | - | - | 10.86% | 32.74% |
| Aug 23, 2024 | Colin Rusch | Oppenheimer | - | - | 119.96% | 138.94% |
| Mar 19, 2024 | Praneeth Satish | Wells Fargo | - | - | 22.93% | 103.54% |
| Dec 18, 2023 | Brian Lee | Goldman Sachs | - | - | 3.35% | 121.24% |
| Sep 07, 2022 | Brian Lee | Goldman Sachs | - | - | -19.17% | 236.28% |
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 -2.65% decrease from CSIQ last price ($11.30).
Canadian Solar Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 5 |
| Avg Price Target | - | $17.67 | $20.20 |
| Last Closing Price | $11.30 | $11.30 | $11.30 |
| Upside/Downside | -100.00% | 56.37% | 78.76% |
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 $11.30. 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
| 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 | $191.15M | $299.80M | $272.34M | $213.33M | $203.53M | $257.69M | $219.72M | $183.80M | $239.53M | $191.22M | $175.13M | $150.52M | $188.22M | $227.09M | $277.92M | $190.75M | $214.87M | $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 | $191.15M | $299.80M | $272.34M | $213.33M | $203.53M | $257.69M | $219.72M | $183.80M | $239.53M | $194.61M | $176.14M | $150.52M | $193.92M | $227.09M | $277.92M | $190.75M | $214.87M | $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 | $191.15M | $299.80M | $272.34M | $213.33M | $203.53M | $257.69M | $219.72M | $183.80M | $239.53M | $187.83M | $174.11M | $150.52M | $182.52M | $227.09M | $277.92M | $190.75M | $214.87M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 0.68% | 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 $277.92M, with a high of $277.92M and a low of $277.92M. This is 80.99% 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).