Canadian Solar Inc. (CSIQ)
NASDAQ: CSIQ · Real-Time Price · USD
15.96
+0.84 (5.56%)
At close: Nov 4, 2024, 4:00 PM
15.91
-0.05 (-0.31%)
After-hours: Nov 4, 2024, 4:41 PM EST
Canadian Solar Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Canadian Solar stock have an average target of 22.33, with a low estimate of 11 and a high estimate of 35. The average target predicts an increase of 39.91% from the current stock price of 15.96.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Canadian Solar stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 2 |
| Total | 9 | 9 | 9 | 9 | 9 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold → Strong Sell Downgrades $19 → $11 | Hold → Strong Sell | Downgrades | $19 → $11 | -31.08% | Oct 22, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $25 → $20 | Strong Buy | Maintains | $25 → $20 | +25.31% | Aug 26, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $18 → $16 | Hold | Maintains | $18 → $16 | +0.25% | Aug 26, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $43 → $27 | Buy | Maintains | $43 → $27 | +69.17% | Aug 23, 2024 |
| GLJ Research | GLJ Research | Strong Sell Maintains $9.1 → $12 | Strong Sell | Maintains | $9.1 → $12 | -23.06% | Jul 30, 2024 |
Financial Forecast
Revenue This Year
6.96B
from 7.61B
Decreased by -8.61%
Revenue Next Year
8.22B
from 6.96B
Increased by 18.11%
EPS This Year
1.58
from 3.87
Decreased by -59.25%
EPS Next Year
2.95
from 1.58
Increased by 87.16%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.4B | 9.5B | 10.7B |
| Avg | 7.0B | 8.2B | 9.1B |
| Low | 6.4B | 7.0B | 7.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -3.5% | 36.1% | 30.4% |
| Avg | -8.6% | 18.1% | 11.1% |
| Low | -16.4% | 0.4% | -11.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.94 | 4.00 | 7.52 |
| Avg | 1.58 | 2.95 | 5.11 |
| Low | 0.72 | 1.51 | 3.30 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -24.1% | 153.6% | 154.6% |
| Avg | -59.2% | 87.2% | 72.9% |
| Low | -81.5% | -4.3% | 11.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.