Canadian Solar Inc. (CSIQ)
NASDAQ: CSIQ · Real-Time Price · USD
11.51
-0.30 (-2.50%)
Nov 21, 2024, 1:22 PM EST - Market open
Canadian Solar Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Canadian Solar stock have an average target of 20.92, with a low estimate of 11 and a high estimate of 35. The average target predicts an increase of 81.83% from the current stock price of 11.51.
Analyst Consensus: Hold
* Price targets were last updated on Oct 22, 2024.
Analyst Ratings
The average analyst rating for Canadian Solar stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
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 | 2 | 2 |
Total | 9 | 9 | 9 | 9 | 10 | 9 |
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 | -4.39% | Oct 22, 2024 |
Roth MKM | Roth MKM | Strong Buy Maintains $25 → $20 | Strong Buy | Maintains | $25 → $20 | +73.84% | Aug 26, 2024 |
Goldman Sachs | Goldman Sachs | Hold Maintains $18 → $16 | Hold | Maintains | $18 → $16 | +39.07% | Aug 26, 2024 |
Oppenheimer | Oppenheimer | Buy Maintains $43 → $27 | Buy | Maintains | $43 → $27 | +134.68% | Aug 23, 2024 |
GLJ Research | GLJ Research | Strong Sell Maintains $9.1 → $12 | Strong Sell | Maintains | $9.1 → $12 | +6.74% | 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.