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
Target Low Average Median High
Price $11 $20.92 $20 $35
Change -4.39% +81.83% +73.84% +204.22%
* 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 '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 333332
Buy 111111
Hold 333333
Sell 111111
Strong Sell 111122
Total 9999109

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Citigroup
Citigroup
Strong Sell
Downgrades
$19$11
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
More Analyst Ratings

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%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
3.20B3.48B5.28B7.47B7.61B6.96B8.22B9.13B
Revenue Growth
-14.53%8.62%51.80%41.53%1.94%-8.61%18.11%11.11%
EPS
2.842.381.463.443.871.582.955.11
EPS Growth
-26.84%-16.21%-38.63%135.90%12.41%-59.25%87.16%72.90%
Forward PE
-----7.293.902.25
No. Analysts -----131210
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
-3.5%
36.1%
30.4%
Avg
-8.6%
18.1%
11.1%
Low
-16.4%
0.4%
-11.4%

EPS Forecast

EPS 202420252026
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 202420252026
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.