Canadian Solar Inc. (CSIQ)
NASDAQ: CSIQ · Real-Time Price · USD
11.28
-0.07 (-0.62%)
At close: Feb 21, 2025, 4:00 PM
11.30
+0.02 (0.18%)
After-hours: Feb 21, 2025, 7:21 PM EST
Canadian Solar Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Canadian Solar stock have an average target of 19.04, with a low estimate of 10 and a high estimate of 35. The average target predicts an increase of 68.79% from the current stock price of 11.28.
Analyst Consensus: Hold
* Price targets were last updated on Jan 8, 2025.
Analyst Ratings
The average analyst rating for Canadian Solar stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 2 | 2 | 2 | 2 | 2 |
| Total | 9 | 10 | 10 | 11 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Hold Maintains $13 → $10 | Hold | Maintains | $13 → $10 | -11.35% | Jan 8, 2025 |
| Mizuho | Mizuho | Buy Initiates $20 | Buy | Initiates | $20 | +77.30% | Dec 13, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $15 → $13 | Hold | Maintains | $15 → $13 | +15.25% | Dec 5, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $14 | Strong Buy | Initiates | $14 | +25.44% | Nov 22, 2024 |
| Citigroup | Citigroup | Hold → Strong Sell Downgrades $19 → $11 | Hold → Strong Sell | Downgrades | $19 → $11 | -2.48% | Oct 22, 2024 |
Financial Forecast
Revenue This Year
6.26B
from 7.61B
Decreased by -17.79%
Revenue Next Year
7.52B
from 6.26B
Increased by 20.19%
EPS This Year
0.43
from 3.87
Decreased by -88.97%
EPS Next Year
-0.18
from 0.43
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 7.3B | 9.1B | 11.1B | |||
| Avg | 6.3B | 7.5B | 8.7B | |||
| Low | 5.8B | 6.2B | 6.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -3.9% | 45.7% | 47.2% | |||
| Avg | -17.8% | 20.2% | 15.7% | |||
| Low | -23.5% | -1.7% | -17.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.10 | 3.34 | 6.37 | |
| Avg | 0.43 | -0.18 | 1.94 | |
| Low | -0.29 | -8.99 | -2.81 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -45.8% | 682.1% | - | |
| Avg | -89.0% | - | - | |
| Low | - | - | - |
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.