Canadian Solar Inc. (CSIQ)
NASDAQ: CSIQ · Real-Time Price · USD
7.86
-0.03 (-0.38%)
At close: Apr 23, 2025, 4:00 PM
7.92
+0.06 (0.76%)
After-hours: Apr 23, 2025, 6:39 PM EDT
Canadian Solar Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Canadian Solar stock have an average target of 17.54, with a low estimate of 8.00 and a high estimate of 35. The average target predicts an increase of 123.16% from the current stock price of 7.86.
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 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 3 | 1 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 2 | 2 | 2 | 2 | 3 | 2 |
| Total | 10 | 11 | 11 | 11 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Sell → Hold Upgrades $8 | Strong Sell → Hold | Upgrades | $8 | +1.78% | Apr 17, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $11 → $9 | Strong Sell | Maintains | $11 → $9 | +14.50% | Mar 26, 2025 |
| Wells Fargo | Wells Fargo | Hold Maintains $13 → $10 | Hold | Maintains | $13 → $10 | +27.23% | Jan 8, 2025 |
| Mizuho | Mizuho | Buy Initiates $20 | Buy | Initiates | $20 | +154.45% | Dec 13, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $15 → $13 | Hold | Maintains | $15 → $13 | +65.39% | Dec 5, 2024 |
Financial Forecast
Revenue This Year
7.44B
from 5.99B
Increased by 24.14%
Revenue Next Year
8.71B
from 7.44B
Increased by 17.07%
EPS This Year
-0.08
from 0.54
EPS Next Year
2.05
from -0.08
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 8.2B | 9.9B | 12.7B | ||
| Avg | 7.4B | 8.7B | 11.3B | ||
| Low | 6.2B | 7.7B | 9.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 36.2% | 33.3% | 46.1% | ||
| Avg | 24.1% | 17.1% | 29.3% | ||
| Low | 3.4% | 2.8% | 13.8% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 1.69 | 5.25 | 7.74 |
| Avg | -0.08 | 2.05 | 7.52 |
| Low | -2.41 | 0.82 | 7.22 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 213.1% | - | 276.9% |
| Avg | - | - | 266.1% |
| Low | - | - | 251.7% |
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.