Canadian Solar Inc. (CSIQ)
NASDAQ: CSIQ · Real-Time Price · USD
10.72
+0.61 (6.03%)
May 15, 2025, 12:37 PM - Market open
Canadian Solar Stock Forecast
Stock Price Forecast
According to 10 professional analysts, the 12-month price target for Canadian Solar stock ranges from a low of $8.00 to a high of $35. The average analyst price target of $17.54 forecasts a 63.62% increase in the stock price over the next year.
Price Target: $17.54 (+63.62%)
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Canadian Solar stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 1 | 2 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 2 | 2 | 2 | 3 | 2 | 2 |
| Total | 11 | 11 | 11 | 10 | 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 | -25.37% | Apr 17, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $11 → $9 | Strong Sell | Maintains | $11 → $9 | -16.04% | Mar 26, 2025 |
| Wells Fargo | Wells Fargo | Hold Maintains $13 → $10 | Hold | Maintains | $13 → $10 | -6.72% | Jan 8, 2025 |
| Mizuho | Mizuho | Buy Initiates $20 | Buy | Initiates | $20 | +86.57% | Dec 13, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $15 → $13 | Hold | Maintains | $15 → $13 | +21.27% | Dec 5, 2024 |
Financial Forecast
Revenue This Year
7.46B
from 5.99B
Increased by 24.47%
Revenue Next Year
8.74B
from 7.46B
Increased by 17.17%
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 | 8.3B | 10.2B | 12.7B | ||
| Avg | 7.5B | 8.7B | 11.3B | ||
| Low | 6.2B | 7.7B | 9.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 38.7% | 36.9% | 45.6% | ||
| Avg | 24.5% | 17.2% | 28.8% | ||
| Low | 3.4% | 2.5% | 13.4% |
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.