Canadian Solar Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for Canadian Solar stock have an average target of 29.23, with a low estimate of 9.10 and a high estimate of 51. The average target predicts an increase of 101.03% from the current stock price of 14.54.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$9.10	$29.23	$24	$51
Change	-37.41%	+101.03%	+65.06%	+250.76%

Analyst Ratings

The average analyst rating for Canadian Solar stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	2	2	2	2	3	3
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	1	1
Total	8	8	8	8	9	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jon Windham UBS	UBS	Strong Buy Maintains $38 → $35	Strong Buy	Maintains	$38 → $35	+140.72%	Jun 12, 2024
Philip Shen Roth MKM	Roth MKM	Strong Buy Maintains $25	Strong Buy	Maintains	$25	+71.94%	May 22, 2024
Michael Blum Wells Fargo	Wells Fargo	Hold Maintains $28 → $23	Hold	Maintains	$28 → $23	+58.18%	Mar 19, 2024
J.B. Lowe Citigroup	Citigroup	Hold Maintains $26 → $24	Hold	Maintains	$26 → $24	+65.06%	Mar 15, 2024
Brian Lee Goldman Sachs	Goldman Sachs	Hold Maintains $28 → $24	Hold	Maintains	$28 → $24	+65.06%	Mar 15, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

11.28B

from 7.61B

48.12%

from 7.61B

Revenue Next Year

8.83B

from 11.28B

-21.73%

from 11.28B

EPS This Year

4.87

from 3.87

25.81%

from 3.87

EPS Next Year

3.50

from 4.87

-28.11%

from 4.87

Year	2019	2020	2021	2022	2023	2024	2024	2024	2025	2025	2025	2026	2026	2026	2027	2027	2028	2028
Revenue	3.20B	3.48B	5.28B	7.47B	7.61B	11.28B	8.83B	7.81B	14.74B	10.40B	9.44B	13.84B	10.35B	11.55B	12.70B	12.70B	13.42B	13.42B
Revenue Growth	-14.53%	8.62%	51.80%	41.53%	1.94%	48.12%	-21.73%	-11.49%	88.74%	-29.44%	-9.29%	46.62%	-25.22%	11.59%	9.98%	-	5.67%	-
EPS	2.83	2.38	1.46	3.44	3.87	4.87	3.50	2.89	5.45	5.05	4.79	8.77	5.94	7.00	10.69	10.69	10.95	10.95
EPS Growth	-27.06%	-15.90%	-38.66%	135.62%	12.50%	25.81%	-28.11%	-17.36%	88.31%	-7.24%	-5.29%	83.31%	-32.32%	17.91%	52.70%	-	2.48%	-
Forward PE	-	-	-	-	-	2.99	4.15	5.03	2.67	2.88	3.04	1.66	2.45	2.08	1.36	1.36	1.33	1.33
No. Analysts	-	-	-	-	-	5	12	13	3	11	12	3	8	6	3	3	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	8.3B	11.4B	14.6B	13.4B	13.8B
Avg	7.8B	9.4B	11.5B	12.7B	13.4B
Low	7.0B	8.1B	9.3B	11.9B	12.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	9.4%	46.2%	55.1%	16.2%	8.8%
Avg	2.6%	20.8%	22.4%	10.0%	5.7%
Low	-7.9%	3.5%	-1.3%	2.8%	1.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.89	7.43	11.01	11.00	11.28
Avg	2.89	4.79	7.00	10.69	10.95
Low	1.44	1.68	4.16	10.27	10.53

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	26.4%	157.0%	130.2%	57.2%	5.5%
Avg	-25.3%	65.4%	46.3%	52.7%	2.5%
Low	-62.8%	-42.1%	-13.2%	46.7%	-1.5%

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.