Canadian Solar Inc. (CSIQ)
NASDAQ: CSIQ · Real-Time Price · USD
11.50
+0.74 (6.88%)
At close: Dec 20, 2024, 4:00 PM
11.56
+0.06 (0.52%)
After-hours: Dec 20, 2024, 4:09 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 19.31, with a low estimate of 11 and a high estimate of 35. The average target predicts an increase of 67.91% from the current stock price of 11.50.
Analyst Consensus: Hold
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 2 | 2 | 2 |
| Total | 9 | 9 | 9 | 10 | 10 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Buy Initiates $20 | Buy | Initiates | $20 | +73.91% | Dec 13, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $15 → $13 | Hold | Maintains | $15 → $13 | +13.04% | Dec 5, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $14 | Strong Buy | Initiates | $14 | +23.04% | Nov 22, 2024 |
| Citigroup | Citigroup | Hold → Strong Sell Downgrades $19 → $11 | Hold → Strong Sell | Downgrades | $19 → $11 | -4.35% | Oct 22, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $25 → $20 | Strong Buy | Maintains | $25 → $20 | +73.91% | Aug 26, 2024 |
Financial Forecast
Revenue This Year
6.98B
from 7.61B
Decreased by -8.36%
Revenue Next Year
8.18B
from 6.98B
Increased by 17.24%
EPS This Year
1.35
from 3.87
Decreased by -65.22%
EPS Next Year
2.70
from 1.35
Increased by 100.68%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 7.4B | 9.5B | 10.7B | |||
| Avg | 7.0B | 8.2B | 9.2B | |||
| Low | 6.4B | 7.0B | 7.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -3.5% | 35.8% | 31.0% | |||
| Avg | -8.4% | 17.2% | 12.0% | |||
| Low | -16.4% | 0.1% | -11.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 2.94 | 4.00 | 7.52 | |||
| Avg | 1.35 | 2.70 | 4.42 | |||
| Low | 0.63 | 1.39 | 1.63 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -24.1% | 197.1% | 178.2% | |||
| Avg | -65.2% | 100.7% | 63.7% | |||
| Low | -83.8% | 3.4% | -39.8% |
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.