Canadian Solar Inc. (CSIQ)
NASDAQ: CSIQ · IEX Real-Time Price · USD
19.76
+0.36 (1.86%)
At close: Mar 28, 2024, 4:00 PM
19.83
+0.07 (0.35%)
After-hours: Mar 28, 2024, 7:57 PM EDT

Canadian Solar Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for Canadian Solar stock have an average target of 29.89, with a low estimate of 9.10 and a high estimate of 51. The average target predicts an increase of 51.27% from the current stock price of 19.76.

Analyst Consensus: Hold
Target Low Average Median High
Price $9.10 $29.89 $24 $51
Change -53.95% +51.27% +21.46% +158.10%

Analyst Ratings

The average analyst rating for Canadian Solar stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 222222
Buy 111111
Hold 434333
Sell 011111
Strong Sell 221111
Total 999888

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Wells Fargo
Wells Fargo
Hold
Maintains
$28$23
Hold Maintains $28$23 +16.40% Mar 19, 2024
Citigroup
Citigroup
Hold
Maintains
$26$24
Hold Maintains $26$24 +21.46% Mar 15, 2024
Goldman Sachs
Goldman Sachs
Hold
Maintains
$28$24
Hold Maintains $28$24 +21.46% Mar 15, 2024
GLJ Research
GLJ Research
Strong Sell
Maintains
$16$9.1
Strong Sell Maintains $16$9.1 -53.95% Mar 13, 2024
Goldman Sachs
Goldman Sachs
Hold
Maintains
$25$28
Hold Maintains $25$28 +41.70% Jan 24, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
11.28B
from 7.61B
Increased by 48.12%
Revenue Next Year
9.76B
from 11.28B
Decreased by -13.44%
EPS This Year
4.87
from 3.87
Increased by 25.81%
EPS Next Year
3.54
from 4.87
Decreased by -27.30%
Year 201920202021202220232024202420252025202620262027202720282028
Revenue
3.20B3.48B5.28B7.47B7.61B11.28B9.76B14.74B11.29B13.84B13.84B15.11B15.11B16.11B16.11B
Revenue Growth
-14.53%8.62%51.80%41.53%1.94%48.12%-13.44%51.05%-23.43%22.57%-9.18%-6.63%-
EPS
2.832.381.463.443.874.873.545.454.738.778.779.319.319.639.63
EPS Growth
-27.06%-15.90%-38.66%135.62%12.50%25.81%-27.30%53.88%-13.10%85.32%-6.16%-3.40%-
No. Analysts -----51139333333
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 12.0B 13.9B 14.8B 15.9B 16.6B
Avg 9.8B 11.3B 13.8B 15.1B 16.1B
Low 8.4B 9.4B 12.8B 14.2B 15.5B

Revenue Growth

Revenue Growth 20242025202620272028
High
57.2%
42.5%
31.0%
14.8%
9.8%
Avg
28.2%
15.7%
22.6%
9.2%
6.6%
Low
10.1%
-3.4%
13.3%
2.6%
2.4%

EPS Forecast

EPS 20242025202620272028
High 5.16 7.49 9.03 9.59 9.91
Avg 3.54 4.73 8.77 9.31 9.63
Low 1.78 2.58 8.43 8.95 9.25

EPS Growth

EPS Growth 20242025202620272028
High
33.2%
111.5%
90.8%
9.3%
6.4%
Avg
-8.5%
33.7%
85.3%
6.2%
3.4%
Low
-53.9%
-27.2%
78.0%
2.0%
-0.7%
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.