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
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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Hold | 4 | 3 | 4 | 3 | 3 | 3 |
Sell | 0 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 2 | 2 | 1 | 1 | 1 | 1 |
Total | 9 | 9 | 9 | 8 | 8 | 8 |
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 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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.