Canadian Solar Inc. (CSIQ)
NASDAQ: CSIQ · IEX Real-Time Price · USD
18.19
+2.36 (14.91%)
At close: May 22, 2024, 4:00 PM
18.07
-0.12 (-0.66%)
After-hours: May 22, 2024, 7:54 PM EDT

Canadian Solar Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for Canadian Solar stock have an average target of 29.34, with a low estimate of 9.10 and a high estimate of 51. The average target predicts an increase of 61.30% from the current stock price of 18.19.

Analyst Consensus: Buy
Target Low Average Median High
Price $9.10 $29.34 $24 $51
Change -49.97% +61.30% +31.94% +180.37%

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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 222223
Buy 111111
Hold 433333
Sell 111111
Strong Sell 111111
Total 988889

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Roth MKM
Roth MKM
Strong Buy
Maintains
$25
Strong Buy Maintains $25 +37.44% May 22, 2024
Wells Fargo
Wells Fargo
Hold
Maintains
$28$23
Hold Maintains $28$23 +26.44% Mar 19, 2024
Citigroup
Citigroup
Hold
Maintains
$26$24
Hold Maintains $26$24 +31.94% Mar 15, 2024
Goldman Sachs
Goldman Sachs
Hold
Maintains
$28$24
Hold Maintains $28$24 +31.94% Mar 15, 2024
GLJ Research
GLJ Research
Strong Sell
Maintains
$16$9.1
Strong Sell Maintains $16$9.1 -49.97% Mar 13, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
11.28B
from 7.61B
Increased by 48.12%
Revenue Next Year
8.83B
from 11.28B
Decreased by -21.73%
EPS This Year
4.87
from 3.87
Increased by 25.81%
EPS Next Year
3.50
from 4.87
Decreased by -28.11%
Year 201920202021202220232024202420252025202620262027202720282028
Revenue
3.20B3.48B5.28B7.47B7.61B11.28B8.83B14.74B10.40B13.84B11.55B14.86B14.86B15.37B15.37B
Revenue Growth
-14.53%8.62%51.80%41.53%1.94%48.12%-21.73%67.05%-29.44%33.01%-16.55%28.66%-3.47%-
EPS
2.832.381.463.443.874.873.505.455.058.777.0012.1412.1412.4612.46
EPS Growth
-27.06%-15.90%-38.66%135.62%12.50%25.81%-28.11%55.62%-7.24%73.61%-20.19%73.39%-2.69%-
No. Analysts -----512311363333
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 9.5B 12.9B 14.6B 15.4B 15.8B
Avg 8.8B 10.4B 11.5B 14.9B 15.4B
Low 7.6B 9.0B 9.3B 14.2B 14.8B

Revenue Growth

Revenue Growth 20242025202620272028
High
24.8%
45.7%
40.7%
33.2%
6.5%
Avg
15.9%
17.9%
11.0%
28.7%
3.5%
Low
-0.4%
2.1%
-10.5%
22.9%
-0.6%

EPS Forecast

EPS 20242025202620272028
High 5.84 9.03 11.01 12.50 12.83
Avg 3.50 5.05 7.00 12.14 12.46
Low 2.49 2.57 4.16 11.66 11.98

EPS Growth

EPS Growth 20242025202620272028
High
50.9%
158.0%
118.0%
78.5%
5.7%
Avg
-9.6%
44.4%
38.6%
73.4%
2.7%
Low
-35.7%
-26.6%
-17.8%
66.6%
-1.3%
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.