Canadian Solar (NASDAQ:CSIQ) Announces Quarterly Earnings Results, Misses Expectations By $1.26 EPS

Canadian Solar (NASDAQ:CSIQ) released its quarterly earnings data on Tuesday. The solar energy provider reported ($1.47) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($1.26), Zacks reports. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the company posted ($0.02) EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. Canadian Solar updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Canadian Solar Price Performance

NASDAQ:CSIQ opened at $9.76 on Wednesday. Canadian Solar has a 52-week low of $9.19 and a 52-week high of $21.05. The stock has a fifty day moving average of $10.36 and a 200 day moving average of $12.10. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.06. The firm has a market capitalization of $645.71 million, a price-to-earnings ratio of -81.33, a P/E/G ratio of 0.74 and a beta of 1.34.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Mizuho initiated coverage on Canadian Solar in a research report on Friday, December 13th. They set an “outperform” rating and a $20.00 target price on the stock. Wells Fargo & Company decreased their price objective on shares of Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered Canadian Solar from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group cut Canadian Solar from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $14.00 to $11.00 in a research report on Tuesday, December 17th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.04.

Canadian Solar Company Profile

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.