CSIQ · NASDAQ · Solar

Canadian Solar (CSIQ)

Manufactures solar and storage products while developing and operating utility-scale energy projects.

$11.72
vs last close−0.05 (−0.41%)
Loading prices…

Canadian Solar Inc.CSIQ
Information Technology

Sells photovoltaic modules, battery-storage solutions, and utility-scale solar and storage projects. Manufacturing serves United States and other global markets through CS PowerTech and CSI Solar, while Recurrent Energy develops, sells, services, owns, and operates project assets.

Spans solar-module manufacturing and utility-scale project development through its Manufacturing and Recurrent Energy segments. Manufacturing combines CS PowerTech's United States-market solar, battery-storage, and power-technology products with CSI Solar's global-market solar products. Recurrent Energy develops solar and battery-storage projects, sells assets, provides power services, and earns electricity revenue from operating projects.

Business extends from photovoltaic modules and storage solutions to developing, owning, and operating utility-scale solar and storage facilities across a geographically diversified footprint. Operations depend on manufacturing and storage supply, utility-project development and construction, asset sales and power services, and operation of the retained portfolio.

Company facts

CEOColin Parkin
ListedNov 9, 2006
ExchangeNASDAQ
HeadquartersKitchener, ON
CountryCanada
Employees13,000
CIK0001375877
ISINCA1366351098

Market cap$799.1M
EPS (ttm)−$2.75
P/E (ttm)−4.28
ROE-6.6%
P/B0.2900
P/S0.1601
Dividend yieldDiv yield
Beta2.72vs XLK 0.71

Price target$17.00+44.4%Average of 33 analysts
ConsensusBuy15 of 33 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 31, 2026Wells FargoReiterate
Rating: Target: $15
Rating: Equal WeightTarget: $17
Aug 28, 2026Roth CapitalTarget
Target: $11
Target: $15
Aug 28, 2026Mizuho SecuritiesTarget
Target: $18
Target: $17
Jul 22, 2026CitigroupUpgrade
Rating: Sell
Rating: Neutral
Jun 15, 2026Mizuho SecuritiesTarget
Target: $15
Target: $18

Next report
Nov 12, 26
in 51 days
EPS estimate
−$1.05
Revenue estimate
$1.39B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$1.47−$1.07−$0.53−$0.58−$1.66−$0.71−$1.40Pending
Estimate−$0.21−$1.50$0.76−$1.08−$1.10−$1.06−$0.18−$1.05
Surprise−600.0%+28.7%−169.7%+46.3%−50.9%+33.0%−663.6%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$1.52B$1.20B$1.69B$1.49B$1.22B$1.08B$1.21BPending
Estimate$1.56B$1.10B$1.55B$1.36B$1.35B$1.02B$1.17B$1.39B
Surprise−2.7%+9.1%+9.0%+9.1%−10.2%+6.1%+3.1%
Estimate−$1.05
ReportedDue Nov 12, 2026
Estimate$1.39B
ReportedDue Nov 12, 2026
View details

Debt to equity265.20%
Current ratio102.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.51B$1.52B$1.20B$1.69B$1.49B$1.22B$1.08B$1.21B
Net income−$14.0M$33.9M−$34.0M$7.2M$9.0M−$86.3M−$32.1M−$76.9M
Net margin0.0%2.2%0.0%0.4%0.6%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$294.0K−$127.1M−$54.8M$127.4M$34.6M−$64.1M$72.9M−$71.1M
YoY growth−99.6%Loss widenedTurned loss+167.4%+11,665.0%Loss narrowedTurned profitTurned loss

Balance sheet, Jun 30, 2026Cash & short-term investments $1.46B · Total debt $7.31B · Total assets $16.11B · Shareholders' equity $2.76B

Revenue
$1.21B
Operating income
−$71.1M
Net income
−$76.9M
View details

No dividends on record.

Institutions≈ 60.00%40.74M ADS
183 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders21.08%14.31M ADS
11 holders · as of Jul 6, 2026
Strategic holders25.02%16.99M ADS
2 holders · as of Nov 17, 2025
Adds to106.10%

67.90M ADS as of Aug 28, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 106.10%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Shawn Xiaohua QuInsiderdirector, 10 percent owner, officer: Chief Technology Officer
20.72%14.07M ordinaryfiled May 28, 2026
PAG Castle Holdings Pte. Ltd.Strategic
16.18%10.99Mfiled Jul 7, 2025
Venture Holding S.a.r.l. SPFStrategic
8.84%6.00Mfiled Nov 17, 2025
Mayo, Van Otterloo & Co. LLCInstitution
7.87%5.34Mfiled Feb 13, 2024
BlackRock, Inc.Institution
7.83%5.32M ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 26, 2026Leslie Li Hsien Changdirector−1,767$19.45
May 19, 2026Andrew Luen Cheung Wongdirector−1,752$16.33
View details

  • First Solar

    Utility-scale thin-film PV modules for solar power projects

  • Tesla

    Utility-scale Megapack batteries and energy-management software

  • Fluence Energy

    Grid-scale battery storage systems and optimization software

  • AES

    Solar-plus-storage project development, ownership, and operation

Compare

CompanyPriceChange
Canadian Solar$11.72−0.41%$799.1M0.2−28.7%
First Solar$201.06+0.61%$21.48B12.39.54.0−3.7%
Tesla$378.30+0.80%$1.48T347.5183.514.3+25.5%
Fluence Energy$7.21−2.44%$1.36B0.5+7.9%
AES$14.84+0.10%$10.58B5.67.70.8+19.9%
Median12.39.52.4+13.9%