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NASDAQ:CSIQ - Canadian Solar Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $51.56
  • Forecasted Upside: 42.81 %
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$36.10
▼ -0.52 (-1.42%)
1 month | 3 months | 12 months
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Analyst Price Target for CSIQ

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$51.56
▲ +42.81% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Canadian Solar in the last 3 months. The average price target is $51.56, with a high forecast of $71.00 and a low forecast of $22.00. The average price target represents a 42.81% upside from the last price of $36.10.

Buy

The current consensus among 8 polled investment analysts is to buy stock in Canadian Solar. This rating has held steady since February 2020, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
11/24/2019
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 0 sell ratings
2/22/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/22/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
8/20/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
11/18/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
2/16/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/17/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/17/2021

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/23/2021Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellLower Price Target$71.00 ➝ $63.00Medium
i
3/23/2021CitigroupLower Price Target$71.00 ➝ $63.00Low
i
3/23/2021Roth CapitalBoost Price TargetBuy$50.00 ➝ $55.00Low
i
3/8/2021JPMorgan Chase & Co.Lower Price TargetNeutral$54.00 ➝ $46.00Low
i
1/20/2021JPMorgan Chase & Co.Boost Price TargetNeutral$50.00 ➝ $54.00High
i
1/8/2021Smith Barney CitigroupInitiated CoverageBuy$71.00Low
i
1/8/2021Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellInitiated CoverageBuy$71.00High
i
1/4/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral$43.00 ➝ $48.00N/A
i
12/9/2020JPMorgan Chase & Co.Boost Price TargetNeutral$35.00 ➝ $42.00High
i
11/25/2020CICC ResearchUpgradeMarket Perform ➝ Outperform$48.00High
i
11/20/2020OppenheimerBoost Price TargetOutperform$33.00 ➝ $48.00High
i
Rating by Colin Rusch at Oppenheimer Holdings Inc.
11/20/2020Roth CapitalBoost Price TargetBuy$32.00 ➝ $50.00High
i
11/9/2020The Goldman Sachs GroupBoost Price TargetBuy$42.00 ➝ $44.00High
i
10/21/2020JPMorgan Chase & Co.Boost Price TargetNeutral$30.00 ➝ $35.00High
i
8/7/2020OppenheimerReiterated RatingBuy$33.00High
i
Rating by Colin Rusch at Oppenheimer Holdings Inc.
7/29/2020JPMorgan Chase & Co.Boost Price TargetNeutral$24.00 ➝ $28.00Low
i
5/29/2020CfraUpgradeHold ➝ Buy$20.00 ➝ $22.00Low
i
5/28/2020OppenheimerReiterated RatingBuy$25.00High
i
1/3/2020The Goldman Sachs GroupUpgradeNeutral ➝ BuyLow
i
12/2/2019Roth CapitalReiterated RatingBuy$32.00High
i
Rating by P. Shen at Roth Capital
8/16/2019Roth CapitalBoost Price TargetBuy$27.00 ➝ $32.00High
i
8/16/2019Cascend SecuritiesReiterated RatingBuy ➝ Buy$25.00 ➝ $30.00Low
i
6/21/2019JPMorgan Chase & Co.Set Price TargetHold$25.00Low
i
Rating by Mark Strouse at JPMorgan Chase & Co.
4/11/2019JPMorgan Chase & Co.Initiated CoverageNeutral$22.00Low
i
Rating by Paul Coster at JPMorgan Chase & Co.
3/1/2019Standpoint ResearchDowngradeBuy ➝ HoldLow
i
2/20/2019Cascend SecuritiesUpgradeHold ➝ Buy$21.00 ➝ $27.00High
i
2/11/2019UBS GroupUpgradeSell ➝ Neutral$23.00Medium
i
1/3/2019The Goldman Sachs GroupUpgradeNeutral ➝ Buy$14.00 ➝ $19.00Low
i
Rating by Brian K. Lee at The Goldman Sachs Group, Inc.
12/18/2018Cascend SecuritiesUpgradeHold ➝ BuyMedium
i
11/16/2018The Goldman Sachs GroupSet Price TargetHold$14.00Low
i
Rating by Brian K. Lee at The Goldman Sachs Group, Inc.
11/15/2018Roth CapitalReiterated RatingBuyMedium
i
Rating by P. Shen at Roth Capital
11/15/2018JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$17.00High
i
Rating by Paul Coster at JPMorgan Chase & Co.
10/22/2018JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$15.00 ➝ $15.00High
i
Rating by Paul Coster at JPMorgan Chase & Co.
8/23/2018B. RileyLower Price TargetNeutral ➝ Hold$18.00 ➝ $17.00Medium
i
Rating by Carter Driscoll at B. Riley
8/15/2018B. RileySet Price TargetHold$18.00Low
i
Rating by Carter Driscoll at B. Riley
6/7/2018JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$17.00 ➝ $15.00High
i
Rating by Paul Coster at JPMorgan Chase & Co.
5/17/2018B. RileySet Price TargetHold$18.00Low
i
Rating by Carter Driscoll at B. Riley
3/27/2018JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$17.51 ➝ $17.00High
i
Rating by Paul Coster at JPMorgan Chase & Co.
3/20/2018OppenheimerLower Price TargetOutperform$32.00 ➝ $19.00Medium
i
3/20/2018B. RileyReiterated RatingHold$18.00Low
i
Rating by Carter Driscoll at B. Riley
3/15/2018UBS GroupInitiated CoverageSell$15.00Medium
i
3/15/2018B. RileySet Price TargetNeutral$15.00 ➝ $18.00Medium
i
Rating by Carter Driscoll at B. Riley
2/1/2018JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$16.00Low
i
Rating by Paul Coster at JPMorgan Chase & Co.
1/12/2018B. RileySet Price TargetHold$15.00High
i
Rating by Carter Driscoll at B. Riley
1/9/2018The Goldman Sachs GroupInitiated CoverageNeutral ➝ Neutral$19.00N/A
i
12/15/2017Axiom SecuritiesDowngradeBuy ➝ Hold$17.00Medium
i
Rating by Gordon Johnson at Axiom Securities
12/12/2017JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$15.00Medium
i
12/11/2017CowenSet Price TargetHold$18.00Medium
i
Rating by Jeff Osborne at Cowen Inc
12/11/2017B. RileySet Price TargetHold$15.00High
i
Rating by Carter Driscoll at B. Riley
11/15/2017Axiom SecuritiesSet Price TargetBuy$18.00 ➝ $26.00N/A
i
Rating by Gordon Johnson at Axiom Securities
11/10/2017Roth CapitalUpgradeNeutral ➝ Buy$24.00N/A
i
Rating by P. Shen at Roth Capital
11/1/2017B. RileyReiterated RatingNeutralN/A
i
Rating by C. Driscoll at B. Riley
10/22/2017CowenReiterated RatingHold$17.00N/A
i
Rating by Jeff Osborne at Cowen Inc
8/26/2017Axiom SecuritiesReiterated RatingBuyLow
i
Rating by Gordon Johnson at Axiom Securities
8/21/2017BarclaysDowngradeEqual Weight ➝ Underweight$12.00 ➝ $14.00High
i
Rating by Jon Windham at Barclays PLC
8/15/2017(FBRC)Reiterated RatingNeutral$13.00 ➝ $15.00Medium
i
Rating by Carter Driscoll at (FBRC)
8/15/2017CowenReiterated RatingMarket Perform$16.00 ➝ $17.00Medium
i
Rating by Jeff Osborne at Cowen Inc
8/14/2017CowenSet Price TargetHold$16.00Medium
i
Rating by Jeff Osborne at Cowen Inc
8/10/2017Axiom SecuritiesReiterated RatingBuyLow
i
Rating by Gordon Johnson at Axiom Securities
7/22/2017Axiom SecuritiesReiterated RatingBuyLow
i
Rating by Gordon Johnson at Axiom Securities
7/10/2017CowenSet Price TargetHold$13.00Low
i
Rating by Jeff Osborne at Cowen Inc
6/9/2017Axiom SecuritiesReiterated RatingSellLow
i
Rating by Gordon Johnson at Axiom Securities
6/8/2017CowenReiterated RatingHoldLow
i
Rating by Jeff Osborne at Cowen Inc
6/7/2017CowenBoost Price TargetMarket Perform$10.00 ➝ $13.00Low
i
4/20/2017OppenheimerReiterated RatingOutperform$31.00Low
i
4/17/2017Axiom SecuritiesInitiated CoverageBuy$18.00Low
i
3/22/2017Roth CapitalSet Price TargetHold$12.00Medium
i
Rating by Philip Shen at Roth Capital
3/22/2017JPMorgan Chase & Co.Lower Price TargetNeutral$16.00 ➝ $14.00High
i
3/22/2017(FBRC)Reiterated RatingMkt Perform ➝ Mkt Perform$12.00 ➝ $13.00High
i
Rating by C. Driscoll at (FBRC)
2/22/2017JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$15.36 ➝ $16.00N/A
i
12/21/2016GuggenheimReiterated RatingNeutralN/A
i
12/15/2016GuggenheimInitiated CoverageNeutralN/A
i
11/22/2016JMP SecuritiesReiterated RatingHoldN/A
i
Rating by Joseph Osha at JMP Securities
11/22/2016Roth CapitalReiterated RatingBuy ➝ Neutral$20.00 ➝ $11.00N/A
i
Rating by philip shen at Roth Capital
11/22/2016(FBRC)DowngradeOutperform ➝ Market Perform$23.00 ➝ $12.00N/A
i
Rating by carter driscoll at (FBRC)
9/8/2016JMP SecuritiesInitiated CoverageMarket PerformN/A
i
9/6/2016Standpoint ResearchReiterated RatingBuy$18.00N/A
i
8/25/2016CowenInitiated CoverageOutperform$28.50N/A
i
Rating by jeff osborne at Cowen Inc
8/24/2016BarclaysDowngradeOverweight ➝ Equal Weight$24.00 ➝ $14.00N/A
i
Rating by Jon Windham at Barclays PLC
8/21/2016Roth CapitalSet Price TargetBuy$20.00N/A
i
Rating by philip shen at Roth Capital
8/19/2016Canaccord GenuitySet Price TargetBuy$29.00 ➝ $20.00N/A
i
Rating by jonathan dorsheimer at Canaccord Genuity
8/19/2016CowenDowngradeOutperform ➝ Market Perform$20.00 ➝ $13.00N/A
i
8/19/2016(FBRC)Lower Price TargetOutperform$32.00 ➝ $23.00N/A
i
Rating by Carter Driscoll at (FBRC)
8/8/2016Roth CapitalReiterated RatingBuy$20.00N/A
i
Rating by Philip Shen at Roth Capital
8/3/2016Morgan StanleyDowngradeOverweight ➝ Underweight$24.00 ➝ $12.80N/A
i
6/29/2016Canaccord GenuityReiterated RatingBuy$29.00N/A
i
Rating by Jonathan Dorsheimer at Canaccord Genuity
6/27/2016(FBRC)Reiterated RatingBuy$32.00N/A
i
Rating by Sahar Wolff at (FBRC)
(Data available from 5/18/2016 forward)
Canadian Solar logo
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company's primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada.
Read More

Today's Range

Now: $36.10
$35.20
$36.40

50 Day Range

MA: $43.04
$35.25
$49.63

52 Week Range

Now: $36.10
$16.82
$67.39

Volume

1,074,167 shs

Average Volume

2,151,753 shs

Market Capitalization

$2.16 billion

P/E Ratio

10.46

Dividend Yield

N/A

Beta

1.55

Frequently Asked Questions

What sell-side analysts currently cover shares of Canadian Solar?

The following Wall Street analysts have issued stock ratings on Canadian Solar in the last twelve months: Cfra, CICC Research, Citigroup Inc., Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, JPMorgan Chase & Co., Oppenheimer Holdings Inc., Roth Capital, Smith Barney Citigroup, The Goldman Sachs Group, Inc., and Zacks Investment Research.
View the latest analyst ratings for CSIQ.

What is the current price target for Canadian Solar?

9 Wall Street analysts have set twelve-month price targets for Canadian Solar in the last year. Their average twelve-month price target is $51.56, suggesting a possible upside of 42.8%. Smith Barney Citigroup has the highest price target set, predicting CSIQ will reach $71.00 in the next twelve months. Cfra has the lowest price target set, forecasting a price of $22.00 for Canadian Solar in the next year.
View the latest price targets for CSIQ.

What is the current consensus analyst rating for Canadian Solar?

Canadian Solar currently has 2 hold ratings and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CSIQ will outperform the market and that investors should add to their positions of Canadian Solar.
View the latest ratings for CSIQ.

What other companies compete with Canadian Solar?

How do I contact Canadian Solar's investor relations team?

Canadian Solar's physical mailing address is 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, N1K 1E6. The solar energy provider's listed phone number is 519-837-1881 and its investor relations email address is [email protected] The official website for Canadian Solar is www.canadiansolar.com.