NASDAQ:CSIQ - Canadian Solar Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $54.00
  • Forecasted Upside: 38.39 %
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$39.02
▼ -0.66 (-1.66%)

This chart shows the closing price for CSIQ by one month, three months, or twelve months.

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Analyst Price Target for CSIQ

Analyst Price Target is $54.00
▲ +38.39% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Canadian Solar in the last 3 months. The average price target is $54.00, with a high forecast of $71.00 and a low forecast of $47.00. The average price target represents a 38.39% upside from the last price of $39.02.

This chart shows the closing price for CSIQ for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 7 investment analysts is to buy stock in Canadian Solar. This rating has held steady since March 2020, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
2/1/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/1/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/30/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/28/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/26/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/26/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/25/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/25/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
7/21/2021JPMorgan Chase & Co.Boost Price TargetAverage ➝ Neutral$49.00 ➝ $51.00Medium
7/2/2021The Goldman Sachs GroupBoost Price TargetNeutral$43.00 ➝ $47.00Low
5/25/2021CitigroupLower Price TargetBuy$63.00 ➝ $58.00Low
3/23/2021CitigroupLower Price Target$71.00 ➝ $63.00Low
3/23/2021Roth CapitalBoost Price TargetBuy$50.00 ➝ $55.00Low
3/8/2021JPMorgan Chase & Co.Lower Price TargetNeutral$54.00 ➝ $46.00Low
1/20/2021JPMorgan Chase & Co.Boost Price TargetNeutral$50.00 ➝ $54.00High
1/8/2021Smith Barney CitigroupInitiated CoverageBuy$71.00Low
1/4/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral$43.00 ➝ $48.00N/A
12/9/2020JPMorgan Chase & Co.Boost Price TargetNeutral$35.00 ➝ $42.00High
11/25/2020CICC ResearchUpgradeMarket Perform ➝ Outperform$48.00High
11/20/2020OppenheimerBoost Price TargetOutperform$33.00 ➝ $48.00High
11/20/2020Roth CapitalBoost Price TargetBuy$32.00 ➝ $50.00High
11/9/2020The Goldman Sachs GroupBoost Price TargetBuy$42.00 ➝ $44.00High
10/21/2020JPMorgan Chase & Co.Boost Price TargetNeutral$30.00 ➝ $35.00High
8/7/2020OppenheimerReiterated RatingBuy$33.00High
7/29/2020JPMorgan Chase & Co.Boost Price TargetNeutral$24.00 ➝ $28.00Low
5/29/2020CfraUpgradeHold ➝ Buy$20.00 ➝ $22.00Low
5/28/2020OppenheimerReiterated RatingBuy$25.00High
1/3/2020The Goldman Sachs GroupUpgradeNeutral ➝ BuyLow
12/2/2019Roth CapitalReiterated RatingBuy$32.00High
8/16/2019Roth CapitalBoost Price TargetBuy$27.00 ➝ $32.00High
8/16/2019Cascend SecuritiesReiterated RatingBuy ➝ Buy$25.00 ➝ $30.00Low
6/21/2019JPMorgan Chase & Co.Set Price TargetHold$25.00Low
4/11/2019JPMorgan Chase & Co.Initiated CoverageNeutral$22.00Low
3/1/2019Standpoint ResearchDowngradeBuy ➝ HoldLow
2/20/2019Cascend SecuritiesUpgradeHold ➝ Buy$21.00 ➝ $27.00High
2/11/2019UBS GroupUpgradeSell ➝ Neutral$23.00Medium
1/3/2019The Goldman Sachs GroupUpgradeNeutral ➝ Buy$14.00 ➝ $19.00Low
12/18/2018Cascend SecuritiesUpgradeHold ➝ BuyMedium
11/16/2018The Goldman Sachs GroupSet Price TargetHold$14.00Low
11/15/2018Roth CapitalReiterated RatingBuyMedium
11/15/2018JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$17.00High
10/22/2018JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$15.00 ➝ $15.00High
8/23/2018B. RileyLower Price TargetNeutral ➝ Hold$18.00 ➝ $17.00Medium
8/15/2018B. RileySet Price TargetHold$18.00Low
6/7/2018JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$17.00 ➝ $15.00High
5/17/2018B. RileySet Price TargetHold$18.00Low
3/27/2018JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$17.51 ➝ $17.00High
3/20/2018OppenheimerLower Price TargetOutperform$32.00 ➝ $19.00Medium
3/20/2018B. RileyReiterated RatingHold$18.00Low
3/15/2018UBS GroupInitiated CoverageSell$15.00Medium
3/15/2018B. RileySet Price TargetNeutral$15.00 ➝ $18.00Medium
2/1/2018JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$16.00Low
1/12/2018B. RileySet Price TargetHold$15.00High
1/9/2018The Goldman Sachs GroupInitiated CoverageNeutral ➝ Neutral$19.00N/A
12/15/2017Axiom SecuritiesDowngradeBuy ➝ Hold$17.00Medium
12/12/2017JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$15.00Medium
12/11/2017CowenSet Price TargetHold$18.00Medium
12/11/2017B. RileySet Price TargetHold$15.00High
11/15/2017Axiom SecuritiesSet Price TargetBuy$18.00 ➝ $26.00N/A
11/10/2017Roth CapitalUpgradeNeutral ➝ Buy$24.00N/A
11/1/2017B. RileyReiterated RatingNeutralN/A
10/22/2017CowenReiterated RatingHold$17.00N/A
8/26/2017Axiom SecuritiesReiterated RatingBuyLow
8/21/2017BarclaysDowngradeEqual Weight ➝ Underweight$12.00 ➝ $14.00High
8/15/2017(FBRC)Reiterated RatingNeutral$13.00 ➝ $15.00Medium
8/15/2017CowenReiterated RatingMarket Perform$16.00 ➝ $17.00Medium
8/14/2017CowenSet Price TargetHold$16.00Medium
8/10/2017Axiom SecuritiesReiterated RatingBuyLow
7/22/2017Axiom SecuritiesReiterated RatingBuyLow
7/10/2017CowenSet Price TargetHold$13.00Low
6/9/2017Axiom SecuritiesReiterated RatingSellLow
6/8/2017CowenReiterated RatingHoldLow
6/7/2017CowenBoost Price TargetMarket Perform$10.00 ➝ $13.00Low
4/20/2017OppenheimerReiterated RatingOutperform$31.00Low
4/17/2017Axiom SecuritiesInitiated CoverageBuy$18.00Low
3/22/2017Roth CapitalSet Price TargetHold$12.00Medium
3/22/2017JPMorgan Chase & Co.Lower Price TargetNeutral$16.00 ➝ $14.00High
3/22/2017(FBRC)Reiterated RatingMkt Perform ➝ Mkt Perform$12.00 ➝ $13.00High
2/22/2017JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$15.36 ➝ $16.00N/A
12/21/2016GuggenheimReiterated RatingNeutralN/A
12/15/2016GuggenheimInitiated CoverageNeutralN/A
11/22/2016JMP SecuritiesReiterated RatingHoldN/A
11/22/2016Roth CapitalReiterated RatingBuy ➝ Neutral$20.00 ➝ $11.00N/A
11/22/2016(FBRC)DowngradeOutperform ➝ Market Perform$23.00 ➝ $12.00N/A
9/8/2016JMP SecuritiesInitiated CoverageMarket PerformN/A
9/6/2016Standpoint ResearchReiterated RatingBuy$18.00N/A
8/25/2016CowenInitiated CoverageOutperform$28.50N/A
8/24/2016BarclaysDowngradeOverweight ➝ Equal Weight$24.00 ➝ $14.00N/A
8/21/2016Roth CapitalSet Price TargetBuy$20.00N/A
8/19/2016Canaccord GenuitySet Price TargetBuy$29.00 ➝ $20.00N/A
8/19/2016CowenDowngradeOutperform ➝ Market Perform$20.00 ➝ $13.00N/A
8/19/2016(FBRC)Lower Price TargetOutperform$32.00 ➝ $23.00N/A
8/8/2016Roth CapitalReiterated RatingBuy$20.00N/A
8/3/2016Morgan StanleyDowngradeOverweight ➝ Underweight$24.00 ➝ $12.80N/A
(Data available from 7/25/2016 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.
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Today's Range

Now: $39.02
Low: $37.88
High: $39.59

50 Day Range

MA: $39.95
Low: $36.10
High: $47.12

52 Week Range

Now: $39.02
Low: $21.65
High: $67.39

Volume

1,155,698 shs

Average Volume

1,603,540 shs

Market Capitalization

$2.34 billion

P/E Ratio

40.65

Dividend Yield

N/A

Beta

1.41

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: CICC Research, Citigroup Inc., 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?

7 Wall Street analysts have set twelve-month price targets for Canadian Solar in the last year. Their average twelve-month price target is $54.00, suggesting a possible upside of 38.4%. Smith Barney Citigroup has the highest price target set, predicting CSIQ will reach $71.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $47.00 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 5 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.