NASDAQ:CSIQ - Canadian Solar Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

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 As of 07/23/2021 01:00 AM ET

▼ -0.66 (-1.66%)

1 month | 3 months | 12 months

Get New Canadian Solar Analyst Ratings Delivered To Your Inbox

Sign-up to receive the latest news and ratings for CSIQ and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for CSIQ

^$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.

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 Description Skip Past Price Target Consensus Chart

0 strong buy ratings
2 buy ratings
4 hold ratings
0 sell ratings

Ratings as of

2/1/2020

0 strong buy ratings
2 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

5/1/2020

0 strong buy ratings
4 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

7/30/2020

0 strong buy ratings
3 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

10/28/2020

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

Ratings as of

1/26/2021

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

Ratings as of

4/26/2021

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

Ratings as of

6/25/2021

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

Ratings as of

7/25/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
7/21/2021	JPMorgan Chase & Co.	Boost Price Target	Average ➝ Neutral	$49.00 ➝ $51.00	Medium
7/2/2021	The Goldman Sachs Group	Boost Price Target	Neutral	$43.00 ➝ $47.00	Low
5/25/2021	Citigroup	Lower Price Target	Buy	$63.00 ➝ $58.00	Low
3/23/2021	Citigroup	Lower Price Target		$71.00 ➝ $63.00	Low
3/23/2021	Roth Capital	Boost Price Target	Buy	$50.00 ➝ $55.00	Low
3/8/2021	JPMorgan Chase & Co.	Lower Price Target	Neutral	$54.00 ➝ $46.00	Low
1/20/2021	JPMorgan Chase & Co.	Boost Price Target	Neutral	$50.00 ➝ $54.00	High
1/8/2021	Smith Barney Citigroup	Initiated Coverage	Buy	$71.00	Low
1/4/2021	The Goldman Sachs Group	Downgrade	Buy ➝ Neutral	$43.00 ➝ $48.00	N/A
12/9/2020	JPMorgan Chase & Co.	Boost Price Target	Neutral	$35.00 ➝ $42.00	High
11/25/2020	CICC Research	Upgrade	Market Perform ➝ Outperform	$48.00	High
11/20/2020	Oppenheimer	Boost Price Target	Outperform	$33.00 ➝ $48.00	High
11/20/2020	Roth Capital	Boost Price Target	Buy	$32.00 ➝ $50.00	High
11/9/2020	The Goldman Sachs Group	Boost Price Target	Buy	$42.00 ➝ $44.00	High
10/21/2020	JPMorgan Chase & Co.	Boost Price Target	Neutral	$30.00 ➝ $35.00	High
8/7/2020	Oppenheimer	Reiterated Rating	Buy	$33.00	High
7/29/2020	JPMorgan Chase & Co.	Boost Price Target	Neutral	$24.00 ➝ $28.00	Low
5/29/2020	Cfra	Upgrade	Hold ➝ Buy	$20.00 ➝ $22.00	Low
5/28/2020	Oppenheimer	Reiterated Rating	Buy	$25.00	High
1/3/2020	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy		Low
12/2/2019	Roth Capital	Reiterated Rating	Buy	$32.00	High
8/16/2019	Roth Capital	Boost Price Target	Buy	$27.00 ➝ $32.00	High
8/16/2019	Cascend Securities	Reiterated Rating	Buy ➝ Buy	$25.00 ➝ $30.00	Low
6/21/2019	JPMorgan Chase & Co.	Set Price Target	Hold	$25.00	Low
4/11/2019	JPMorgan Chase & Co.	Initiated Coverage	Neutral	$22.00	Low
3/1/2019	Standpoint Research	Downgrade	Buy ➝ Hold		Low
2/20/2019	Cascend Securities	Upgrade	Hold ➝ Buy	$21.00 ➝ $27.00	High
2/11/2019	UBS Group	Upgrade	Sell ➝ Neutral	$23.00	Medium
1/3/2019	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$14.00 ➝ $19.00	Low
12/18/2018	Cascend Securities	Upgrade	Hold ➝ Buy		Medium
11/16/2018	The Goldman Sachs Group	Set Price Target	Hold	$14.00	Low
11/15/2018	Roth Capital	Reiterated Rating	Buy		Medium
11/15/2018	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Neutral	$17.00	High
10/22/2018	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$15.00 ➝ $15.00	High
8/23/2018	B. Riley	Lower Price Target	Neutral ➝ Hold	$18.00 ➝ $17.00	Medium
8/15/2018	B. Riley	Set Price Target	Hold	$18.00	Low
6/7/2018	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Neutral	$17.00 ➝ $15.00	High
5/17/2018	B. Riley	Set Price Target	Hold	$18.00	Low
3/27/2018	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$17.51 ➝ $17.00	High
3/20/2018	Oppenheimer	Lower Price Target	Outperform	$32.00 ➝ $19.00	Medium
3/20/2018	B. Riley	Reiterated Rating	Hold	$18.00	Low
3/15/2018	UBS Group	Initiated Coverage	Sell	$15.00	Medium
3/15/2018	B. Riley	Set Price Target	Neutral	$15.00 ➝ $18.00	Medium
2/1/2018	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Neutral	$16.00	Low
1/12/2018	B. Riley	Set Price Target	Hold	$15.00	High
1/9/2018	The Goldman Sachs Group	Initiated Coverage	Neutral ➝ Neutral	$19.00	N/A
12/15/2017	Axiom Securities	Downgrade	Buy ➝ Hold	$17.00	Medium
12/12/2017	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$15.00	Medium
12/11/2017	Cowen	Set Price Target	Hold	$18.00	Medium
12/11/2017	B. Riley	Set Price Target	Hold	$15.00	High
11/15/2017	Axiom Securities	Set Price Target	Buy	$18.00 ➝ $26.00	N/A
11/10/2017	Roth Capital	Upgrade	Neutral ➝ Buy	$24.00	N/A
11/1/2017	B. Riley	Reiterated Rating	Neutral		N/A
10/22/2017	Cowen	Reiterated Rating	Hold	$17.00	N/A
8/26/2017	Axiom Securities	Reiterated Rating	Buy		Low
8/21/2017	Barclays	Downgrade	Equal Weight ➝ Underweight	$12.00 ➝ $14.00	High
8/15/2017	(FBRC)	Reiterated Rating	Neutral	$13.00 ➝ $15.00	Medium
8/15/2017	Cowen	Reiterated Rating	Market Perform	$16.00 ➝ $17.00	Medium
8/14/2017	Cowen	Set Price Target	Hold	$16.00	Medium
8/10/2017	Axiom Securities	Reiterated Rating	Buy		Low
7/22/2017	Axiom Securities	Reiterated Rating	Buy		Low
7/10/2017	Cowen	Set Price Target	Hold	$13.00	Low
6/9/2017	Axiom Securities	Reiterated Rating	Sell		Low
6/8/2017	Cowen	Reiterated Rating	Hold		Low
6/7/2017	Cowen	Boost Price Target	Market Perform	$10.00 ➝ $13.00	Low
4/20/2017	Oppenheimer	Reiterated Rating	Outperform	$31.00	Low
4/17/2017	Axiom Securities	Initiated Coverage	Buy	$18.00	Low
3/22/2017	Roth Capital	Set Price Target	Hold	$12.00	Medium
3/22/2017	JPMorgan Chase & Co.	Lower Price Target	Neutral	$16.00 ➝ $14.00	High
3/22/2017	(FBRC)	Reiterated Rating	Mkt Perform ➝ Mkt Perform	$12.00 ➝ $13.00	High
2/22/2017	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$15.36 ➝ $16.00	N/A
12/21/2016	Guggenheim	Reiterated Rating	Neutral		N/A
12/15/2016	Guggenheim	Initiated Coverage	Neutral		N/A
11/22/2016	JMP Securities	Reiterated Rating	Hold		N/A
11/22/2016	Roth Capital	Reiterated Rating	Buy ➝ Neutral	$20.00 ➝ $11.00	N/A
11/22/2016	(FBRC)	Downgrade	Outperform ➝ Market Perform	$23.00 ➝ $12.00	N/A
9/8/2016	JMP Securities	Initiated Coverage	Market Perform		N/A
9/6/2016	Standpoint Research	Reiterated Rating	Buy	$18.00	N/A
8/25/2016	Cowen	Initiated Coverage	Outperform	$28.50	N/A
8/24/2016	Barclays	Downgrade	Overweight ➝ Equal Weight	$24.00 ➝ $14.00	N/A
8/21/2016	Roth Capital	Set Price Target	Buy	$20.00	N/A
8/19/2016	Canaccord Genuity	Set Price Target	Buy	$29.00 ➝ $20.00	N/A
8/19/2016	Cowen	Downgrade	Outperform ➝ Market Perform	$20.00 ➝ $13.00	N/A
8/19/2016	(FBRC)	Lower Price Target	Outperform	$32.00 ➝ $23.00	N/A
8/8/2016	Roth Capital	Reiterated Rating	Buy	$20.00	N/A
8/3/2016	Morgan Stanley	Downgrade	Overweight ➝ Underweight	$24.00 ➝ $12.80	N/A

(Data available from 7/25/2016 forward)

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.

Today's Range

Now: $39.02

$37.88

$39.59

50 Day Range

MA: $39.95

$36.10

$47.12

52 Week Range

Now: $39.02

$21.65

$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?

Other companies that are similar to Canadian Solar include First Solar, Lattice Semiconductor, Sumco, AU Optronics, BE Semiconductor Industries, Silicon Laboratories, Amkor Technology, Dialog Semiconductor, Synaptics, Power Integrations, Allegro MicroSystems, Cirrus Logic, Shoals Technologies Group, Daqo New Energy and CMC Materials.

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.