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: $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 As of 05/17/2021 01:00 AM ET

▼ -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

Ratings as of

11/24/2019

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

Ratings as of

2/22/2020

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

Ratings as of

5/22/2020

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

Ratings as of

8/20/2020

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

Ratings as of

11/18/2020

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

Ratings as of

2/16/2021

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

Ratings as of

4/17/2021

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

Ratings as of

5/17/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
3/23/2021	Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell	Lower Price Target		$71.00 ➝ $63.00	Medium	i
3/23/2021	Citigroup	Lower Price Target		$71.00 ➝ $63.00	Low	i
3/23/2021	Roth Capital	Boost Price Target	Buy	$50.00 ➝ $55.00	Low	i
3/8/2021	JPMorgan Chase & Co.	Lower Price Target	Neutral	$54.00 ➝ $46.00	Low	i
1/20/2021	JPMorgan Chase & Co.	Boost Price Target	Neutral	$50.00 ➝ $54.00	High	i
1/8/2021	Smith Barney Citigroup	Initiated Coverage	Buy	$71.00	Low	i
1/8/2021	Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell	Initiated Coverage	Buy	$71.00	High	i
1/4/2021	The Goldman Sachs Group	Downgrade	Buy ➝ Neutral	$43.00 ➝ $48.00	N/A	i
12/9/2020	JPMorgan Chase & Co.	Boost Price Target	Neutral	$35.00 ➝ $42.00	High	i
11/25/2020	CICC Research	Upgrade	Market Perform ➝ Outperform	$48.00	High	i
11/20/2020	Oppenheimer	Boost Price Target	Outperform	$33.00 ➝ $48.00	High	i Rating by Colin Rusch at Oppenheimer Holdings Inc.
11/20/2020	Roth Capital	Boost Price Target	Buy	$32.00 ➝ $50.00	High	i
11/9/2020	The Goldman Sachs Group	Boost Price Target	Buy	$42.00 ➝ $44.00	High	i
10/21/2020	JPMorgan Chase & Co.	Boost Price Target	Neutral	$30.00 ➝ $35.00	High	i
8/7/2020	Oppenheimer	Reiterated Rating	Buy	$33.00	High	i Rating by Colin Rusch at Oppenheimer Holdings Inc.
7/29/2020	JPMorgan Chase & Co.	Boost Price Target	Neutral	$24.00 ➝ $28.00	Low	i
5/29/2020	Cfra	Upgrade	Hold ➝ Buy	$20.00 ➝ $22.00	Low	i
5/28/2020	Oppenheimer	Reiterated Rating	Buy	$25.00	High	i
1/3/2020	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy		Low	i
12/2/2019	Roth Capital	Reiterated Rating	Buy	$32.00	High	i Rating by P. Shen at Roth Capital
8/16/2019	Roth Capital	Boost Price Target	Buy	$27.00 ➝ $32.00	High	i
8/16/2019	Cascend Securities	Reiterated Rating	Buy ➝ Buy	$25.00 ➝ $30.00	Low	i
6/21/2019	JPMorgan Chase & Co.	Set Price Target	Hold	$25.00	Low	i Rating by Mark Strouse at JPMorgan Chase & Co.
4/11/2019	JPMorgan Chase & Co.	Initiated Coverage	Neutral	$22.00	Low	i Rating by Paul Coster at JPMorgan Chase & Co.
3/1/2019	Standpoint Research	Downgrade	Buy ➝ Hold		Low	i
2/20/2019	Cascend Securities	Upgrade	Hold ➝ Buy	$21.00 ➝ $27.00	High	i
2/11/2019	UBS Group	Upgrade	Sell ➝ Neutral	$23.00	Medium	i
1/3/2019	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$14.00 ➝ $19.00	Low	i Rating by Brian K. Lee at The Goldman Sachs Group, Inc.
12/18/2018	Cascend Securities	Upgrade	Hold ➝ Buy		Medium	i
11/16/2018	The Goldman Sachs Group	Set Price Target	Hold	$14.00	Low	i Rating by Brian K. Lee at The Goldman Sachs Group, Inc.
11/15/2018	Roth Capital	Reiterated Rating	Buy		Medium	i Rating by P. Shen at Roth Capital
11/15/2018	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Neutral	$17.00	High	i Rating by Paul Coster at JPMorgan Chase & Co.
10/22/2018	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$15.00 ➝ $15.00	High	i Rating by Paul Coster at JPMorgan Chase & Co.
8/23/2018	B. Riley	Lower Price Target	Neutral ➝ Hold	$18.00 ➝ $17.00	Medium	i Rating by Carter Driscoll at B. Riley
8/15/2018	B. Riley	Set Price Target	Hold	$18.00	Low	i Rating by Carter Driscoll at B. Riley
6/7/2018	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Neutral	$17.00 ➝ $15.00	High	i Rating by Paul Coster at JPMorgan Chase & Co.
5/17/2018	B. Riley	Set Price Target	Hold	$18.00	Low	i Rating by Carter Driscoll at B. Riley
3/27/2018	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$17.51 ➝ $17.00	High	i Rating by Paul Coster at JPMorgan Chase & Co.
3/20/2018	Oppenheimer	Lower Price Target	Outperform	$32.00 ➝ $19.00	Medium	i
3/20/2018	B. Riley	Reiterated Rating	Hold	$18.00	Low	i Rating by Carter Driscoll at B. Riley
3/15/2018	UBS Group	Initiated Coverage	Sell	$15.00	Medium	i
3/15/2018	B. Riley	Set Price Target	Neutral	$15.00 ➝ $18.00	Medium	i Rating by Carter Driscoll at B. Riley
2/1/2018	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Neutral	$16.00	Low	i Rating by Paul Coster at JPMorgan Chase & Co.
1/12/2018	B. Riley	Set Price Target	Hold	$15.00	High	i Rating by Carter Driscoll at B. Riley
1/9/2018	The Goldman Sachs Group	Initiated Coverage	Neutral ➝ Neutral	$19.00	N/A	i
12/15/2017	Axiom Securities	Downgrade	Buy ➝ Hold	$17.00	Medium	i Rating by Gordon Johnson at Axiom Securities
12/12/2017	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$15.00	Medium	i
12/11/2017	Cowen	Set Price Target	Hold	$18.00	Medium	i Rating by Jeff Osborne at Cowen Inc
12/11/2017	B. Riley	Set Price Target	Hold	$15.00	High	i Rating by Carter Driscoll at B. Riley
11/15/2017	Axiom Securities	Set Price Target	Buy	$18.00 ➝ $26.00	N/A	i Rating by Gordon Johnson at Axiom Securities
11/10/2017	Roth Capital	Upgrade	Neutral ➝ Buy	$24.00	N/A	i Rating by P. Shen at Roth Capital
11/1/2017	B. Riley	Reiterated Rating	Neutral		N/A	i Rating by C. Driscoll at B. Riley
10/22/2017	Cowen	Reiterated Rating	Hold	$17.00	N/A	i Rating by Jeff Osborne at Cowen Inc
8/26/2017	Axiom Securities	Reiterated Rating	Buy		Low	i Rating by Gordon Johnson at Axiom Securities
8/21/2017	Barclays	Downgrade	Equal Weight ➝ Underweight	$12.00 ➝ $14.00	High	i Rating by Jon Windham at Barclays PLC
8/15/2017	(FBRC)	Reiterated Rating	Neutral	$13.00 ➝ $15.00	Medium	i Rating by Carter Driscoll at (FBRC)
8/15/2017	Cowen	Reiterated Rating	Market Perform	$16.00 ➝ $17.00	Medium	i Rating by Jeff Osborne at Cowen Inc
8/14/2017	Cowen	Set Price Target	Hold	$16.00	Medium	i Rating by Jeff Osborne at Cowen Inc
8/10/2017	Axiom Securities	Reiterated Rating	Buy		Low	i Rating by Gordon Johnson at Axiom Securities
7/22/2017	Axiom Securities	Reiterated Rating	Buy		Low	i Rating by Gordon Johnson at Axiom Securities
7/10/2017	Cowen	Set Price Target	Hold	$13.00	Low	i Rating by Jeff Osborne at Cowen Inc
6/9/2017	Axiom Securities	Reiterated Rating	Sell		Low	i Rating by Gordon Johnson at Axiom Securities
6/8/2017	Cowen	Reiterated Rating	Hold		Low	i Rating by Jeff Osborne at Cowen Inc
6/7/2017	Cowen	Boost Price Target	Market Perform	$10.00 ➝ $13.00	Low	i
4/20/2017	Oppenheimer	Reiterated Rating	Outperform	$31.00	Low	i
4/17/2017	Axiom Securities	Initiated Coverage	Buy	$18.00	Low	i
3/22/2017	Roth Capital	Set Price Target	Hold	$12.00	Medium	i Rating by Philip Shen at Roth Capital
3/22/2017	JPMorgan Chase & Co.	Lower Price Target	Neutral	$16.00 ➝ $14.00	High	i
3/22/2017	(FBRC)	Reiterated Rating	Mkt Perform ➝ Mkt Perform	$12.00 ➝ $13.00	High	i Rating by C. Driscoll at (FBRC)
2/22/2017	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$15.36 ➝ $16.00	N/A	i
12/21/2016	Guggenheim	Reiterated Rating	Neutral		N/A	i
12/15/2016	Guggenheim	Initiated Coverage	Neutral		N/A	i
11/22/2016	JMP Securities	Reiterated Rating	Hold		N/A	i Rating by Joseph Osha at JMP Securities
11/22/2016	Roth Capital	Reiterated Rating	Buy ➝ Neutral	$20.00 ➝ $11.00	N/A	i Rating by philip shen at Roth Capital
11/22/2016	(FBRC)	Downgrade	Outperform ➝ Market Perform	$23.00 ➝ $12.00	N/A	i Rating by carter driscoll at (FBRC)
9/8/2016	JMP Securities	Initiated Coverage	Market Perform		N/A	i
9/6/2016	Standpoint Research	Reiterated Rating	Buy	$18.00	N/A	i
8/25/2016	Cowen	Initiated Coverage	Outperform	$28.50	N/A	i Rating by jeff osborne at Cowen Inc
8/24/2016	Barclays	Downgrade	Overweight ➝ Equal Weight	$24.00 ➝ $14.00	N/A	i Rating by Jon Windham at Barclays PLC
8/21/2016	Roth Capital	Set Price Target	Buy	$20.00	N/A	i Rating by philip shen at Roth Capital
8/19/2016	Canaccord Genuity	Set Price Target	Buy	$29.00 ➝ $20.00	N/A	i Rating by jonathan dorsheimer at Canaccord Genuity
8/19/2016	Cowen	Downgrade	Outperform ➝ Market Perform	$20.00 ➝ $13.00	N/A	i
8/19/2016	(FBRC)	Lower Price Target	Outperform	$32.00 ➝ $23.00	N/A	i Rating by Carter Driscoll at (FBRC)
8/8/2016	Roth Capital	Reiterated Rating	Buy	$20.00	N/A	i Rating by Philip Shen at Roth Capital
8/3/2016	Morgan Stanley	Downgrade	Overweight ➝ Underweight	$24.00 ➝ $12.80	N/A	i
6/29/2016	Canaccord Genuity	Reiterated Rating	Buy	$29.00	N/A	i Rating by Jonathan Dorsheimer at Canaccord Genuity
6/27/2016	(FBRC)	Reiterated Rating	Buy	$32.00	N/A	i Rating by Sahar Wolff at (FBRC)

(Data available from 5/18/2016 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: $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?

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

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.