Canadian Solar Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Canadian Solar Inc. CSIQ will release its first-quarter financial results, before the opening bell, on Tuesday, March 25.

Analysts expect the Guelph, Canada-based company to report quarterly earnings at 11 cents per share, versus a year-ago loss of 2 cents per share. Canadian Solar projects quarterly revenue of $1.57 billion, compared to $1.7 billion a year earlier, according to data from Benzinga Pro.

On March 6, Canadian Solar said it secured Battery Supply Agreements and Long-Term Service Agreements for two major battery energy storage projects in the United States, developed by Aypa Power.

Canadian Solar shares fell 1.9% to close at $9.96 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wells Fargo analyst Michael Blum maintained an Equal-Weight rating and cut the price target from $13 to $10 on Jan. 8, 2025. This analyst has an accuracy rate of 68%.
• GLJ Research analyst Gordon Johnson maintained a Sell rating and raised the price target from $9.1 to $12.28 on July 30, 2024. This analyst has an accuracy rate of 65%.
• UBS analyst Jon Windham maintained a Buy rating and cut the price target from $38 to $35 on June 12, 2024. This analyst has an accuracy rate of 60%.

• Edge Stock Ratings: 12.68 Momentum score with Value at 85.28.

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