Canadian Solar Inc. (CSIQ) Stock Price & Analysis
Canadian Solar Inc. (CSIQ) closed at USD 9.22 on Thursday, October 22, 2026, down 6.21% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 9.83; the Oct 22, 2026 session ranged USD 9.05–9.8 on volume of 2,161,367 shares. Market capitalization is $626.01M, with a 52-week range of USD 9.05–34.59 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:37 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CSIQ.md
Key facts (CSIQ)
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $63K; 2 not under a Rule 10b5-1 plan ($63K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.83 on a 1–5 scale) (12 analysts), mean target USD 16.93 (range 8–30).
- Total return with dividends: 1Y -34.8% vs S&P 500 +14.9%; 5Y -75.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD -0.87, revenue estimate $1.38B.
Insider sales (SEC Form 4, open-market, last ~7 months) (CSIQ)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-26 | Chang Leslie Li Hsien | Director | 1,767 | $34K | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-19 | Wong Andrew Luen Cheung | Director | 1,752 | $29K | 100% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (CSIQ)
Consensus Hold (mean 2.83 on a 1–5 scale), 12 analysts; mean target USD 16.93 (low 8, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | JP Morgan | Target lowered | Underweight | $9 → $8 |
| 2026-10-14 | UBS | Target lowered | Buy | $25 → $16 |
| 2026-08-31 | Wells Fargo | Target lowered | Equal-Weight | $18 → $17 |
| 2026-08-28 | Mizuho | Target lowered | Neutral | $18 → $17 |
| 2026-08-27 | GLJ Research | Reiterated | Sell | $5.58 |
| 2026-07-22 | Citigroup | Upgrade | Sell → Neutral | $11 → $18 |
Total return (dividends reinvested) (CSIQ)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -34.8% | -75.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -34.9% | -24.4% |
| Volatility (annualized) | 92.0% | 68.8% |
| Max drawdown | -72.5% (Nov 2025→Oct 2026) | -83.3% (Aug 2022→Apr 2025) |
CSIQ suppliers, customers and competitors (named in its 20-F)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Business | “In addition, to maintain the highest ethical standards in the way we conduct our business, we have implemented the following: Corporate Governance Guidelines, Code of Business Conduct and Ethics, Whistleblower Policy, Insider Trading Policy, Clawback Policy, Antitrust Policy, Policy on Related-Party Transactions, Prohibition Against Giving Bribes, and Prohibition Against Accepting Bribes.” |
| Customer | Recurrent Energy | “Business Overview—Sales, Marketing and Customers—Recurrent Energy" for a description of our solar power and battery energy storage pipelines.” |
| Customer | CS PowerTech | “Our business is organized into two segments: (i) Manufacturing, comprising CS PowerTech, which focuses on manufacturing and sales of solar products and battery energy storage products, and other power technology products for the U.S. market, and CSI Solar, which serves all other global markets; and (ii) Recurrent Energy, which focuses on solar power and battery energy storage project development, asset sales, powe…” |
| Customer | CSI Solar | “Our business is organized into two segments: (i) Manufacturing, comprising CS PowerTech, which focuses on manufacturing and sales of solar products and battery energy storage products, and other power technology products for the U.S. market, and CSI Solar, which serves all other global markets; and (ii) Recurrent Energy, which focuses on solar power and battery energy storage project development, asset sales, powe…” |
| Partner | BlackRock, Inc. (BLK) | “In January 2024, Canadian Solar Energy Group B.V. and Recurrent Energy B.V., our subsidiaries, entered into a purchase and sale agreement with GRP IV UK Holdco Limited ("GRP IV"), which is managed by BlackRock, Inc.'s climate infrastructure business ("BlackRock") to issue Series A preferred shares of Recurrent Energy B.V. ("Series A Preferred Shares") to GRP IV.” |
| Competitor | Tesla (TSLA) | “We face intense competition from a large number of module competitors, such as First Solar, Inc., LONGi Green Energy Technology Co. Ltd., Trina Solar Limited, JinkoSolar Holding Co., Limited, JA Solar Co., Limited and Tongwei Solar Co., Ltd., and battery energy storage companies such as Tesla, Inc., Fluence Energy, Inc. and Sungrow Power Supply Co., Ltd. Some module competitors are developing or are currently prod…” |
Quoted from the company's 20-F filed Apr 10, 2026.
CSIQ analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.87 | $-0.48 | +80.3% | $1.38B | 1 |
| Next quarter (ends Dec 2026) | $-0.31 | $-0.17 | +79.0% | $1.74B | 1 |
| Current fiscal year (ends Dec 2026) | $-2.78 | $-2.48 | +12.3% | $5.40B | 1 |
| Next fiscal year (ends Dec 2027) | $-0.09 | $-0.44 | -79.5% | $6.83B | 1 |
Key Statistics (as of October 23, 2026 at 10:37 UTC)
| Price | USD 9.22 |
|---|---|
| Change | ▼ 6.21% (down) |
| Previous Close | USD 9.83 |
| Open | USD 9.53 |
| Day Range | USD 9.05 – 9.8 |
| 52-Week Range | USD 9.05 – 34.59 |
| Volume | 2,161,367 shares |
| Market Cap | $626.01M |
| Exchange | NMS |
Technical Analysis (CSIQ)
Nexqual's technical model rates CSIQ "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:37 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 30.17 (neutral) |
| vs SMA50 | Below (USD 12.26) |
| MACD | -0.73 (negative) |
Analyst Ratings (CSIQ)
Wall Street analysts rate CSIQ "Hold" based on 12 analysts, with a mean price target of USD 16.93 (range USD 8–30), per Nexqual as of October 23, 2026 at 10:37 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 16.93 |
| High Target | USD 30 |
| Low Target | USD 8 |
| Buy / Hold / Sell | 4 / 6 / 2 |
Earnings (CSIQ)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD -0.87 |
| Revenue Estimate | $1.38B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1.01 vs est -1.23 ▲ beat |
| 2026-03-31 | USD -1.84 vs est -0.78 ▼ miss |
| 2025-09-30 | USD -0.58 vs est -0.76 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financials & Fundamentals (CSIQ)
| Total Revenue | $4.99B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -28.70% |
| Gross Margin | +17.64% |
| Operating Margin | -5.88% |
| Profit Margin | -3.73% |
| ROE | -5.97% |
| Debt / Equity | 1.72 |
| Current Ratio | 1.03 |
| Total Cash | $1.46B |
| Total Debt | $7.31B |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financial Health Score (CSIQ)
Nexqual rates Canadian Solar Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 10:37 UTC.
| Growth | Weak — Revenue -7% YoY (annual), declining |
|---|---|
| Profitability | Weak — Gross margin 18%, operating -6% (last 12 months) |
| Balance Sheet | Weak — $1.46B cash vs $7.31B debt |
| Cash Flow | Weak — Operating cash flow -$567M (TTM) |
| Efficiency | Critical — ROE -6%, ROA 0.4% |
Ownership (CSIQ)
| Insider Ownership | +29.79% |
|---|---|
| Institutional Ownership | +63.57% |
| Shares Outstanding | 67.90M |
| Float | 43.61M |
| Short % of Float | +37.02% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Leadership (CSIQ)
Canadian Solar Inc. is led by Colin Parkin, CEO & Director, per Nexqual as of October 23, 2026 at 10:37 UTC.
| CEO & Director | Colin Parkin |
|---|---|
| Founder, Executive Chairman & CTO | Xiaohua Qu |
| Senior VP & CFO | Xinbo Zhu |
| Managing Director of Investor Relations | Ed Job CFA, M.Sc. |
Major Backers & Investors (CSIQ)
Notable institutional backers of Canadian Solar Inc. include Mackenzie Financial Corporation, Shaw D.E. & Co., Inc., Invesco, according to Nexqual as of October 23, 2026 at 10:37 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Mackenzie Financial Corporation | 6.81% |
| Shaw D.E. & Co., Inc. | 5.64% |
| Invesco | 4.07% |
| Polunin Capital Partners Ltd | 3.07% |
| Morgan Stanley | 1.97% |
| Two Sigma Investments, LP | 1.78% |
| Shah Capital Management | 1.34% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.83% |
| Legal & General Group PLC | 3.92% |
| State Street | 2.26% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ARRY | Array Technologies, Inc. | USD 3.3 | ▼ 3.23% |
| JKS | JinkoSolar Holding Company Limi | USD 8.14 | ▲ 0.12% |
| SHLS | Shoals Technologies Group, Inc. | USD 7.73 | ▼ 2.83% |
| RUN | Sunrun Inc. | USD 7.7 | ▲ 1.05% |
| SEDG | SolarEdge Technologies, Inc. | USD 32.94 | ▼ 0.75% |
| ENPH | Enphase Energy, Inc. | USD 31.35 | ▼ 2% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:37 UTC. This page is informational and not investment advice.
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