Analyst Expectations For Canadian Solar's Future

Across the recent three months, 5 analysts have shared their insights on Canadian Solar CSIQ, expressing a variety of opinions spanning from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Analysts have recently evaluated Canadian Solar and provided 12-month price targets. The average target is $26.2, accompanied by a high estimate of $35.00 and a low estimate of $23.00. Observing a downward trend, the current average is 9.66% lower than the prior average price target of $29.00.

Deciphering Analyst Ratings: An In-Depth Analysis

The standing of Canadian Solar among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Canadian Solar. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Canadian Solar compared to the broader market.
• Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Canadian Solar's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Canadian Solar's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

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About Canadian Solar

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing, and manufacturing solar ingots, wafers, cells, modules, and other solar power products. It operates through two business segments CSI Solar and Recurrent Energy segment. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. Its Recurrent segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets.

Breaking Down Canadian Solar's Financial Performance

Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Challenges: Canadian Solar's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -21.88%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Canadian Solar's net margin excels beyond industry benchmarks, reaching 0.93%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Canadian Solar's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.49%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Canadian Solar's ROA stands out, surpassing industry averages. With an impressive ROA of 0.1%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: Canadian Solar's debt-to-equity ratio surpasses industry norms, standing at 2.05. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

What Are Analyst Ratings?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.