Canadian Solar stock gains 3.56 percent above its October 19 close

Published on 10/20/2026 at 21:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cuts target to USD 8.00. Canadian Solar stock is EUR 8.72 on October 20, 2026, up 3.56 percent versus Frankfurt close.

Analyst target and reporting date

Canadian Solar stock gained 3.56 percent above the Frankfurt close of October 19, 2026.
JPMorgan cut its price target from USD 9.00 to USD 8.00 on October 19, 2026.
Canadian Solar stock stood at EUR 8.72 at Lang & Schwarz on October 20, 2026 at 9:38 p.m. CEST.
Canadian Solar is scheduled to report third-quarter 2026 results on November 12, 2026.

CSIQ, CA1366351098, Illustration mit AI erstellt.

Canadian Solar stock gained 3.56 percent above the Frankfurt close of October 19, 2026, as the solar company faced a fresh JPMorgan target cut. MarketBeat reported on October 19, 2026 that JPMorgan lowered its target from USD 9.00 to USD 8.00 and maintained an Underweight rating. Canadian Solar was trading at EUR 8.72 at Lang & Schwarz on October 20, 2026 at 9:38 p.m. CEST, up 3.56 percent versus the Frankfurt close of October 19, 2026 at EUR 8.42.

JPMorgan lowers the valuation bar

The target cut gives investors a clear counterpoint to the broader analyst consensus. MarketBeat said JPMorgan's USD 8.00 target implied 16.41 percent downside from the USD 9.57 price cited in its October 19 report. The same report listed three Buy ratings, six Hold ratings and four Sell ratings, with an average target of USD 16.22.

Canadian Solar's latest reported quarter also explains the cautious tone. In the second quarter of 2026, revenue reached USD 1.21 billion, down 28.7 percent from the same quarter a year earlier, while gross margin fell to 13.9 percent from 29.8 percent. The company reported a net loss attributable to shareholders of USD 77.00 million, or USD 1.40 per diluted share. Yahoo Finance published the August 27, 2026 earnings-call transcript, which attributed pressure to freight costs, factory ramp-up expenses and a USD 24.00 million impairment charge.

Stock stays near its yearly low

Canadian Solar's USD 9.80 Nasdaq price at 3:43 p.m. ET on October 20, 2026 sat only USD 0.50 above its 52-week low of USD 9.30 and USD 24.79 below its high of USD 34.59. Its market capitalization was USD 665.2 million, while trading volume stood at 951,067 shares.

Results date sets the next checkpoint

MarketBeat lists November 12, 2026 as the expected release date for third-quarter 2026 results, before the market opens, with a conference call scheduled for 8:00 a.m. ET. Its consensus calls for revenue of USD 1.38 billion and adjusted earnings per share of minus USD 0.6861, compared with revenue of USD 1.49 billion and a loss of USD 0.58 per share in the third quarter of 2025.

Comparison with peers

Canadian Solar: up 3.56 percent in Frankfurt, price-to-earnings ratio minus 3.56, market capitalization USD 665.2 million.

First Solar (Nasdaq, USD): up 1.69 percent, price-to-earnings ratio 10.77, market capitalization USD 18.8 billion.

Enphase Energy (Nasdaq, USD): up 4.25 percent, price-to-earnings ratio 31.91, market capitalization USD 4.2 billion.

What the next report must show

The key issue is whether higher storage and module volumes can offset margin pressure. Canadian Solar's investor-relations profile said its e-STORAGE business had a contracted backlog of USD 3.5 billion as of June 30, 2026, while the company had delivered nearly 180 GW of solar modules over its history. The November report will put that backlog alongside the third-quarter revenue range and the USD 8.00 JPMorgan target.

Canadian Solar stock was trading at EUR 8.72 at Lang & Schwarz on October 20, 2026 at 9:38 p.m. CEST, up 3.56 percent versus the Frankfurt close of October 19, 2026 at EUR 8.42. The further course of trading is shown by the continuously updated real-time quote of Canadian Solar stock.