UBS cuts target to USD 16.00 for Canadian Solar stock, still a Buy
Published on 10/17/2026 at 21:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and reporting date
- UBS lowered Canadian Solar's target to USD 16.00 on October 14, 2026.
- Canadian Solar is estimated to report third-quarter results on November 12, 2026.
- Canadian Solar stock last stood at EUR 9.31 in Frankfurt on October 16, 2026.
- Canadian Solar's market capitalization was USD 666.1 million on October 16, 2026.
UBS lowered its Canadian Solar price target from USD 25.00 to USD 16.00 on October 14, 2026, according to Investing.com. The target is 63.10 percent above the USD 9.81 Nasdaq price on October 16, 2026. Canadian Solar (ISIN CA1366351098) last stood at EUR 9.31 in Frankfurt on October 16, 2026.
November 12 sets the next marker
Canadian Solar is estimated to report third-quarter 2026 results on November 12, 2026, before the market opens, with an 8:00 a.m. ET conference call, according to MarketBeat. The same page lists consensus revenue of USD 1.38 billion and consensus earnings per share of minus USD 0.6861 for that quarter.
Price position after October 16
Canadian Solar's Nasdaq price was USD 9.81 on October 16, 2026, down 7.19 percent from USD 10.57. The 52-week range was USD 9.76 to USD 34.59, putting the closing price 0.51 percent above the low. Trading volume reached 2,653,453 shares against an average of 1,873,556.
Canadian Solar reported second-quarter 2026 revenue of USD 1.21 billion and a net loss of USD 85.8 million. Gross margin was 14 percent for the quarter, while operating cash flow was negative USD 180.8 million. The figures show why the UBS target revision and the November reporting date matter more than the headline valuation alone.
Valuation and November 12
Canadian Solar had a market capitalization of USD 666.1 million on October 16, 2026, and a negative price-to-earnings ratio of 3.57. The company says its e-STORAGE business had a contracted backlog of USD 3.5 billion as of June 30, 2026, while its project development pipeline included 22 GWp of solar capacity and 84 GWh of battery storage capacity, according to Canadian Solar.
Comparison with peers
Canadian Solar: minus 7.19 percent, P/E minus 3.57, market capitalization USD 666.1 million
Enphase Energy (Nasdaq, USD): minus 0.65 percent, P/E 30.62, market capitalization USD 4.0 billion
First Solar (Nasdaq, USD): minus 3.45 percent, P/E 10.64, market capitalization USD 18.6 billion
Frankfurt closing price
Canadian Solar last stood at EUR 9.31 at the Frankfurt close on October 16, 2026. The next scheduled reporting date is November 12, 2026.
The further course of trading is shown by the continuously updated real-time quote of Canadian Solar stock.
Canadian Solar stock facts
- Company: Canadian Solar Inc.
- ISIN: CA1366351098
- Ticker: CSIQ
- Primary exchange: Nasdaq
- Last Frankfurt price (as of October 16, 2026): EUR 9.31
- Market capitalization: USD 666.1 million (as of October 16, 2026)
- 52-week range: USD 9.76-34.59 (as of October 16, 2026)
- Sector / Industry: Information technology / solar technology and renewable energy
- Next earnings date: November 12, 2026
Market context: Market report Nasdaq Composite.
