Canadian Solar Inc (CSIQ) Price

The P/E ratio of Canadian Solar Inc is 20.5091

Dr. Xiaohua Qu is the Chairman of the Board of Canadian Solar Inc, joining the firm since 2001.

The current price of CSIQ is 11.77, it has decreased 0.08% in the last trading day.

Canadian Solar Inc belongs to Semiconductors industry and the sector is Information Technology

Canadian Solar Inc's current market cap is $788.2

According to wall street analysts, 13 analysts have made analyst ratings for Canadian Solar Inc, including 4 strong buy, 5 buy, 5 hold, 3 sell, and 4 strong sell

Looks like Canadian Solar (CSIQ) is catching a small bid today, up about 1%, likely riding the coattails of some solid news from last week. It's not a rocket ship yet, but it's a technical bounce reacting to positive fundamental developments.

The stock is seeing a modest relief rally today, but let's break down the actual signals to see if it has legs or if you're about to be someone's exit liquidity.

• The "Good News" Catalyst: The main driver appears to be the announcement from four days ago that S&P Global Commodity Insights named Canadian Solar a Tier 1 supplier for both its PV modules and its Battery Energy Storage Systems (BESS) [^1^][^7^][^11^]. In an industry where credibility is key, this is a significant stamp of approval that reinforces its market leadership. This adds to other recent news, like the launch of a new modular battery system, which will be available in 2026 [^15^].

• Technical Bounce:

  • Price Action: As of today, CSIQ is trading around $10.89, up 1.02% [^0^]. It's currently testing the lower end of its recent range, having found support above the $10.74 low for the day [^0^].
  • Hourly Indicators: On the hourly chart, we're seeing a potential short-term reversal. The MACD line has just crossed above the signal line, and the histogram has turned positive, which is a classic bullish signal for momentum traders [^0^]. The RSI is at a neutral but rising 57.72, suggesting buying pressure is starting to build [^0^].
  • Key Levels: The price is currently sandwiched between a daily support level at $10.22 and the next major resistance at $12.03 [^0^]. The intraday high of $11.22 is the first hurdle to watch.

• What the Suits Think (Analyst Sentiment):

  • Wall Street analysts are cautiously optimistic. The mean price target sits around $12.85, suggesting potential upside from the current price [^0^].
  • Recommendations are mixed, with the consensus leaning towards a "Buy" or "Hold" [^0^][^5^]. This indicates that while the long-term story is intact, there isn't a screaming buy signal across the board just yet. No recent insider buying or selling has been reported [^0^].

The move today is a textbook reaction to positive news after a period of weak performance. The key is whether it can break and hold above the immediate resistance. Don't get too excited and ape in; watch the volume and see if it can clear that $11.22 level first.