Canadian Solar slides after Mizuho cuts PT on muted outlook

Canadian Solar

23/03/2026 15:00

** Shares of Canadian Solar CSIQ.O down 6.8% to $13.29 after Mizuho cuts PT following Q1 muted outlook and lower international volumes

** Brokerage cuts PT from $19 to $15, which is still a 5.1% upside to the stock's last close

** The company has been talking about a challenging environment for solar for a while now, driven by fierce competition in China, and continues to prioritize markets with better pricing and margins, Mizuho says

** However, there is a silver lining - the company is working through major overhangs on the stock for its US operations, brokerage adds

** Three of 12 analysts rate stock "strong buy" or "buy", five "hold" and four "sell" or "strong sell"; their median PT is $17- data compiled by LSEG

** Including session's move, CSIQ down 43.9% YTD

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))