CSIQ Should I Buy
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Canadian Solar Inc (CSIQ) is not a strong buy at the moment for a beginner investor with a long-term strategy. The stock has shown significant volatility recently, and while there are positive developments, such as the U.S. expansion and battery energy storage projects, the financial performance and mixed analyst ratings suggest caution. The lack of recent trading signals and the technical indicators do not support a strong entry point at this time.
The MACD is positive but contracting, indicating weakening momentum. RSI is neutral at 43, and moving averages are converging, showing no clear trend. The stock is trading near its support level of 18.926, with resistance at 21.883. The overall technical setup suggests a neutral to slightly bearish sentiment.
Launch of the first grid-connected battery energy storage system in Japan.
Plans for U.S. expansion with new joint ventures and a $350 million loan.
Winning a patent dispute, strengthening its market position.
Positive sentiment from UBS and Daiwa analysts with higher price targets.
Revenue, net income, and EPS have declined significantly YoY in Q3
Mizuho's downgrade citing overvaluation and policy risks related to U.S. Foreign Entity of Concern compliance.
Stock has rallied significantly in recent months, raising concerns of overextension.
In Q3 2025, revenue dropped by -1.34% YoY, net income declined by -164.07% YoY, and EPS fell by -161.90% YoY. Gross margin improved to 17.23%, up 5.00% YoY, but overall financial performance remains weak.
Analyst ratings are mixed. UBS and Daiwa are optimistic, citing growth potential in the U.S. market and Chinese policy support, with price targets of $37 and $30, respectively. However, Mizuho downgraded the stock to Underperform, citing overvaluation and policy risks, with a price target of $21. Roth Capital remains neutral, highlighting policy risks despite a bullish battery outlook.
