Canadian Solar Mixed Q2 Results Prompt Roth Capital Price Target Cut

Key Facts

1Canadian Solar reported a Q2 loss of $1.40 per share, wider than the estimated loss of $1.01.

2Company revenues reached $1.21 billion, beating estimates despite a 28.7% year-over-year decrease.

3Roth Capital lowered its price target for the stock to $15 from $18.

Amid shifting dynamics in the global renewable energy sector, Canadian Solar reported mixed financial results for the second quarter of 2026. According to reports, the company posted a loss of $1.40 per share, wider than the analyst estimate of a $1.01 loss. Despite the bottom-line miss, revenues reached $1.21 billion, beating expectations even as they fell 28.7% year-over-year compared to the $1.69 billion reported in the same period last year.

The company's operational performance highlights a significant transition, as gross margins contracted to 13.9% from 29.8% a year ago due to declining solar module shipments. Conversely, the battery storage segment showed strength, with shipments surging 73% to 3.7 GWh. Following these results, Roth Capital lowered its price target for CSIQ to $15 from $18, citing a third-quarter revenue outlook of $1.30 billion to $1.50 billion, which falls below previous market expectations.

Investors should monitor Canadian Solar (CSIQ) closely following this mixed report, noting that authoritative price data for the August 28, 2026 close is currently unavailable. With no major company-specific catalysts listed in the upcoming economic calendar for the next seven days, market attention will likely remain on the company's ability to stabilize margins and execute on its battery storage growth strategy despite a weak Q3 guidance.