Canadian Solar’s CSI Solar Subsidiary Warns of 51%–60% Profit Drop for 2025 Amid PV Downturn
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Canadian Solar ( (CSIQ) ) has shared an update.
On January 30–31, 2026, Canadian Solar disclosed that its subsidiary CSI Solar has issued a 2025 full-year earnings forecast indicating a sharp decline in profitability amid a prolonged downturn in the photovoltaic sector. CSI Solar expects 2025 net profit attributable to shareholders to fall to between RMB 900 million and RMB 1.1 billion, down 51%–60% from 2024 levels, with similar declines after excluding non-recurring items, as the industry grapples with a persistent supply-demand imbalance, lower utilization rates, trade protectionism and higher input costs such as polysilicon and silver paste. While the guidance underscores margin pressure and cyclical weakness for both CSI Solar and, by extension, Canadian Solar’s consolidated results, the company highlights that its energy storage business, focus on high-value markets and long-term strategic customers, and continued investment in R&D and differentiated technologies are helping to support profitability and strengthen its positioning in energy storage and downstream value-chain opportunities; the figures are preliminary, unaudited and subject to change when 2025 audited results are released.
The most recent analyst rating on (CSIQ) stock is a Sell with a $20.00 price target. To see the full list of analyst forecasts on Canadian Solar stock, see the CSIQ Stock Forecast page.
Spark’s Take on CSIQ Stock
According to Spark, TipRanks’ AI Analyst, CSIQ is a Neutral.
The score is held back primarily by weak financial performance (sharp revenue decline, high leverage, and negative operating/free cash flow). Technicals also remain bearish with the stock below key moving averages and negative MACD. Offsetting these, the latest earnings call showed strength in energy storage and solid revenue execution, but cash burn, rising debt, and litigation risk keep the overall profile cautious.
To see Spark’s full report on CSIQ stock, click here.
More about Canadian Solar
Canadian Solar Inc., through its majority-owned subsidiary CSI Solar Co., Ltd., operates in the global photovoltaic and energy storage industry, supplying solar modules and integrated battery storage solutions. CSI Solar, listed on the Shanghai Stock Exchange’s Sci-Tech Innovation Board and 64% owned by Canadian Solar, focuses on high-value solar and storage markets worldwide, leveraging its global brand, supply chain and downstream project pipeline to grow market share, particularly in energy storage and select strategic regions.
Average Trading Volume: 5,409,059
Technical Sentiment Signal: Buy
Current Market Cap: $1.46B
For detailed information about CSIQ stock, go to TipRanks’ Stock Analysis page.
