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An update from Canadian Solar ( (CSIQ) ) is now available.
On January 9, 2026, Canadian Solar priced a private offering of US$200 million aggregate principal amount of convertible senior notes due 2031 to qualified institutional buyers under Rule 144A, with an option for initial purchasers to buy up to an additional US$30 million, and expects to close the transaction around January 13, 2026, subject to customary conditions. The company plans to use the roughly US$194.6 million in estimated net proceeds to fund U.S. manufacturing investments and expand its battery energy storage and solar value chain, as well as for working capital and general corporate purposes, underscoring its push to deepen its North American manufacturing footprint and strengthen its position across the solar and storage supply chain; the notes will carry a 3.25% coupon, mature in 2031, be convertible at a premium to the latest share price, and include standard redemption and repurchase features that balance financing flexibility for the company with downside protection for noteholders.
The most recent analyst rating on (CSIQ) stock is a Sell with a $21.00 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.
Canadian Solar’s overall stock score reflects significant financial challenges, including declining revenue and high leverage. While technical indicators show positive momentum, the high P/E ratio suggests overvaluation. The earnings call provided some positive insights, particularly in energy storage growth, but highlighted ongoing challenges that need addressing.
To see Spark’s full report on CSIQ stock, click here.
More about Canadian Solar
Canadian Solar Inc., founded in 2001 and headquartered in Kitchener, Ontario, is one of the world’s largest solar technology and renewable energy companies. It manufactures solar photovoltaic modules, provides solar and battery energy storage solutions, and develops, owns, and operates utility-scale solar and storage projects globally. The company has delivered nearly 170 GW of solar modules worldwide, shipped over 16 GWh of battery energy storage solutions through its e-STORAGE subsidiary, and built approximately 12 GWp of solar and 6 GWh of storage projects, supported by a sizable, geographically diversified project pipeline. Canadian Solar has been listed on NASDAQ since 2006.
Average Trading Volume: 5,243,624
Technical Sentiment Signal: Buy
Current Market Cap: $1.47B
See more data about CSIQ stock on TipRanks’ Stock Analysis page.