Mizuho Securities analyst Maheep Mandloi has maintained their bullish stance on CSIQ stock, giving a Buy rating on March 25.
Maheep Mandloi has given his Buy rating due to a combination of factors including Canadian Solar’s strategic growth in its storage business and the anticipated improvement in gross margins throughout the year. Despite a slight delay in the expansion plans in the US, the company is expected to benefit from a growing mix of battery storage, which is projected to enhance profitability.
Furthermore, the company’s revenue guidance for 2025 aligns with expectations, driven by stable module shipments and battery sales. The sum-of-the-parts valuation approach supports a price target of $20, reflecting confidence in the company’s diversified business lines and future earnings potential.
In another report released on March 25, Oppenheimer also maintained a Buy rating on the stock with a $23.00 price target.