Canadian Solar price target lowered to $10 from $11 at Citi

Citi lowered the firm’s price target on Canadian Solar (CSIQ) to $10 from $11 and keeps a Sell rating on the shares. The company reported “messy” Q4 results with several one-time items, as Module and Storage shipments were largely in-line with the outlook, while gross margin was roughly 270 basis points below guidance, the analyst tells investors in a research note. The firm noted that it updated its model for the results and latest FY25 guidance.