Canadian Solar price target lowered to $11 from $17 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Canadian Solar (CSIQ) to $11 from $17 and keeps a Sell rating on the shares. Canadian Solar’s Q4 results missed guidance due to project delays and impairment charges, and Q1 guidance came in weaker than expected amid tight supply of OBBBA-compliant solar cells, seasonal softness, and higher input costs, with 2026 shipment guidance deferred, the analyst tells investors in a research note. However, the company is expanding U.S. capacity, targeting 10 GWp of module capacity by 2H26 and 6.3 GWp of domestic solar cell capacity by year-end, positioning it to operate the only commercial-scale HJT solar cell facility in the U.S., the firm says.