Canadian Solar price target raised to $30 from $11 at Roth Capital

Roth Capital analyst Philip Shen raised the firm’s price target on Canadian Solar (CSIQ) to $30 from $11 and keeps a Neutral rating on the shares. The company reported a Q3 beat and issued “strong” 2026 battery energy storage system guidance, the analyst tells investors in a research note. Roth attributes the stock’s 177% rally since the Q2 earnings report to a bullish battery outlook, driven by the datacenters and possible “meme-stock-like buying from Chinese investors.” However, it remains on the sidelines, seeing “significant policy risk” for Canadian Solar from Foreign Entity of Concern provisions.