Wells Fargo Maintains Equal-Weight on Canadian Solar, Lowers Price Target to $17

Shares of semiconductor and chip companies are trading lower, possibly after Federal Reserve Chairman Warsh's comments on inflation and prices raised rate-hike concerns. The sector may be facing pressure from peer Marvell Technology, as the company pulls back after its FY28 guidance may have failed to meet investor expectations.

Mizuho Maintains Neutral on Canadian Solar, Lowers Price Target to $17

Mizuho analyst Maheep Mandloi maintains Canadian Solar (NASDAQ:CSIQ) with a Neutral and lowers the price target from $18 to $17.

Canadian Solar Q2 Loss Wider Than Estimates, Revenues Fall Y/Y

Canadian Solar reported a wider Q2 2026 loss of $1.40 per share despite beating revenue estimates at $1.21 billion. However, revenues declined 28.7% year-over-year due to lower gross margins and reduced module shipments. Battery storage shipments surged 73% year-over-year, showing strength in that segment. The company guided Q3 revenues of $1.30-$1.50 billion with gross margins of 13.5%-15.5%. Other solar companies showed mixed results: Enphase Energy missed revenue expectations with declining earnings, First Solar beat earnings estimates, and SolarEdge Technologies exceeded both earnings and revenue expectations.