The U.S. Department of Commerce announced final determinations concerning antidumping and countervailing duties related to the SEA AD/CVD case on Monday. Overall, these rates exceeded initial expectations, with only Cambodia and Malaysia's antidumping rates remaining unchanged. This development poses challenges for companies like JinkoSolar (JKS) and Canadian Solar (CSIQ, Financial), which are adversely impacted by these higher rates.
Conversely, First Solar (FSLR) is set to gain from these adjustments. The decision underscores the growing competitiveness of non-SEA countries in solar cell and module production. Roth Capital suggests that nations outside the SEA region have been increasing their production volumes, potentially in anticipation of stricter trade measures. The firm anticipates a new AD/CVD case targeting producers in India, Indonesia, and Laos to commence by the close of the second quarter of 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Canadian Solar Inc (CSIQ, Financial) is $15.16 with a high estimate of $30.38 and a low estimate of $7.28. The average target implies an upside of 99.66% from the current price of $7.60. More detailed estimate data can be found on the Canadian Solar Inc (CSIQ) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Canadian Solar Inc's (CSIQ, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Canadian Solar Inc (CSIQ, Financial) in one year is $28.96, suggesting a upside of 281.3% from the current price of $7.595. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Canadian Solar Inc (CSIQ) Summary page.
