Canadian Solar stock trades near its 52-week low after Q2 loss

Canadian Solar stock was quoted at USD 11.34 on Nasdaq on September 23, 2026, down 3.65 percent from the previous close. The price stood USD 0.24 above the 52-week low of USD 11.10, while the 52-week high was USD 34.59.

Q2 revenue reached USD 1.21 billion

Canadian Solar reported Q2 2026 results for the quarter ended June 30, 2026, on August 27, 2026. According to Canadian Solar, net revenue reached USD 1.21 billion, up 12 percent from Q1 2026 but down 29 percent from Q2 2025.

The top line came with a USD 76.86 million net loss attributable to Canadian Solar and a diluted loss of USD 1.40 per share. Gross margin fell to 13.9 percent from 25.1 percent in Q1 and 29.8 percent in the year-earlier quarter, making profitability the central issue behind the stock's weak valuation.

Storage volumes offer a counterpoint

Battery energy storage shipments reached 3.7 GWh in Q2 2026, according to the company release, an 82 percent increase from Q1 and a 73 percent increase from Q2 2025. The volume exceeded the company's guidance of 2.8 GWh to 3.2 GWh.

Canadian Solar guided for Q3 2026 revenue of USD 1.3 billion to USD 1.5 billion and gross margin of 13.5 percent to 15.5 percent. The company also expects solar module shipments of 3.5 GW to 3.8 GW and battery storage shipments of 3.4 GWh to 3.8 GWh.

Analysts see a wide valuation gap

As MarketBeat reported on September 17, 2026, 14 analysts had a consensus Reduce rating, with 4 Sell, 7 Hold and 3 Buy recommendations. The average 12-month price target was USD 17.75, USD 6.41 above the September 23 price, a 56.5 percent gap that contrasts with the company's current earnings pressure.

Stock remains near its yearly low

Canadian Solar's market capitalization was USD 769,948,578 on September 23, 2026. The Nasdaq quote of USD 11.34 places the stock 67.2 percent below its 52-week high and 2.2 percent above its 52-week low, leaving storage growth and margin recovery as the measurable tests for the next results.