<div id="readability-page-1"><p>Mackenzie Financial Corp boosted its stake in  Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,523,565 shares of the solar energy provider's stock after purchasing an additional 357,900 shares during the period. Mackenzie Financial Corp owned about 8.35% of Canadian Solar worth $61,422,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Canadian Solar</strong> alerts:</span></p></div><ul><li>Is SunPower Stock Ready to Lead the Solar Market?</li></ul><p>Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of  Canadian Solar by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,027,302 shares of the solar energy provider's stock valued at $22,544,000 after acquiring an additional 23,355 shares during the period.  Shah Capital Management increased its position in shares of  Canadian Solar by 825.6% in the fourth quarter. Shah Capital Management now owns 1,745,546 shares of the solar energy provider's stock valued at $19,410,000 after acquiring an additional 1,556,964 shares during the period.  IvyRock Asset Management HK Ltd purchased a new position in  Canadian Solar during the 4th quarter valued at about $15,440,000.  Greenwoods Asset Management Hong Kong Ltd. purchased a new position in  Canadian Solar during the 4th quarter valued at about $7,738,000.  Finally, Robotti Robert increased its holdings in  Canadian Solar by 55.2% during the 4th quarter. Robotti Robert now owns 487,880 shares of the solar energy provider's stock valued at $5,425,000 after purchasing an additional 173,499 shares during the period. 52.36% of the stock is owned by hedge funds and other institutional investors. </p><h2>Wall Street Analyst Weigh In</h2><p>CSIQ has been the topic of a number of research analyst reports. Mizuho boosted their price target on Canadian Solar from $16.00 to $17.00 and gave the company an &#34;outperform&#34; rating in a report on Monday, May 19th. The Goldman Sachs Group boosted their target price on Canadian Solar from $8.00 to $9.00 and gave the company a &#34;sell&#34; rating in a research note on Friday, May 16th. Citigroup raised shares of Canadian Solar from a &#34;sell&#34; rating to a &#34;neutral&#34; rating and set a $8.00 price objective on the stock in a research report on Thursday, April 17th. Wells Fargo &amp; Company boosted their price objective on shares of Canadian Solar from $10.00 to $11.00 and gave the company an &#34;equal weight&#34; rating in a research report on Friday, May 16th. Finally, Roth Capital  set a $11.00 price objective on shares of Canadian Solar and gave the company a &#34;neutral&#34; rating in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a sell rating, four have issued  a hold rating and five have issued  a buy rating to the stock. According to data from MarketBeat, Canadian Solar presently has an average rating of &#34;Hold&#34; and an average price target of $16.77.</p><ul><li>MarketBeat Week in Review – 5/22 - 5/26</li></ul><p><b>Read Our Latest Stock Analysis on CSIQ</b></p><h2>Canadian Solar Stock Performance</h2><p>Shares of CSIQ opened at $9.80 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. The business's 50 day moving average price is $9.03 and its 200-day moving average price is $10.47. Canadian Solar Inc. has a 52 week low of $6.57 and a 52 week high of $21.05. The stock has a market cap of $656.33 million, a P/E ratio of -81.67, a P/E/G ratio of 0.74 and a beta of 1.35. </p><ul><li>Solar Panel Demand Makes Canadian Solar a Buy-the-Dip Opportunity</li></ul><p>Canadian Solar (NASDAQ:CSIQ - Get Free Report) last released its earnings results on Thursday, May 15th. The solar energy provider reported ($1.07) EPS for the quarter, topping the consensus estimate of ($1.50) by $0.43. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. The company's revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share.  Equities research analysts anticipate that  Canadian Solar Inc. will post -0.23 earnings per share for the current fiscal year. </p><h2>About Canadian Solar</h2> (Free Report)<p>Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Canadian Solar</li><li>Pros And Cons Of Monthly Dividend Stocks</li><li>Trade Desk Silences Critics; Recovery Looks Poised to Continue</li><li>Manufacturing Stocks Investing</li><li>Booz Allen Hamilton Earnings: 3 Bullish Signals for BAH Stock</li><li>What is a buyback in stocks? A comprehensive guide for investors</li><li>These ETFs Provide Easy Exposure to Growing International Markets</li></ul><p><strong>Want to see what other hedge funds are holding CSIQ?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Solar Inc. (NASDAQ:CSIQ - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1NJUQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1NJUQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Canadian Solar Right Now?</h2><p>Before you consider Canadian Solar, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Solar wasn't on the list.</p><p>While Canadian Solar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CSIQ

<p>Mackenzie Financial Corp increased its stake in Canadian Solar Inc. (NASDAQ:CSIQ) by 6.9% in Q4, owning 5,523,565 shares valued at $61.42 million. Other hedge funds also adjusted their positions, with Vanguard Group increasing by 1.2% and Shah Capital by 825.6%. Analysts have mixed ratings on CSIQ, with an average target price of $16.77. The stock opened at $9.80, with a market cap of $656.33 million. Canadian Solar reported a quarterly EPS of ($1.07), exceeding estimates, but revenue declined by 10% year-over-year.</p>

Mackenzie Financial Corp Increases Stake in Canadian Solar Inc. (NASDAQ:CSIQ)