Canadian Solar price target raised to $20 from $17 at JPMorgan

JPMorgan raised the firm’s price target on Canadian Solar to $20 from $17 and keeps an Underweight rating on the shares. Heading into the Q2 clean energy reports, the firm expects volatility to continue as investors “juggle strong underlying power demand with headwinds such as utility-scale project delays, still fragile residential demand, geopolitics and the US election.” The analyst expects generally strong bookings and pipeline commentary, though with volatility in near-term revenue and guidance. JPMorgan’s top picks into the print are HASI (HASI) and TPI Composites (TPIC). It also introduced fiscal 2026 estimates and established December 2025 price targets.