• Daiwa upgrades Canadian Solar Inc. (NASDAQ: CSIQ) to "Outperform" with a price target of $30, indicating an 18.25% potential upside.
• Recurrent Energy, a subsidiary of Canadian Solar, secures a Development Consent Order for a significant solar and battery storage project in the UK.
• Canadian Solar plans to strengthen its North American revenue stream by resuming direct oversight and reshoring manufacturing in the U.S.

Canadian Solar Inc. (NASDAQ: CSIQ) is a prominent player in the renewable energy sector, specializing in solar power solutions. The company is headquartered in Kitchener, Canada, and operates globally, focusing on the manufacturing and sale of solar modules, solar cells, and energy storage systems. Canadian Solar competes with other solar energy companies like First Solar and SunPower.

On December 2, 2025, Daiwa set a price target of $30 for Canadian Solar, which was trading at $25.37 at the time. This suggests a potential upside of 18.25%. TheFly reported that Daiwa upgraded Canadian Solar to "Outperform" from "Neutral," indicating increased confidence in the company's future performance.

Recurrent Energy, a subsidiary of Canadian Solar, has made strides in the UK by securing a Development Consent Order for the Tillbridge solar and battery storage project. This project will feature 800 MW of solar capacity and 500 MW/1,000 MWh of battery storage. This development highlights Canadian Solar's commitment to expanding its renewable energy footprint in the UK.

Canadian Solar is also focusing on its U.S. operations by resuming direct oversight and reshoring manufacturing. The company plans to form a joint venture, CS PowerTech, holding a 75.1% stake. This move aims to mitigate geopolitical trade risks and leverage domestic manufacturing incentives, strengthening its North American revenue stream.

Currently, Canadian Solar's stock is priced at $25.48, reflecting a 7.51% decrease. The stock has traded between $24.37 and $28 today, with a market capitalization of approximately $1.71 billion. Over the past year, the stock has seen a high of $34.59 and a low of $6.57, with a trading volume of 5,587,361 shares on the NASDAQ exchange.