Canadian Solar's 15min Chart Shows MACD Death Cross, Narrowing Bollinger Bands

According to Canadian Solar's 15-minute chart, the MACD indicator has crossed below the signal line, which is a bearish signal known as a Death Cross. Additionally, the Bollinger Bands have narrowed, indicating a decrease in volatility. This suggests that the stock price may continue to decline and experience a decrease in magnitude of price fluctuations.

Canadian Solar Inc. (CSIQ) has been in the spotlight recently due to several significant developments in its operations and market performance. According to the 15-minute chart analysis, the MACD indicator has crossed below the signal line, indicating a bearish signal known as a Death Cross. Additionally, the Bollinger Bands have narrowed, suggesting a decrease in volatility. This combination of signals suggests that the stock price may continue to decline and experience a decrease in the magnitude of price fluctuations.

On September 4, Canadian Solar confirmed that its subsidiary, e-STORAGE, is set to unveil FlexBank 1.0, a modular battery system designed for utility-scale energy storage applications Canadian Solar Inc. (CSIQ) to Unveil New Battery Storage Solution^[1]. The battery system, which can deliver 8.36 MWh, features an open frame architecture that simplifies logistics and installation. It is built on 314Ah Lithium-Iron-Phosphate cell technology, incorporating multiple safety features. The unveiling of FlexBank 1.0 comes at a time when Canadian Solar has already delivered nearly 165 GW of solar photovoltaic modules globally since its inception in 2001 and shipped 13 GWh of battery storage solutions as of the end of June Canadian Solar Inc. (CSIQ) to Unveil New Battery Storage Solution^[1].

In another notable development, Canadian Solar announced the launch of its next-generation Low Carbon (LC) solar modules, which achieve a carbon footprint of 285 kg CO2eq/kW [^2, 3]. These modules combine wafer innovations with heterojunction (HJT) cell technology and deliver up to 660 Wp output with module efficiency reaching 24.4%. The new modules are designed for utility-scale and commercial & industrial applications and are compatible with Canadian Solar’s inverter portfolio. The company stated that these modules represent a key milestone in sustainable solar manufacturing, with deliveries scheduled to begin in August 2025 [^2, 3].

However, despite these advancements, Canadian Solar Inc. reported its second-quarter 2025 financial results, revealing a significant shortfall in both earnings per share (EPS) and revenue. The company posted a loss of $0.53 per share, far below the anticipated EPS of $1.48. Revenue was reported at $1.7 billion, missing the expected $1.93 billion, largely due to delayed project sales and energy storage shipments Canadian Solar unveils low carbon solar modules with reduced footprint^[2]. These results led to a reduction in price targets by several analysts, with Mizuho lowering its target from $17.00 to $15.00 and Oppenheimer reducing its target from $23.00 to $21.00 Canadian Solar unveils low carbon solar modules with reduced footprint^[2].

The broader U.S. solar sector has seen a positive impact from China’s efforts to combat deflation, leading to a gradual price recovery in the solar market. This recovery has been supported by rising solar wafer prices, providing a favorable backdrop for companies in the solar supply chain Canadian Solar unveils low carbon solar modules with reduced footprint^[2].

In conclusion, while Canadian Solar Inc. continues to make strides in sustainable solar technology, the recent bearish signals and financial performance indicate potential challenges ahead. Investors should closely monitor the company's progress and market conditions to make informed decisions.