Canadian Solar price target lowered to $10 from $13 at Wells Fargo

Wells Fargo lowered the firm’s price target on Canadian Solar (CSIQ) to $10 from $13 and keeps an Equal Weight rating on the shares. The firm is negative on the Clean Energy sector in 2025 given IRA/political uncertainty and high interest rates. While the sector has traded off, investors may stay away until there’s clarity on regulatory and macro headwinds, Wells argues.