Canadian Solar Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of CSIQ?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	7,183,000	10.7%
General Public	12,935,991	19.3%
Individual Insiders	14,185,036	21.2%
Institutions	32,657,768	48.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 73.81% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
20.8%	Xiaohua Qu	13,947,602	US$170.9m	0.59%	no data
10.7%	Venture Holding S.à R.L. Spf	7,183,000	US$88.0m	40.4%	no data
8.18%	Mackenzie Financial Corporation	5,479,065	US$67.1m	-0.81%	0.07%
3.89%	IvyRock Asset Management (HK) Limited	2,607,700	US$31.9m	87.8%	13.76%
3.45%	Invesco Capital Management LLC	2,311,596	US$28.3m	15.5%	0.01%
3.03%	The Vanguard Group, Inc.	2,027,387	US$24.8m	0%	no data
2.85%	Shah Capital Management, Inc	1,906,285	US$23.4m	9.21%	3.95%
2.23%	Legal & General Investment Management Limited	1,490,859	US$18.3m	3.55%	no data
1.67%	Greenwoods Asset Management Limited	1,115,861	US$13.7m	60.4%	0.34%
1.58%	UBS Asset Management AG	1,057,991	US$13.0m	22.1%	no data
1.53%	BNP Paribas Arbitrage Sa, Asset Management Arm	1,027,839	US$12.6m	218%	0.01%
1.49%	BlackRock, Inc.	994,897	US$12.2m	-77.9%	no data
1.31%	Bank of America Corporation, Asset Management Arm	879,518	US$10.8m	3,240%	no data
1.2%	ETFS Management (AUS) Limited	802,860	US$9.8m	23.1%	0.4%
1.12%	Morgan Stanley, Investment Banking and Brokerage Investments	751,546	US$9.2m	25.2%	no data
1.1%	DNB Asset Management AS	733,932	US$9.0m	-14.6%	0.03%
1.04%	Mirae Asset Global Investments Co., Ltd.	696,836	US$8.5m	-3.03%	0.01%
0.96%	JPMorgan Chase & Co, Brokerage and Securities Investments	644,519	US$7.9m	129,000%	no data
0.91%	Group One Trading LP, Asset Management Arm	609,504	US$7.5m	-3.34%	0.24%
0.87%	D. E. Shaw & Co., L.P.	583,068	US$7.1m	-12.7%	0.01%
0.87%	State Street Global Advisors, Inc.	581,975	US$7.1m	-5.13%	no data
0.86%	Guinness Asset Management Ltd.	573,722	US$7.0m	-21.6%	0.07%
0.82%	Goldman Sachs Group, Investment Banking and Securities Investments	548,853	US$6.7m	20.1%	no data
0.73%	Robotti & Company, Incorporated	490,880	US$6.0m	0.61%	0.92%
0.56%	Cerity Partners LLC	374,966	US$4.6m	52.2%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/07/21 00:35
End of Day Share Price	2025/07/21 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Canadian Solar Inc. is covered by 35 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
James Fontanelli	Arete Research Services LLP
Vishal Shah	Barclays
Wayne T. Chang	Brean Capital