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Canadian Solar (CSIQ) Stock Price, News & Analysis

$12.27
-0.40 (-3.16%)
(As of 10/17/2024 ET)

About Canadian Solar Stock (NASDAQ:CSIQ)

Key Stats

Today's Range
$12.18
$12.69
50-Day Range
$11.90
$17.47
52-Week Range
$11.41
$26.85
Volume
1.90 million shs
Average Volume
1.61 million shs
Market Capitalization
$811.77 million
P/E Ratio
24.06
Dividend Yield
N/A
Price Target
$23.33
Consensus Rating
Hold

Company Overview

Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. It offers standard solar modules and battery storage solutions; solar system kits, such as inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction (EPC) services, as well as operates battery energy storage projects. The Recurrent Energy segment engages in the development, construction, maintenance, and sale of solar power and battery storage projects; and operation of solar power plants; and sale of electricity. This segment provides operation and maintenance (O&M) services, including monitoring, inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar projects, as well as asset management services. It has a fleet of solar and battery energy storage plants in operation with an aggregate capacity of approximately 1,005 MWp and 600 MWh. It serves distributors, system integrators, project developers, and installers/EPC companies, as well as utility companies or grid operators, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial or government end users. It sells its products primarily under its Canadian Solar brand name. Canadian Solar Inc. was incorporated in 2001 and is based in Guelph, Canada.

Canadian Solar Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
71st Percentile Overall Score

CSIQ MarketRank™: 

Canadian Solar scored higher than 71% of companies evaluated by MarketBeat, and ranked 122nd out of 255 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Canadian Solar has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 4 buy ratings, 4 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Canadian Solar has only been the subject of 4 research reports in the past 90 days.

  • Read more about Canadian Solar's stock forecast and price target.
  • Earnings Growth

    Earnings for Canadian Solar are expected to grow by 1,183.33% in the coming year, from $0.12 to $1.54 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Canadian Solar is 24.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Canadian Solar is 24.06, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.86.

  • Price to Earnings Growth Ratio

    Canadian Solar has a PEG Ratio of 4.92. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Canadian Solar has a P/B Ratio of 0.22. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Canadian Solar's valuation and earnings.
  • Percentage of Shares Shorted

    17.34% of the float of Canadian Solar has been sold short.
  • Short Interest Ratio / Days to Cover

    Canadian Solar has a short interest ratio ("days to cover") of 4.9.
  • Change versus previous month

    Short interest in Canadian Solar has recently increased by 0.24%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Canadian Solar does not currently pay a dividend.

  • Dividend Growth

    Canadian Solar does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    17.34% of the float of Canadian Solar has been sold short.
  • Short Interest Ratio / Days to Cover

    Canadian Solar has a short interest ratio ("days to cover") of 4.9.
  • Change versus previous month

    Short interest in Canadian Solar has recently increased by 0.24%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Canadian Solar has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Canadian Solar this week, compared to 6 articles on an average week.
  • Search Interest

    Only 10 people have searched for CSIQ on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Canadian Solar to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Canadian Solar insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    21.50% of the stock of Canadian Solar is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    52.36% of the stock of Canadian Solar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Canadian Solar's insider trading history.
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CSIQ Stock News Headlines

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CSIQ Stock Analysis - Frequently Asked Questions

Canadian Solar's stock was trading at $26.23 at the beginning of 2024. Since then, CSIQ shares have decreased by 53.2% and is now trading at $12.27.
View the best growth stocks for 2024 here
.

Canadian Solar Inc. (NASDAQ:CSIQ) released its earnings results on Thursday, August, 22nd. The solar energy provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. The firm's revenue for the quarter was down 30.8% compared to the same quarter last year.

The following companies are subsidiaries of Canadian Solar: Recurrent Energy, Canadian Solar Argentina Investment Holding Ltd., Canadian Solar Asset Management LLC, Canadian Solar (Australia) Pty Limited, Canadian Solar Brazil Commerce, Canadian Solar Construction (Australia) Pty Ltd, Canadian Solar Construction (USA) LLC, and more.

Top institutional shareholders of Canadian Solar include Guinness Asset Management LTD (1.46%), Vontobel Holding Ltd. (0.15%), SG Americas Securities LLC (0.10%) and Green Alpha Advisors LLC (0.06%).

Shares of CSIQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Canadian Solar investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Alibaba Group (BABA), First Solar (FSLR) and PayPal (PYPL).

Company Calendar

Last Earnings
8/22/2024
Today
10/17/2024
Next Earnings (Estimated)
11/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:CSIQ
Employees
22,234
Year Founded
2001

Price Target and Rating

Average Stock Price Target
$23.33
High Stock Price Target
$35.00
Low Stock Price Target
$12.28
Potential Upside/Downside
+90.1%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$274.19 million
Pretax Margin
1.95%

Debt

Sales & Book Value

Annual Sales
$6.51 billion
Cash Flow
$7.18 per share
Book Value
$56.01 per share

Miscellaneous

Free Float
51,935,000
Market Cap
$811.77 million
Optionable
Optionable
Beta
1.31

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This page (NASDAQ:CSIQ) was last updated on 10/17/2024 by MarketBeat.com Staff
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