CSIQ vs. SHLS, DQ, JKS, SPWR, MXL, XPER, AMBA, KLIC, SEDG, and NRP
Should you be buying Canadian Solar stock or one of its competitors? The main competitors of Canadian Solar include Shoals Technologies Group (SHLS), Daqo New Energy (DQ), JinkoSolar (JKS), SunPower (SPWR), MaxLinear (MXL), Xperi (XPER), Ambarella (AMBA), Kulicke and Soffa Industries (KLIC), SolarEdge Technologies (SEDG), and Natural Resource Partners (NRP).
Shoals Technologies Group (NASDAQ:SHLS) and Canadian Solar (NASDAQ:CSIQ) are both small-cap oils/energy companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, media sentiment, earnings, profitability, analyst recommendations, risk, community ranking, institutional ownership and dividends.
Shoals Technologies Group has a net margin of 6.42% compared to Shoals Technologies Group's net margin of 2.80%. Canadian Solar's return on equity of 13.95% beat Shoals Technologies Group's return on equity.
In the previous week, Shoals Technologies Group had 5 more articles in the media than Canadian Solar. MarketBeat recorded 12 mentions for Shoals Technologies Group and 7 mentions for Canadian Solar. Shoals Technologies Group's average media sentiment score of 0.45 beat Canadian Solar's score of 0.07 indicating that Canadian Solar is being referred to more favorably in the news media.
Canadian Solar has higher revenue and earnings than Shoals Technologies Group. Canadian Solar is trading at a lower price-to-earnings ratio than Shoals Technologies Group, indicating that it is currently the more affordable of the two stocks.
52.4% of Canadian Solar shares are owned by institutional investors. 1.7% of Shoals Technologies Group shares are owned by insiders. Comparatively, 21.5% of Canadian Solar shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Shoals Technologies Group has a beta of 1.86, indicating that its share price is 86% more volatile than the S&P 500. Comparatively, Canadian Solar has a beta of 1.29, indicating that its share price is 29% more volatile than the S&P 500.
Shoals Technologies Group presently has a consensus target price of $17.29, suggesting a potential upside of 169.80%. Canadian Solar has a consensus target price of $31.78, suggesting a potential upside of 101.64%. Given Canadian Solar's stronger consensus rating and higher possible upside, equities research analysts clearly believe Shoals Technologies Group is more favorable than Canadian Solar.
Canadian Solar received 462 more outperform votes than Shoals Technologies Group when rated by MarketBeat users. Likewise, 59.11% of users gave Canadian Solar an outperform vote while only 47.30% of users gave Shoals Technologies Group an outperform vote.
Summary
Shoals Technologies Group beats Canadian Solar on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CSIQ and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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