Canadian Solar (CSIQ) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $11.24 to $11.71
• 50-Day Range: $10.99 to $17.47
• 52-Week Range: $10.91 to $26.85
• Volume: 1.91 million shs
• Average Volume: 1.72 million shs
• Market Capitalization: $747.61 million
• P/E Ratio: 22.16
• Dividend Yield: N/A
• Price Target: $20.59
• Consensus Rating: Hold

Canadian Solar Stock Analysis - MarketRank™

Canadian Solar scored higher than 65% of companies evaluated by MarketBeat, and ranked 133rd out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Canadian Solar has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 3 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

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

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 1,183.33%

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 22.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canadian Solar is 22.16, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.23.

Price to Earnings Growth Ratio

Canadian Solar has a PEG Ratio of 3.61. 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 0.20. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

21.06% 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 4.8.

Change versus previous month

Short interest in Canadian Solar has recently increased by 17.59%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Canadian Solar does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

21.06% 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 4.8.

Change versus previous month

Short interest in Canadian Solar has recently increased by 17.59%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.14

News Sentiment

Canadian Solar has a news sentiment score of 0.14. 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 0.69 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Canadian Solar this week, compared to 6 articles on an average week.

Search Interest

13 people have searched for CSIQ on MarketBeat in the last 30 days. This is an increase of 30% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Canadian Solar to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

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.

CSIQ Stock Analysis - Frequently Asked Questions

How have CSIQ shares performed this year?

Canadian Solar's stock was trading at $26.23 on January 1st, 2024. Since then, CSIQ stock has decreased by 56.9% and is now trading at $11.30.
View the best growth stocks for 2024 here.

How were Canadian Solar's earnings last quarter?

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

Does Canadian Solar have any subsidiaries?

Canadian Solar subsidiaries include these companies: 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.

Who are Canadian Solar's major shareholders?

Top institutional investors of Canadian Solar include Guinness Asset Management LTD (1.46%), State Street Corp (0.74%), Jane Street Group LLC and Cerity Partners LLC (0.65%).

How do I buy shares of Canadian Solar?

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.

What other stocks do shareholders of Canadian Solar own?

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: 11/21/2024
• Next Earnings (Confirmed): 12/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:CSIQ
• CUSIP: N/A
• CIK: 1375877
• Web: www.canadiansolar.com
• Phone: (519) 837-1881
• Fax: 519-837-2550
• Employees: 22,234
• Year Founded: 2001

Price Target and Rating

• Average Stock Price Target: $20.59
• High Stock Price Target: $35.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +82.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.51
• Trailing P/E Ratio: 22.16
• Forward P/E Ratio: 94.17
• P/E Growth: 3.61
• Net Income: $274.19 million
• Net Margins: 0.56%
• Pretax Margin: 1.95%
• Return on Equity: 0.99%
• Return on Assets: 0.31%

Debt

• Debt-to-Equity Ratio: 0.53
• Current Ratio: 1.04
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $7.61 billion
• Price / Sales: 0.10
• Cash Flow: $8.97 per share
• Price / Cash Flow: 1.26
• Book Value: $56.01 per share
• Price / Book: 0.20

Miscellaneous

• Outstanding Shares: 66,160,000
• Free Float: 51,935,000
• Market Cap: $747.61 million
• Optionable: Optionable
• Beta: 1.34