NASDAQ:CSIQ

Canadian Solar (CSIQ) Stock Price, News & Analysis

$15.15
+0.65 (+4.48%)
(As of 04/26/2024 ET)
Today's Range
$14.70
$15.51
50-Day Range
$14.41
$22.94
52-Week Range
$14.11
$45.29
Volume
1.59 million shs
Average Volume
1.90 million shs
Market Capitalization
$977.33 million
P/E Ratio
3.90
Dividend Yield
N/A
Price Target
$31.78

Canadian Solar MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
109.8% Upside
$31.78 Price Target
Short Interest
Bearish
12.95% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.70mentions of Canadian Solar in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
41.86%
From $2.58 to $3.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.26 out of 5 stars

Computer And Technology Sector

121st out of 590 stocks

Solar Industry

1st out of 1 stocks

CSIQ stock logo

About Canadian Solar Stock (NASDAQ:CSIQ)

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.

CSIQ Stock Price History

CSIQ Stock News Headlines

Exposed: 10 CENT Crypto to Explode April 20th?
The man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%... Is now exposing a 10-cent coin that just partnered with Amazon…
Exposed: 10 CENT Crypto to Explode April 20th?
The man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%... Is now exposing a 10-cent coin that just partnered with Amazon…
3 Renewable Energy Stocks to Buy Now: Q2 Edition
Silent Surge: The 3 Stocks Quietly Making Millionaires
3 Stocks to Buy Low Today With High Hopes for Tomorrow
3 Overlooked Solar Stocks to Buy Before They Surge
The 3 Best Solar Stocks to Buy in Q2 2024
See More Headlines
Receive CSIQ Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Canadian Solar and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
3/14/2024
Today
4/27/2024
Next Earnings (Confirmed)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CSIQ
Employees
18,423
Year Founded
2001

Price Target and Rating

Average Stock Price Target
$31.78
High Stock Price Target
$51.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+109.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$274.19 million
Pretax Margin
5.37%

Debt

Sales & Book Value

Annual Sales
$7.61 billion
Cash Flow
$11.06 per share
Book Value
$57.44 per share

Miscellaneous

Free Float
50,637,000
Market Cap
$977.33 million
Optionable
Optionable
Beta
1.26

Social Links

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

Key Executives

  • Dr. Xiaohua Qu (Age 60)
    Chairman, President & CEO
  • Dr. Huifeng Chang (Age 58)
    Senior VP, CFO & Director
  • Wina Huang
    Head of Investor Relations
  • Mr. Jeffrey Kalikow
    Interim Chief Compliance Officer
  • Mr. Yan Zhuang (Age 60)
    Director
  • Mr. Ed Job CFA
    M.Sc., Managing Director of Investor Relations
  • Mr. Ismael Guerrero Arias (Age 49)
    Chief Executive Officer of Recurrent Energy
  • Mr. Kah Locke Tham
    Corporate Secretary & Corporate Controller
  • Ms. Mary Ma
    Senior Supervisor of Investor Relations
  • Ms. Zhang Zhang (Age 30)
    Director of Investor Relations & Strategic Analysis

CSIQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Solar stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CSIQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSIQ, but not buy additional shares or sell existing shares.
View CSIQ analyst ratings
or view top-rated stocks.

What is Canadian Solar's stock price target for 2024?

9 analysts have issued 1 year target prices for Canadian Solar's stock. Their CSIQ share price targets range from $21.00 to $51.00. On average, they predict the company's stock price to reach $31.78 in the next twelve months. This suggests a possible upside of 109.8% from the stock's current price.
View analysts price targets for CSIQ
or view top-rated stocks among Wall Street analysts.

How have CSIQ shares performed in 2024?

Canadian Solar's stock was trading at $26.23 at the beginning of 2024. Since then, CSIQ stock has decreased by 42.2% and is now trading at $15.15.
View the best growth stocks for 2024 here
.

When is Canadian Solar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CSIQ earnings forecast
.

How can I listen to Canadian Solar's earnings call?

Canadian Solar will be holding an earnings conference call on Thursday, May 9th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "1160603".

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) posted its quarterly earnings data on Thursday, March, 14th. The solar energy provider reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.11. The solar energy provider had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.69 billion. Canadian Solar had a net margin of 3.60% and a trailing twelve-month return on equity of 8.31%. Canadian Solar's quarterly revenue was down 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 EPS.

What guidance has Canadian Solar issued on next quarter's earnings?

Canadian Solar updated its first quarter 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.2 billion-$1.4 billion, compared to the consensus revenue estimate of $1.9 billion.

What is Shawn X. Qu's approval rating as Canadian Solar's CEO?

55 employees have rated Canadian Solar Chief Executive Officer Shawn X. Qu on Glassdoor.com. Shawn X. Qu has an approval rating of 74% among the company's employees. 58.0% of employees surveyed would recommend working at Canadian Solar to a friend.

What other stocks do shareholders of Canadian Solar own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Solar investors own include Micron Technology (MU), First Solar (FSLR), Tesla (TSLA), Gilead Sciences (GILD), Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Advanced Micro Devices (AMD) and SunPower (SPWR).

Who are Canadian Solar's major shareholders?

Canadian Solar's stock is owned by many different institutional and retail investors. Top institutional investors include Guinness Asset Management LTD (1.66%), IMC Chicago LLC (0.00%), Green Alpha Advisors LLC (0.06%), Guinness Atkinson Asset Management Inc (0.05%) and City Holding Co. (0.00%).

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.

Does Canadian Solar have any subsidiaries?
The following companies are subsidiares of Canadian Solar: CSI Cells (Yancheng) Co., CSI Cells Co., CSI Investment Management (SuZhou) Co., CSI Modules (DaFeng) Co., CSI Modules (JiaXing) Co., CSI New Energy Holding Co., CSI Solar Power Group Co., CSI Solar Technologies Inc., CSI Solartronics (Changshu) Co., CSI Wafer (LuoYang) Co., CSI&GCL Solar Manufacturing (Yan Cheng) Inc., CSUK Energy Systems Construction and Generation JSC, Canadian Solar (Australia) Pty Limited, Canadian Solar (USA) Inc., Canadian Solar Argentina Investment Holding Ltd., Canadian Solar Asset Management LLC, Canadian Solar Brazil Commerce, Canadian Solar Construction (Australia) Pty Ltd, Canadian Solar Construction (USA) LLC, Canadian Solar EMEA GmbH, Canadian Solar Energy Holding Company Limited, Canadian Solar Energy Holding Singapore Pte. Ltd., Canadian Solar Energy Private Limited, Canadian Solar Energy Singapore Pte. Ltd., Canadian Solar International Limited, Canadian Solar Japan K.K., Canadian Solar MSS (Australia) Pty Ltd, Canadian Solar Manufacturing (Changshu) Inc., Canadian Solar Manufacturing (Luoyang) Inc., Canadian Solar Manufacturing (Thailand) Co., Canadian Solar Manufacturing Taiwan Co., Canadian Solar Manufacturing Vietnam Co., Canadian Solar Middle East DMCC, Canadian Solar Netherlands Cooperative U.A., Canadian Solar New Energy Holding Company Limited, Canadian Solar O and M (Ontario) Inc., Canadian Solar Projects K.K., Canadian Solar SSES (Canada) Inc., Canadian Solar SSES (UK) Ltd, Canadian Solar SSES (US) Inc., Canadian Solar Solutions Inc., Canadian Solar South Africa (Pty) Ltd, Canadian Solar South East Asia Pte. Ltd., Canadian Solar Sunenergy (Baotou) Co., Canadian Solar Sunenergy (Suzhou) Co., Canadian Solar UK Ltd., Canadian Solar UK Projects Ltd., Changshu Tegu New Material Technology Co., Changshu Tlian Co., PT. Canadian Solar Indonesia, Recurrent Energy, Recurrent Energy, Recurrent Energy Group Inc., Suzhou Gaochuangte New Energy Development Co., and Suzhou Sanysolar Materials Technology Co..
Read More
This page (NASDAQ:CSIQ) was last updated on 4/27/2024 by MarketBeat.com Staff

From Our Partners