Canadian Solar (CSIQ) Stock Price, News & Analysis

Company Overview

Canadian Solar Inc. (NASDAQ: CSIQ) is a global renewable energy company that specializes in the design, development and manufacturing of solar photovoltaic (PV) modules and system solutions. Founded in 2001 and headquartered in Guelph, Ontario, the company has grown to become one of the world’s largest solar module suppliers. Canadian Solar offers a comprehensive portfolio of products, including mono- and multi-crystalline solar cells and modules, as well as advanced energy storage and system integration solutions tailored for residential, commercial and utility-scale applications.

In addition to manufacturing solar components, Canadian Solar provides end-to-end services encompassing project development, engineering, procurement and construction (EPC), as well as operations and maintenance. The company’s project development arm focuses on identifying and securing sites for large-scale PV installations, often partnering with local utilities and independent power producers to deliver clean energy solutions. Canadian Solar’s energy storage offerings integrate battery technologies with its solar modules to support grid stability, peak-load shifting and backup power applications.

Canadian Solar maintains a diversified geographic presence, serving markets across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region. Its global footprint is supported by manufacturing facilities in China, Vietnam, Indonesia and Thailand, alongside a network of sales offices and project development teams in key markets. This international reach enables the company to adapt its product and service offerings to regional regulatory requirements and market dynamics.

Under the leadership of founder, chairman and chief executive officer Shawn Qu, Canadian Solar has pursued a strategy of vertical integration and technological innovation. By investing in research and development, the company has introduced higher-efficiency PV cells, bifacial modules and advanced tracking systems designed to maximize energy yield. Canadian Solar continues to expand its project pipeline and strengthen its supply chain partnerships to support the global transition to clean, reliable and cost-effective solar energy.

Key Stats

• Today's Range: $9.81 to $10.11
• 50-Day Range: $9.51 to $14.09
• 52-Week Range: $6.57 to $19.55
• Volume: 1.56 million shs
• Average Volume: 1.38 million shs
• Market Capitalization: $663.00 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $11.69
• Consensus Rating: Hold

Canadian Solar Stock Analysis - MarketRank™

Canadian Solar scored higher than 27% of companies evaluated by MarketBeat, and ranked 229th out of 267 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 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 2 buy ratings, 3 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.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Canadian Solar are expected to grow in the coming year, from ($0.23) to $0.61 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Canadian Solar is -16.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canadian Solar is -16.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Canadian Solar has a P/B Ratio of 0.17. 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

11.55% 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 4.7.

Change versus previous month

Short interest in Canadian Solar has recently increased by 11.02%, 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

11.55% 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 4.7.

Change versus previous month

Short interest in Canadian Solar has recently increased by 11.02%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.03

News Sentiment

Canadian Solar has a news sentiment score of 0.03. 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 0.82 average news sentiment score of 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

Only 4 people have searched for CSIQ on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

MarketBeat Follows

5 people have added Canadian Solar to their MarketBeat watchlist in the last 30 days. This is an increase of 400% 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 $11.12 on January 1st, 2025. Since then, CSIQ stock has decreased by 11.0% and is now trading at $9.90.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) released its quarterly earnings results on Thursday, August, 21st. The solar energy provider reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $0.76 by $1.29. The firm's revenue was up 3.6% compared to the same quarter last year.
Read the conference call transcript.

Does Canadian Solar have any subsidiaries?

Canadian Solar subsidiaries include 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?

Canadian Solar's top institutional shareholders include Mackenzie Financial Corp (8.79%), Shah Capital Management (2.81%), Invesco Ltd. (2.75%) and Legal & General Group Plc (2.71%).

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.

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: 8/21/2025
• Today: 9/03/2025
• Next Earnings (Estimated): 11/19/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Solar
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:CSIQ
• CIK: 1375877
• Web: www.canadiansolar.com
• Phone: (519) 837-1881
• Fax: 519-837-2550
• Employees: 1,224
• Year Founded: 2001

Price Target and Rating

• Average Price Target for Canadian Solar: $11.69
• High Price Target: $15.00
• Low Price Target: $9.00
• Potential Upside/Downside: +18.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.60)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $36.05 million
• Net Margins: -0.12%
• Pretax Margin: -3.08%
• Return on Equity: -4.97%
• Return on Assets: -1.40%

Debt

• Debt-to-Equity Ratio: 0.98
• Current Ratio: 1.09
• Quick Ratio: 0.87

Sales & Book Value

• Annual Sales: $5.99 billion
• Price / Sales: 0.11
• Cash Flow: $6.19 per share
• Price / Cash Flow: 1.60
• Book Value: $59.29 per share
• Price / Book: 0.17

Miscellaneous

• Outstanding Shares: 66,970,000
• Free Float: 52,573,000
• Market Cap: $663.00 million
• Optionable: Optionable
• Beta: 1.16