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Canaan (CAN) Competitors

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$0.74 +0.02 (+2.09%)
As of 10:52 AM Eastern

CAN vs. JKS, DQ, AAOI, LASR, BELFA, SHLS, CSIQ, IMOS, OST, and INDI

Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include JinkoSolar (JKS), Daqo New Energy (DQ), Applied Optoelectronics (AAOI), nLIGHT (LASR), Bel Fuse (BELFA), Shoals Technologies Group (SHLS), Canadian Solar (CSIQ), ChipMOS TECHNOLOGIES (IMOS), Ostin Technology Group (OST), and indie Semiconductor (INDI). These companies are all part of the "electronic equipment" industry.

Canaan vs. Its Competitors

Canaan (NASDAQ:CAN) and JinkoSolar (NYSE:JKS) are both small-cap computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, valuation, analyst recommendations, media sentiment, community ranking, dividends, risk, institutional ownership and earnings.

In the previous week, Canaan had 8 more articles in the media than JinkoSolar. MarketBeat recorded 10 mentions for Canaan and 2 mentions for JinkoSolar. JinkoSolar's average media sentiment score of 0.88 beat Canaan's score of 0.45 indicating that JinkoSolar is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Canaan
1 Very Positive mention(s)
4 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
JinkoSolar
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

70.1% of Canaan shares are owned by institutional investors. Comparatively, 35.8% of JinkoSolar shares are owned by institutional investors. 0.3% of Canaan shares are owned by company insiders. Comparatively, 19.8% of JinkoSolar shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Canaan has a beta of 3.32, meaning that its stock price is 232% more volatile than the S&P 500. Comparatively, JinkoSolar has a beta of 0.18, meaning that its stock price is 82% less volatile than the S&P 500.

Canaan currently has a consensus price target of $2.90, suggesting a potential upside of 290.20%. JinkoSolar has a consensus price target of $27.19, suggesting a potential upside of 44.94%. Given Canaan's stronger consensus rating and higher possible upside, research analysts plainly believe Canaan is more favorable than JinkoSolar.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canaan
0 Sell rating(s)
1 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.83
JinkoSolar
4 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.57

JinkoSolar has higher revenue and earnings than Canaan. JinkoSolar is trading at a lower price-to-earnings ratio than Canaan, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Canaan$317.01M0.87-$414.15M-$1.02-0.73
JinkoSolar$83.06B0.01$485.56M-$5.02-3.74

JinkoSolar received 245 more outperform votes than Canaan when rated by MarketBeat users. However, 78.95% of users gave Canaan an outperform vote while only 54.56% of users gave JinkoSolar an outperform vote.

CompanyUnderperformOutperform
CanaanOutperform Votes
30
78.95%
Underperform Votes
8
21.05%
JinkoSolarOutperform Votes
275
54.56%
Underperform Votes
229
45.44%

JinkoSolar has a net margin of 0.53% compared to Canaan's net margin of -128.85%. JinkoSolar's return on equity of 4.18% beat Canaan's return on equity.

Company Net Margins Return on Equity Return on Assets
Canaan-128.85% -60.37% -42.71%
JinkoSolar 0.53%4.18%1.06%

Summary

Canaan and JinkoSolar tied by winning 9 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CAN and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

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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CAN vs. The Competition

MetricCanaanSemiconductors & related devices IndustryComputer SectorNASDAQ Exchange
Market Cap$277.14M$64.74B$26.31B$8.62B
Dividend YieldN/A2.25%2.85%4.18%
P/E Ratio-0.5545.3545.3520.02
Price / Sales0.8756.681,977.77154.33
Price / CashN/A26.4934.7434.64
Price / Book0.507.207.024.70
Net Income-$414.15M$751.41M$741.34M$247.97M
7 Day Performance28.67%5.59%1.83%2.64%
1 Month Performance-10.54%8.91%4.20%6.39%
1 Year Performance-29.22%48.47%52,516.76%13.95%

Canaan Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CAN
Canaan
2.659 of 5 stars
$0.74
+2.1%
$2.90
+290.2%
-32.0%$277.14M$317.01M-0.55350
JKS
JinkoSolar
3.0233 of 5 stars
$19.11
+0.9%
$27.19
+42.3%
-24.2%$981.56M$83.06B32.3831,000
DQ
Daqo New Energy
3.4183 of 5 stars
$14.61
+1.6%
$21.01
+43.9%
-29.6%$979.37M$737.68M-7.892,400News Coverage
Positive News
Gap Up
AAOI
Applied Optoelectronics
2.682 of 5 stars
$16.87
+0.2%
$22.00
+30.4%
+60.5%$937.03M$308.55M-8.192,210Gap Up
LASR
nLIGHT
2.4795 of 5 stars
$17.63
+0.2%
$15.70
-10.9%
+49.5%$871.61M$205.69M-17.121,100Positive News
Analyst Revision
High Trading Volume
BELFA
Bel Fuse
3.362 of 5 stars
$68.80
+2.5%
$115.00
+67.2%
-7.7%$871.49M$558.94M22.276,300News Coverage
Positive News
Analyst Upgrade
SHLS
Shoals Technologies Group
4.1511 of 5 stars
$5.10
-1.2%
$8.45
+65.6%
-31.7%$852.59M$388.76M25.50840Positive News
Analyst Revision
CSIQ
Canadian Solar
3.8071 of 5 stars
$11.03
-1.9%
$16.58
+50.4%
-38.9%$738.70M$5.86B-91.9213,500Analyst Revision
IMOS
ChipMOS TECHNOLOGIES
3.5787 of 5 stars
$19.77
+0.7%
N/A-24.8%$718.88M$22.70B13.835,420
OST
Ostin Technology Group
0.7508 of 5 stars
$6.19
+4.6%
N/A+70.9%$664.99M$32.46M0.00260Short Interest ↑
Gap Down
High Trading Volume
INDI
indie Semiconductor
2.3234 of 5 stars
$3.03
+5.6%
$5.75
+89.8%
-56.1%$643.92M$218.41M-3.99400Analyst Forecast
Gap Up

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This page (NASDAQ:CAN) was last updated on 6/12/2025 by MarketBeat.com Staff
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