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Canaan (CAN) Competitors

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$0.70 -0.08 (-9.79%)
As of 04/30/2025 04:00 PM Eastern

CAN vs. SEDG, COMM, AIOT, ICHR, IMOS, SHLS, AAOI, CSIQ, INDI, and CLFD

Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include SolarEdge Technologies (SEDG), CommScope (COMM), Powerfleet (AIOT), Ichor (ICHR), ChipMOS TECHNOLOGIES (IMOS), Shoals Technologies Group (SHLS), Applied Optoelectronics (AAOI), Canadian Solar (CSIQ), indie Semiconductor (INDI), and Clearfield (CLFD). These companies are all part of the "electronic equipment" industry.

Canaan vs.

SolarEdge Technologies (NASDAQ:SEDG) and Canaan (NASDAQ:CAN) are both small-cap energy companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, profitability, dividends, valuation, analyst recommendations, media sentiment, risk, earnings and community ranking.

95.1% of SolarEdge Technologies shares are held by institutional investors. Comparatively, 70.1% of Canaan shares are held by institutional investors. 0.7% of SolarEdge Technologies shares are held by insiders. Comparatively, 0.3% of Canaan shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Canaan has a net margin of -128.85% compared to SolarEdge Technologies' net margin of -192.13%. Canaan's return on equity of -60.37% beat SolarEdge Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
SolarEdge Technologies-192.13% -95.05% -41.78%
Canaan -128.85%-60.37%-42.71%

In the previous week, SolarEdge Technologies had 3 more articles in the media than Canaan. MarketBeat recorded 18 mentions for SolarEdge Technologies and 15 mentions for Canaan. SolarEdge Technologies' average media sentiment score of 0.84 beat Canaan's score of 0.54 indicating that SolarEdge Technologies is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
SolarEdge Technologies
11 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Canaan
5 Very Positive mention(s)
1 Positive mention(s)
6 Neutral mention(s)
1 Negative mention(s)
1 Very Negative mention(s)
Positive

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
SolarEdge Technologies$901.46M0.80$34.33M-$31.19-0.39
Canaan$269.32M0.74-$414.15M-$0.91-0.77

SolarEdge Technologies has a beta of 1.63, suggesting that its share price is 63% more volatile than the S&P 500. Comparatively, Canaan has a beta of 3.48, suggesting that its share price is 248% more volatile than the S&P 500.

SolarEdge Technologies received 640 more outperform votes than Canaan when rated by MarketBeat users. However, 76.47% of users gave Canaan an outperform vote while only 59.09% of users gave SolarEdge Technologies an outperform vote.

CompanyUnderperformOutperform
SolarEdge TechnologiesOutperform Votes
666
59.09%
Underperform Votes
461
40.91%
CanaanOutperform Votes
26
76.47%
Underperform Votes
8
23.53%

SolarEdge Technologies presently has a consensus target price of $16.82, indicating a potential upside of 37.50%. Canaan has a consensus target price of $3.88, indicating a potential upside of 450.74%. Given Canaan's stronger consensus rating and higher possible upside, analysts plainly believe Canaan is more favorable than SolarEdge Technologies.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
SolarEdge Technologies
9 Sell rating(s)
15 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
1.81
Canaan
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80

Summary

SolarEdge Technologies beats Canaan on 11 of the 19 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 {thisCompany.Symbol} 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$198.12M$49.92B$23.05B$7.83B
Dividend YieldN/A2.54%2.97%4.22%
P/E Ratio-0.5237.9142.1318.48
Price / Sales0.7490.702,076.99103.59
Price / CashN/A26.4934.7234.62
Price / Book0.476.076.134.25
Net Income-$414.15M$760.21M$738.82M$248.23M
7 Day Performance-12.05%0.21%1.30%0.89%
1 Month Performance-18.87%-2.40%1.64%3.53%
1 Year Performance-19.43%7.34%52,744.82%5.08%

Canaan Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CAN
Canaan
2.3715 of 5 stars
$0.70
-9.8%
$3.88
+450.7%
-19.6%$198.12M$269.32M-0.52350Gap Down
SEDG
SolarEdge Technologies
4.5936 of 5 stars
$12.10
-4.3%
$21.53
+78.0%
-79.1%$714.42M$901.46M-0.394,930Upcoming Earnings
COMM
CommScope
4.2148 of 5 stars
$3.02
-9.3%
$4.75
+57.3%
+318.3%$654.01M$4.21B-0.6830,000Gap Down
AIOT
Powerfleet
2.3404 of 5 stars
$4.50
-5.7%
$12.33
+174.1%
N/A$596.29M$133.74M0.00670Analyst Forecast
Positive News
Gap Down
ICHR
Ichor
4.1136 of 5 stars
$17.21
-0.7%
$40.17
+133.4%
-49.0%$587.09M$849.04M-26.482,980Upcoming Earnings
Short Interest ↓
Gap Down
IMOS
ChipMOS TECHNOLOGIES
3.4473 of 5 stars
$15.09
-4.1%
N/A-40.8%$548.70M$22.70B10.555,420News Coverage
SHLS
Shoals Technologies Group
4.4756 of 5 stars
$3.25
-3.8%
$8.87
+172.9%
-57.3%$542.73M$399.21M16.25840Upcoming Earnings
Positive News
Gap Down
AAOI
Applied Optoelectronics
2.2166 of 5 stars
$10.05
-5.7%
$23.60
+134.8%
+29.8%$501.00M$249.37M-4.882,210Upcoming Earnings
Gap Down
CSIQ
Canadian Solar
2.741 of 5 stars
$7.32
-1.9%
$17.54
+139.7%
-44.4%$484.28M$5.99B-61.0013,500Upcoming Earnings
News Coverage
Gap Down
INDI
indie Semiconductor
2.0399 of 5 stars
$1.83
-4.2%
$7.50
+309.8%
-64.6%$369.51M$216.68M-2.41400Analyst Revision
Positive News
Gap Down
CLFD
Clearfield
2.5283 of 5 stars
$25.97
-2.0%
$46.75
+80.0%
-4.8%$367.01M$167.95M-41.221,130News Coverage

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This page (NASDAQ:CAN) was last updated on 5/1/2025 by MarketBeat.com Staff
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