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NASDAQ:CSIQ

Canadian Solar (CSIQ) Stock Price, News & Analysis

$21.67
+0.84 (+4.03%)
(As of 09:46 AM ET)
Today's Range
$21.12
$21.71
50-Day Range
$19.84
$26.43
52-Week Range
$17.82
$45.29
Volume
144,966 shs
Average Volume
1.16 million shs
Market Capitalization
$1.40 billion
P/E Ratio
4.33
Dividend Yield
N/A
Price Target
$35.43

Canadian Solar MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
65.9% Upside
$35.43 Price Target
Short Interest
Bearish
13.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.46mentions of Canadian Solar in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-27.72%
From $3.68 to $2.66 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.

2.92 out of 5 stars

Oils/Energy Sector

145th out of 244 stocks

Semiconductors & Related Devices Industry

43rd out of 89 stocks

CSIQ stock logo

About Canadian Solar Stock (NASDAQ:CSIQ)

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company operates through two segments, Canadian Solar Inc. (CSI) Solar and Global Energy. The CSI Solar segment offers standard solar modules and battery storage solutions, as well as solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories; and engineering, procurement, and construction (EPC) services. The Global Energy segment engages in the development, construction, maintenance, and sale of solar and battery storage projects; operation of solar power plants; and sale of electricity. This segment also 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. As of January 31, 2023, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 574 MWp. The company serves distributors, system integrators, project developers, and installers/EPC companies. It sells its products primarily under its Canadian Solar brand name; and on an OEM basis. Canadian Solar Inc. was incorporated in 2001 and is based in Guelph, Canada.

CSIQ Stock Price History

CSIQ Stock News Headlines

Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Canadian Solar Inc.
CSIQ Mar 2024 18.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
CSIQ Mar 2024 28.000 call
CSIQ Mar 2024 23.000 call
CSIQ Mar 2024 21.500 call
CSIQ Mar 2024 16.000 put
Market movers: Stocks that saw action on Wednesday - and why
3 Solar Energy Stocks Poised for a Strong Comeback
7 Solar Stocks That Could Make Your February Unforgettable
7 Solar Stocks That Could Make Your February Unforgettable
CSIQ Mar 2024 27.000 call
CSIQ Mar 2024 21.000 put
CSIQ Feb 2024 14.000 call
The 3 Best Solar Stocks to Buy in February 2024
See More Headlines
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Company Calendar

Last Earnings
11/14/2023
Today
2/29/2024
Next Earnings (Confirmed)
3/14/2024
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
$35.43
High Stock Price Target
$51.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+70.1%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$239.97 million
Pretax Margin
6.79%

Debt

Sales & Book Value

Annual Sales
$7.47 billion
Cash Flow
$7.13 per share
Book Value
$35.96 per share

Miscellaneous

Free Float
50,637,000
Market Cap
$1.34 billion
Optionable
Optionable
Beta
1.30

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Key Executives

  • Dr. Xiaohua Qu (Age 60)
    Chairman, President & CEO
  • Dr. Huifeng Chang (Age 58)
    Senior VP, CFO & Director
  • Dr. Guoqiang Xing (Age 61)
    Senior VP & CTO
  • Mr. Ed Job M.Sc.
    CFA, Managing Director of Investor Relations
  • Mr. Jeffrey Kalikow
    Interim Chief Compliance Officer
  • Mr. Yan Zhuang (Age 60)
    Director
  • 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?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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?

7 Wall Street analysts have issued 12-month price targets for Canadian Solar's shares. Their CSIQ share price targets range from $22.00 to $51.00. On average, they anticipate the company's share price to reach $35.43 in the next twelve months. This suggests a possible upside of 65.9% 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 18.6% and is now trading at $21.35.
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, March 14th 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, March 14th 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 "13744234".

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) posted its quarterly earnings results on Tuesday, November, 14th. The solar energy provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.50. The solar energy provider earned $1.85 billion during the quarter, compared to analyst estimates of $2.03 billion. Canadian Solar had a net margin of 4.48% and a trailing twelve-month return on equity of 11.98%. The company's quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS.

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

Canadian Solar issued an update on its fourth quarter 2023 earnings guidance on Monday, December, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.6 billion-$1.8 billion, compared to the consensus revenue estimate of $2.7 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 Mackenzie Financial Corp (6.13%), Vanguard Group Inc. (3.07%), Schroder Investment Management Group (2.44%), Handelsbanken Fonder AB (1.70%), DNB Asset Management AS (1.13%) and Vontobel Holding Ltd. (0.94%).

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 2/29/2024 by MarketBeat.com Staff

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