NASDAQ:CSIQ

Canadian Solar Stock Forecast, Price & News

$40.27
+0.37 (+0.93 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$39.90
$40.78
50-Day Range
$35.25
$47.75
52-Week Range
$16.97
$67.39
Volume1.27 million shs
Average Volume2.04 million shs
Market Capitalization$2.42 billion
P/E Ratio41.95
Dividend YieldN/A
Beta1.43
30 days | 90 days | 365 days | Advanced Chart
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About Canadian Solar

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company's primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada.

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MarketRank

Overall MarketRank

1.66 out of 5 stars

Oils/Energy Sector

106th out of 686 stocks

Semiconductors & Related Devices Industry

43rd out of 151 stocks

Analyst Opinion: 3.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
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Canadian Solar (NASDAQ:CSIQ) Frequently Asked Questions

Is Canadian Solar a buy right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Canadian Solar stock.
View analyst ratings for Canadian Solar
or view top-rated stocks.

What stocks does MarketBeat like better than Canadian Solar?

Wall Street analysts have given Canadian Solar a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Canadian Solar wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Canadian Solar's next earnings date?

Canadian Solar is scheduled to release its next quarterly earnings announcement on Friday, August 6th 2021.
View our earnings forecast for Canadian Solar
.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) issued its quarterly earnings data on Wednesday, May, 19th. The solar energy provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.28 by $0.08. The solar energy provider had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.04 billion. Canadian Solar had a trailing twelve-month return on equity of 2.44% and a net margin of 1.57%. The firm's revenue for the quarter was up 31.9% on a year-over-year basis. During the same period last year, the firm earned $1.84 EPS.
View Canadian Solar's earnings history
.

How has Canadian Solar's stock been impacted by COVID-19 (Coronavirus)?

Canadian Solar's stock was trading at $17.89 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CSIQ stock has increased by 125.1% and is now trading at $40.27.
View which stocks have been most impacted by COVID-19
.

How will Canadian Solar's stock buyback program work?

Canadian Solar declared that its board has approved a stock buyback program on Monday, December 9th 2019, which allows the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 13% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

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

Canadian Solar updated its second quarter 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $1.40 billion-1.50 billion, compared to the consensus revenue estimate of $1.37 billion.

What price target have analysts set for CSIQ?

8 brokerages have issued 1 year target prices for Canadian Solar's shares. Their forecasts range from $46.00 to $71.00. On average, they expect Canadian Solar's stock price to reach $54.00 in the next year. This suggests a possible upside of 34.1% from the stock's current price.
View analysts' price targets for Canadian Solar
or view top-rated stocks among Wall Street analysts.

Who are Canadian Solar's key executives?

Canadian Solar's management team includes the following people:
  • Dr. Xiaohua Qu, Chairman & CEO (Age 57)
  • Dr. Huifeng Chang, Sr. VP, CFO & Director (Age 55)
  • Dr. Guoqiang Xing, Sr. VP & CTO (Age 58)
  • Mr. Ed Job CFA, Managing Director of Investor Relations
  • Mr. Jianyi Zhang, Sr. VP, Gen. Counsel & Chief Compliance Officer (Age 63)
  • Mr. Yan Zhuang, Director (Age 57)
  • Ms. Julie E. Ungerleider, Managing Director of Global EPC - Global Energy Group
  • Mr. Ismael Guerrero Arias, Corp. VP & Pres of the Energy business (Age 46)
  • Ms. Mary Ma, Sr. Supervisor of Investor Relations

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

36 employees have rated Canadian Solar CEO Shawn X. Qu on Glassdoor.com. Shawn X. Qu has an approval rating of 74% among Canadian Solar's employees.

Who are some of Canadian Solar's key competitors?

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).

What is Canadian Solar's stock symbol?

Canadian Solar trades on the NASDAQ under the ticker symbol "CSIQ."

Who are Canadian Solar's major shareholders?

Canadian Solar's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.53%), Grantham Mayo Van Otterloo & Co. LLC (1.75%), Morgan Stanley (1.11%), Lion Point Capital LP (1.10%), Arrowstreet Capital Limited Partnership (0.73%) and DnB Asset Management AS (0.72%).

Which major investors are selling Canadian Solar stock?

CSIQ stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Amundi Asset Management US Inc., Vontobel Holding Ltd., Lion Point Capital LP, Goldman Sachs Group Inc., Citigroup Inc., Northern Trust Corp, and UBS Group AG.

Which major investors are buying Canadian Solar stock?

CSIQ stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Grantham Mayo Van Otterloo & Co. LLC, Bank of New York Mellon Corp, Reilly Financial Advisors LLC, DnB Asset Management AS, Guinness Asset Management LTD, Voloridge Investment Management LLC, and Harel Insurance Investments & Financial Services Ltd..

How do I buy shares of Canadian Solar?

Shares of CSIQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Canadian Solar's stock price today?

One share of CSIQ stock can currently be purchased for approximately $40.27.

How much money does Canadian Solar make?

Canadian Solar has a market capitalization of $2.42 billion and generates $3.48 billion in revenue each year. The solar energy provider earns $146.70 million in net income (profit) each year or $1.71 on an earnings per share basis.

How many employees does Canadian Solar have?

Canadian Solar employs 12,774 workers across the globe.

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..

When was Canadian Solar founded?

Canadian Solar was founded in 2001.

What is Canadian Solar's official website?

The official website for Canadian Solar is www.canadiansolar.com.

Where are Canadian Solar's headquarters?

Canadian Solar is headquartered at 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, N1K 1E6.

How can I contact Canadian Solar?

Canadian Solar's mailing address is 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, N1K 1E6. The solar energy provider can be reached via phone at 519-837-1881 or via email at [email protected]


This page was last updated on 6/12/2021 by MarketBeat.com Staff
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