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S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Li Auto smashes estimates proving EVs can be profitable
Get ready for Christmas shopping-sprees with these 2 winners
S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Li Auto smashes estimates proving EVs can be profitable
Get ready for Christmas shopping-sprees with these 2 winners
S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Li Auto smashes estimates proving EVs can be profitable
Get ready for Christmas shopping-sprees with these 2 winners

Canadian Solar Stock Price, News & Analysis (NASDAQ:CSIQ)

$20.68
+0.41 (+2.02%)
(As of 11/28/2023 ET)
Compare
Today's Range
$19.75
$20.76
50-Day Range
$19.21
$26.84
52-Week Range
$17.82
$45.29
Volume
964,004 shs
Average Volume
1.18 million shs
Market Capitalization
$1.33 billion
P/E Ratio
4.13
Dividend Yield
N/A
Price Target
$37.75

Canadian Solar MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
82.5% Upside
$37.75 Price Target
Short Interest
Bearish
9.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of Canadian Solar in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-21.88%
From $4.16 to $3.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Oils/Energy Sector

89th out of 236 stocks

Semiconductors & Related Devices Industry

27th out of 85 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

Canadian Solar to build $800 million solar panel factory in southeastern Indiana, employ about 1,200
Ontario-based Canadian Solar Inc. has announced plans to build an $800 million solar panel factory in southeastern Indiana that will employ about 1,200 workers once production is fully ramped up
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
CSIQ Canadian Solar Inc.
Canadian Solar (NASDAQ:CSIQ) Price Target Cut to $36.00
Canadian Solar (NASDAQ:CSIQ) Downgraded by JPMorgan Chase & Co.
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
JP Morgan Downgrades Canadian Solar (CSIQ)
What 7 Analyst Ratings Have To Say About Canadian Solar
Q3 2023 Canadian Solar Inc Earnings Call
Canadian Solar (CSIQ) Q3 Earnings Miss, Revenues Fall Y/Y
Why Canadian Solar Shares Are Trading Lower Today
Canadian Solar Reports Third Quarter 2023 Results
Canadian Solar Q3 2023 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
11/14/2023
Today
11/28/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/19/2024

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
$37.75
High Stock Price Target
$51.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+82.5%
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
$7.33 per share
Book Value
$35.96 per share

Miscellaneous

Free Float
50,637,000
Market Cap
$1.33 billion
Optionable
Optionable
Beta
1.49

Social Links

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Key Executives

  • Dr. Xiaohua Qu (Age 59)
    Chairman, President & CEO
  • Dr. Huifeng Chang (Age 57)
    Senior VP, CFO & Director
  • Dr. Guoqiang Xing (Age 60)
    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 59)
    Director
  • Mr. Ismael Guerrero Arias (Age 48)
    Corporate VP & President of the Energy business
  • Mr. Kah Locke Tham
    Corporate Secretary & Corporate Controller
  • Ms. Mary Ma
    Senior Supervisor of Investor Relations
  • Ms. Zhang Zhang (Age 29)
    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 equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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 twelve-month price objectives for Canadian Solar's shares. Their CSIQ share price targets range from $22.00 to $51.00. On average, they predict the company's stock price to reach $37.75 in the next year. This suggests a possible upside of 82.5% 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 2023?

Canadian Solar's stock was trading at $30.90 at the beginning of 2023. Since then, CSIQ shares have decreased by 33.1% and is now trading at $20.68.
View the best growth stocks for 2023 here
.

When is Canadian Solar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 19th 2024.
View our CSIQ earnings forecast
.

How were Canadian Solar's earnings last quarter?

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

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 retail and institutional investors. Top institutional investors include Grantham Mayo Van Otterloo & Co. LLC (5.83%), Mackenzie Financial Corp (4.82%), Invesco Ltd. (2.93%), Handelsbanken Fonder AB (2.48%), Schroder Investment Management Group (2.11%) and Guinness Asset Management LTD (1.73%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 11/29/2023 by MarketBeat.com Staff

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