S&P 500   4,194.92 (+0.36%)
DOW   32,887.59 (-0.06%)
QQQ   347.89 (-0.03%)
AAPL   178.25 (+0.56%)
MSFT   327.57 (-0.25%)
META   269.90 (+1.96%)
GOOGL   123.10 (+0.19%)
AMZN   120.94 (+0.30%)
TSLA   201.79 (-1.05%)
NVDA   386.83 (+2.24%)
NIO   7.28 (-3.32%)
BABA   81.86 (+2.90%)
AMD   117.31 (-0.76%)
T   15.72 (-0.06%)
F   11.96 (-0.33%)
MU   68.42 (+0.32%)
CGC   0.83 (-0.81%)
GE   103.26 (+1.70%)
DIS   88.05 (+0.10%)
AMC   4.57 (+1.56%)
PFE   38.10 (+0.21%)
PYPL   62.64 (+1.05%)
NFLX   399.00 (+0.95%)
S&P 500   4,194.92 (+0.36%)
DOW   32,887.59 (-0.06%)
QQQ   347.89 (-0.03%)
AAPL   178.25 (+0.56%)
MSFT   327.57 (-0.25%)
META   269.90 (+1.96%)
GOOGL   123.10 (+0.19%)
AMZN   120.94 (+0.30%)
TSLA   201.79 (-1.05%)
NVDA   386.83 (+2.24%)
NIO   7.28 (-3.32%)
BABA   81.86 (+2.90%)
AMD   117.31 (-0.76%)
T   15.72 (-0.06%)
F   11.96 (-0.33%)
MU   68.42 (+0.32%)
CGC   0.83 (-0.81%)
GE   103.26 (+1.70%)
DIS   88.05 (+0.10%)
AMC   4.57 (+1.56%)
PFE   38.10 (+0.21%)
PYPL   62.64 (+1.05%)
NFLX   399.00 (+0.95%)
S&P 500   4,194.92 (+0.36%)
DOW   32,887.59 (-0.06%)
QQQ   347.89 (-0.03%)
AAPL   178.25 (+0.56%)
MSFT   327.57 (-0.25%)
META   269.90 (+1.96%)
GOOGL   123.10 (+0.19%)
AMZN   120.94 (+0.30%)
TSLA   201.79 (-1.05%)
NVDA   386.83 (+2.24%)
NIO   7.28 (-3.32%)
BABA   81.86 (+2.90%)
AMD   117.31 (-0.76%)
T   15.72 (-0.06%)
F   11.96 (-0.33%)
MU   68.42 (+0.32%)
CGC   0.83 (-0.81%)
GE   103.26 (+1.70%)
DIS   88.05 (+0.10%)
AMC   4.57 (+1.56%)
PFE   38.10 (+0.21%)
PYPL   62.64 (+1.05%)
NFLX   399.00 (+0.95%)
S&P 500   4,194.92 (+0.36%)
DOW   32,887.59 (-0.06%)
QQQ   347.89 (-0.03%)
AAPL   178.25 (+0.56%)
MSFT   327.57 (-0.25%)
META   269.90 (+1.96%)
GOOGL   123.10 (+0.19%)
AMZN   120.94 (+0.30%)
TSLA   201.79 (-1.05%)
NVDA   386.83 (+2.24%)
NIO   7.28 (-3.32%)
BABA   81.86 (+2.90%)
AMD   117.31 (-0.76%)
T   15.72 (-0.06%)
F   11.96 (-0.33%)
MU   68.42 (+0.32%)
CGC   0.83 (-0.81%)
GE   103.26 (+1.70%)
DIS   88.05 (+0.10%)
AMC   4.57 (+1.56%)
PFE   38.10 (+0.21%)
PYPL   62.64 (+1.05%)
NFLX   399.00 (+0.95%)
NASDAQ:CSIQ

Canadian Solar (CSIQ) Stock Forecast, Price & News

$40.25
-1.55 (-3.71%)
(As of 10:34 AM ET)
Compare
Today's Range
$39.95
$41.92
50-Day Range
$35.36
$43.56
52-Week Range
$26.86
$47.69
Volume
579,895 shs
Average Volume
1.10 million shs
Market Capitalization
$2.64 billion
P/E Ratio
8.96
Dividend Yield
N/A
Price Target
$47.20

Canadian Solar MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.9% Upside
$47.20 Price Target
Short Interest
Healthy
6.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.68mentions of Canadian Solar in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.10%
From $5.63 to $6.48 Per Share

Overall MarketRank

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

2.50 out of 5 stars

Oils/Energy Sector

168th out of 249 stocks

Semiconductors & Related Devices Industry

52nd out of 89 stocks


CSIQ stock logo

About Canadian Solar (NASDAQ:CSIQ) Stock

Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules, provision of solar energy and battery storage solutions, and development of utility-scale solar and battery storage products. It operates through the CSI Solar and Global Energy segments. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. The Global Energy segment includes solar and battery storage project development and sale, asset management services for operational projects, sale of electricity, and investment in retained assets. The company was founded by Shawn Qu in October 2001 and is headquartered in Guelph, Canada.

Receive CSIQ Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Canadian Solar and its competitors with MarketBeat's FREE daily newsletter.

CSIQ Stock News Headlines

MarketBeat Week in Review – 5/22 - 5/26 (CSIQ)
The debt ceiling standoff and inflation continue to fight for investors’ attention as we head into what is historically a quieter period for the markets
Solar Panel Demand Makes Canadian Solar a Buy-the-Dip Opportunity
Canadian Solar stock is climbing after a bullish earnings report in which it increased its guidance for the quarter and year.based on its backlog of projects
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
First Solar Rises to a 15-Year High on Sunny Takeover Deal (CSIQ)
First Solar is shining again, trading at its highest level since 2008 thanks to an astute buyout and positive regulatory news.
ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
3 Profitable Small-Cap Growth Stocks to Buy Now
Canadian Solar (CSIQ) Receives a Sell from Goldman Sachs
Q1 2023 Canadian Solar Inc Earnings Call
Citi Sticks to Their Hold Rating for Canadian Solar (CSIQ)
Canadian Solar 1Q EPS $1.19 >CSIQ
See More Headlines

CSIQ Price History

CSIQ Company Calendar

Last Earnings
5/18/2023
Today
6/01/2023
Next Earnings (Estimated)
8/17/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CSIQ
Employees
13,535
Year Founded
2001

Price Target and Rating

Average Stock Price Forecast
$47.20
High Stock Price Forecast
$68.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+12.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$239.97 million
Pretax Margin
6.09%

Debt

Sales & Book Value

Annual Sales
$7.92 billion
Cash Flow
$7.10 per share
Book Value
$37.65 per share

Miscellaneous

Free Float
50,753,000
Market Cap
$2.70 billion
Optionable
Optionable
Beta
1.46

Social Links


Key Executives

  • Shawn Qu
    Chairman, President & Chief Executive Officer
  • Hui Feng Chang
    Chief Financial Officer, Director & Senior VP
  • Jian Yi Zhang
    Chief Compliance Officer, SVP & General Counsel
  • Ismael Guerrero-Arias
    Vice President & President-Energy Group
  • Thomas Koerner
    Vice President-Modules & Systems Business Unit













CSIQ Stock - Frequently Asked Questions

Should I buy or sell Canadian Solar stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023?

5 Wall Street research analysts have issued 12 month target prices for Canadian Solar's stock. Their CSIQ share price forecasts range from $36.00 to $68.00. On average, they predict the company's share price to reach $47.20 in the next year. This suggests a possible upside of 12.9% 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 2023?

Canadian Solar's stock was trading at $30.90 at the beginning of 2023. Since then, CSIQ shares have increased by 35.3% and is now trading at $41.80.
View the best growth stocks for 2023 here
.

Are investors shorting Canadian Solar?

Canadian Solar saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,560,000 shares, a drop of 7.0% from the April 30th total of 3,830,000 shares. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is currently 3.4 days. Currently, 7.0% of the shares of the company are short sold.
View Canadian Solar's Short Interest
.

When is Canadian Solar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our CSIQ earnings forecast
.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) posted its quarterly earnings data on Thursday, May, 18th. The solar energy provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.71. The solar energy provider had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.71 billion. Canadian Solar had a net margin of 3.97% and a trailing twelve-month return on equity of 14.02%. The business's revenue was up 36.1% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share.

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

Canadian Solar issued an update on its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.40 billion-$2.60 billion, compared to the consensus revenue estimate of $2.31 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).

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 shareholders include BlackRock Inc. (7.39%), Grantham Mayo Van Otterloo & Co. LLC (4.56%), Mackenzie Financial Corp (3.22%), Handelsbanken Fonder AB (2.92%), Group One Trading L.P. (0.00%) and Guinness Asset Management LTD (1.61%).

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.

What is Canadian Solar's stock price today?

One share of CSIQ stock can currently be purchased for approximately $41.80.

How much money does Canadian Solar make?

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $2.70 billion and generates $7.92 billion in revenue each year. The solar energy provider earns $239.97 million in net income (profit) each year or $4.49 on an earnings per share basis.

How many employees does Canadian Solar have?

The company employs 13,535 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..
Read More
How can I contact Canadian Solar?

Canadian Solar's mailing address is 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, N1K 1E6. The official website for the company is www.canadiansolar.com. The solar energy provider can be reached via phone at (519) 837-1881, via email at investor@canadiansolar.com, or via fax at 519-837-2550.

This page (NASDAQ:CSIQ) was last updated on 6/1/2023 by MarketBeat.com Staff

My Account -