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The "Plug and Play" Model Putting Online Giants to Shame (Ad)
AI Race Accelerates with Amazon's Investment In Anthropic
US consumer confidence tumbles in September as American anxiety about the future grows
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Stocks That Really, Really Need the Defense Bill to Pass
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Stock market today: World shares mixed after Wall Street retreat deepens
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
AI Race Accelerates with Amazon's Investment In Anthropic
US consumer confidence tumbles in September as American anxiety about the future grows
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Stocks That Really, Really Need the Defense Bill to Pass
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Stock market today: World shares mixed after Wall Street retreat deepens
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
AI Race Accelerates with Amazon's Investment In Anthropic
US consumer confidence tumbles in September as American anxiety about the future grows
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Stocks That Really, Really Need the Defense Bill to Pass
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Stock market today: World shares mixed after Wall Street retreat deepens
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
AI Race Accelerates with Amazon's Investment In Anthropic
US consumer confidence tumbles in September as American anxiety about the future grows
NASDAQ:CSIQ

Canadian Solar (CSIQ) Stock Forecast, Price & News

$25.14
-0.06 (-0.24%)
(As of 09/26/2023 ET)
Compare
Today's Range
$24.87
$25.78
50-Day Range
$25.14
$37.71
52-Week Range
$24.87
$45.29
Volume
798,384 shs
Average Volume
879,876 shs
Market Capitalization
$1.62 billion
P/E Ratio
4.33
Dividend Yield
N/A
Price Target
$46.14

Canadian Solar MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
83.5% Upside
$46.14 Price Target
Short Interest
Bearish
8.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.97mentions of Canadian Solar in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.77%
From $6.21 to $6.32 Per Share

Overall MarketRank

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

2.52 out of 5 stars

Oils/Energy Sector

72nd out of 245 stocks

Semiconductors & Related Devices Industry

32nd out of 86 stocks


CSIQ stock logo

About Canadian Solar (NASDAQ:CSIQ) Stock

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 Price History

CSIQ Stock News Headlines

The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Canadian Solar (CSIQ) Launches EP Cube Lite in North America
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Wells Fargo Keeps Their Hold Rating on Canadian Solar (CSIQ)
The Latest Analyst Ratings for Canadian Solar
Q2 2023 Canadian Solar Inc Earnings Call
See More Headlines
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CSIQ Company Calendar

Last Earnings
8/22/2023
Today
9/27/2023
Next Earnings (Estimated)
11/28/2023
Fiscal Year End
12/31/2023

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 Forecast
$46.14
High Stock Price Forecast
$68.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+83.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$239.97 million
Pretax Margin
7.62%

Debt

Sales & Book Value

Annual Sales
$7.47 billion
Cash Flow
$7.20 per share
Book Value
$35.96 per share

Miscellaneous

Free Float
50,637,000
Market Cap
$1.62 billion
Optionable
Optionable
Beta
1.40

Social Links

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Key Executives

  • Dr. Xiaohua Qu (Age 59)
    Chairman, Pres & CEO
  • Dr. Huifeng Chang (Age 57)
    Sr. VP, CFO & Director
  • Dr. Guoqiang Xing (Age 60)
    Sr. 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)
    Corp. VP & Pres of the Energy business
  • Mr. Kah Locke Tham
    Corp. Sec. & Corp. Controller
  • Ms. Mary Ma
    Sr. Supervisor of Investor Relations
  • Ms. Zhang Zhang (Age 29)
    Director of Investor Relations & Strategic Analysis













CSIQ Stock - 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 twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CSIQ shares.
View CSIQ analyst ratings
or view top-rated stocks.

What is Canadian Solar's stock price forecast for 2023?

7 brokers have issued 1-year target prices for Canadian Solar's shares. Their CSIQ share price forecasts range from $30.00 to $68.00. On average, they anticipate the company's share price to reach $46.14 in the next year. This suggests a possible upside of 83.5% 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 stock has decreased by 18.6% and is now trading at $25.14.
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, November 28th 2023.
View our CSIQ earnings forecast
.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) issued its earnings results on Tuesday, August, 22nd. The solar energy provider reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.87. The solar energy provider earned $2.36 billion during the quarter, compared to analysts' expectations of $2.49 billion. Canadian Solar had a trailing twelve-month return on equity of 15.92% and a net margin of 5.14%. Canadian Solar's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share.

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

Canadian Solar issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.90 billion-$2.10 billion, compared to the consensus revenue estimate of $2.47 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 investors include BlackRock Inc. (7.54%), Mackenzie Financial Corp (3.85%), Handelsbanken Fonder AB (2.84%), Schroder Investment Management Group (1.83%), Guinness Asset Management LTD (1.61%) and Acadian Asset Management LLC (1.15%).

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 $25.14.

How much money does Canadian Solar make?

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $1.62 billion and generates $7.47 billion in revenue each year. The solar energy provider earns $239.97 million in net income (profit) each year or $5.81 on an earnings per share basis.

How many employees does Canadian Solar have?

The company employs 18,423 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 9/27/2023 by MarketBeat.com Staff

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