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: 0.97
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

3.3

Analyst's Opinion

Consensus Rating
Canadian Solar has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $46.14, Canadian Solar has a forecasted upside of 83.5% from its current price of $25.14.
Amount of Analyst Coverage
Canadian Solar has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.43% of the float of Canadian Solar has been sold short.
Short Interest Ratio / Days to Cover
Canadian Solar has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Canadian Solar has recently increased by 10.00%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Canadian Solar does not currently pay a dividend.
Dividend Growth
Canadian Solar does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CSIQ.

3.3

News and Social Media Coverage

News Sentiment
Canadian Solar has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Canadian Solar this week, compared to 5 articles on an average week.
Search Interest
Only 14 people have searched for CSIQ on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.
MarketBeat Follows
13 people have added Canadian Solar to their MarketBeat watchlist in the last 30 days. This is an increase of 333% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Solar insiders have not sold or bought any company stock.
Percentage Held by Insiders
21.50% of the stock of Canadian Solar is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
50.35% of the stock of Canadian Solar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Canadian Solar are expected to grow by 1.77% in the coming year, from $6.21 to $6.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Solar is 4.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Solar is 4.33, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.21.
Price to Book Value per Share Ratio
Canadian Solar has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

CSIQ Stock News Headlines

September 25, 2023 | seekingalpha.com

Canadian Solar: Panel Manufacturers Not Likely To Be Good Long-Term Compounders

September 21, 2023 | finance.yahoo.com

Why Is Canadian Solar (CSIQ) Down 1.4% Since Last Earnings Report?

September 27, 2023 | Wall Street Fundamentals (Ad)

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."

September 20, 2023 | finance.yahoo.com

Canadian Solar Enters into Significant Supply Contracts During the 2023 U.S. RE+ Trade Show

September 19, 2023 | msn.com

Canadian Solar secures $200M financing for Texas solar project

September 19, 2023 | finance.yahoo.com

Recurrent Energy Closes $120 Million in Project Financing and $80 Million in Tax Equity for 134 MW MISO South Project

September 19, 2023 | finance.yahoo.com

Returns On Capital At Canadian Solar (NASDAQ:CSIQ) Paint A Concerning Picture

September 14, 2023 | finance.yahoo.com

Canadian Solar (CSIQ) Launches EP Cube Lite in North America

September 27, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

September 14, 2023 | markets.businessinsider.com

Wells Fargo Keeps Their Hold Rating on Canadian Solar (CSIQ)

September 12, 2023 | msn.com

Canadian Solar rolls out new grid-tied residential energy storage solution

September 12, 2023 | finance.yahoo.com

Canadian Solar Introduces EP Cube Lite, a New Grid-Tied Residential Energy Storage Solution at RE+ in Las Vegas

September 12, 2023 | seekingalpha.com

Canadian Solar: Renewable Energy Growth Story Priced Like A Value Stock?

September 11, 2023 | finance.yahoo.com

Canadian Solar Receives DNV Endorsement for Cutting-Edge TOPCon Modules: Enhancing Reliability and Lowering LCOE

September 1, 2023 | finance.yahoo.com

Canadian Solar (CSIQ) Arm Secures $112M Fund for 160MW Project

August 31, 2023 | finance.yahoo.com

Harnessing the Sun: Why JinkoSolar and Canadian Solar Are Shining

August 31, 2023 | finance.yahoo.com

Harnessing the Sun's Potential: Why JinkoSolar and Canadian Solar Are Shining

August 31, 2023 | finance.yahoo.com

Recurrent Energy Closes $112 Million in Project Financing, Announces Oklahoma Municipal Power Authority as Customer for 160 MW Oklahoma Solar Project

August 30, 2023 | msn.com

UBS Maintains Canadian Solar (CSIQ) Buy Recommendation

August 23, 2023 | msn.com

Oppenheimer Reiterates Canadian Solar (CSIQ) Outperform Recommendation

August 23, 2023 | finance.yahoo.com

Canadian Solar Inc. (NASDAQ:CSIQ) Q2 2023 Earnings Call Transcript

August 23, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Canadian Solar

August 23, 2023 | seekingalpha.com

Canadian Solar Q2 Earnings: Selloff Overdone, Stock Attractively Priced

August 23, 2023 | finance.yahoo.com

15 Most Undervalued Tech Stocks To Buy According To Hedge Funds

August 23, 2023 | finance.yahoo.com

Q2 2023 Canadian Solar Inc Earnings Call

August 22, 2023 | msn.com

Canadian Solar (NASDAQ:CSIQ) Clouds Over After Earnings Report

August 22, 2023 | msn.com

Lowe's, Fabrinet rise; Macy's, Canadian Solar fall, Tuesday, 8/22/2023

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

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:CSIQ
CUSIP: N/A
CIK: 1375877
Web: www.canadiansolar.com
Phone: (519) 837-1881
Fax: 519-837-2550
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

EPS (Most Recent Fiscal Year): $5.81
Trailing P/E Ratio: 4.33
Forward P/E Ratio: 4.05
P/E Growth: N/A
Net Income: $239.97 million
Net Margins: 5.14%
Pretax Margin: 7.62%
Return on Equity: 15.92%
Return on Assets: 4.23%

Debt

Debt-to-Equity Ratio: 0.36
Current Ratio: 1.22
Quick Ratio: 0.96

Sales & Book Value

Annual Sales: $7.47 billion
Price / Sales: 0.22
Cash Flow: $7.20 per share
Price / Cash Flow: 3.49
Book Value: $35.96 per share
Price / Book: 0.70

Miscellaneous

Outstanding Shares: 64,510,000
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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 ETFs hold Canadian Solar's stock?: ETFs with the largest weight of Canadian Solar (NASDAQ:CSIQ) stock in their portfolio include SmartETFs Sustainable Energy II ETF (SOLR), ProShares S&P Kensho Cleantech ETF (CTEX), Subversive Decarbonization ETF (DKRB), Invesco Solar ETF (TAN), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG) and SPDR S&P Kensho Clean Power ETF (CNRG).
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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Canadian Solar (CSIQ) Stock Forecast, Price & News

Canadian Solar MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canadian Solar (NASDAQ:CSIQ) Stock

CSIQ Price History

CSIQ Stock News Headlines

CSIQ Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

CSIQ Stock - Frequently Asked Questions

Overall MarketRank^™