Canadian Solar Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 2 hold ratings and 5 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.

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.
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Canadian Solar is scheduled to release its next quarterly earnings announcement on Thursday, August 12th 2021.
View our earnings forecast for Canadian Solar.

Canadian Solar will be holding an earnings conference call on Thursday, August 12th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 646-254-3697 with passcode "9437597".

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

Canadian Solar's stock was trading at $17.89 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CSIQ shares have increased by 112.7% and is now trading at $38.06.
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Canadian Solar announced that its board has authorized a share repurchase program on Monday, December 9th 2019, which authorizes the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 13% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Canadian Solar updated its second quarter 2021 earnings guidance on Tuesday, June, 15th. The company provided EPS 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.

7 brokers have issued 1-year target prices for Canadian Solar's shares. Their forecasts range from $47.00 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 41.9% from the stock's current price.
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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.

Some companies that are related to Canadian Solar include First Solar (FSLR), Lattice Semiconductor (LSCC), Sumco (SUOPY), AU Optronics (AUOTY), BE Semiconductor Industries (BESIY), Silicon Laboratories (SLAB), Amkor Technology (AMKR), Dialog Semiconductor (DLGNF), Synaptics (SYNA), Power Integrations (POWI), Allegro MicroSystems (ALGM), Cirrus Logic (CRUS), Shoals Technologies Group (SHLS), Daqo New Energy (DQ) and CMC Materials (CCMP).
View all of CSIQ's competitors.

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).

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

Canadian Solar's stock is owned by a number of retail and institutional investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (0.04%).

CSIQ stock was sold by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd..

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.
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One share of CSIQ stock can currently be purchased for approximately $38.06.

Canadian Solar has a market capitalization of $2.28 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.

Canadian Solar employs 12,774 workers across the globe.

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..

Canadian Solar was founded in 2001.

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

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

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]