NASDAQ:CSIQ

Canadian Solar - CSIQ Stock Forecast, Price & News

$36.84

-0.54 (-1.44%)

(As of 09/23/2022 08:55 PM ET)

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Today's Range: $35.74
▼
$37.31
50-Day Range: $30.16
▼
$47.01
52-Week Range: $22.15
▼
$47.69

Volume: 1.19 million shs
Average Volume: 1.09 million shs
Market Capitalization: $2.36 billion

P/E Ratio: 17.38
Dividend Yield: N/A
Price Target: $43.75

Canadian Solar MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 18.8% Upside
$43.75 Price Target
Short Interest: Healthy
6.87% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 107.89%
From $2.66 to $5.53 Per Share

Overall MarketRank^™

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

1.90 out of 5 stars

Oils/Energy Sector

190th out of 254 stocks

Semiconductors & Related Devices Industry

70th out of 94 stocks

2.0

Analyst's Opinion

Consensus Rating
Canadian Solar has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $43.75, Canadian Solar has a forecasted upside of 18.8% from its current price of $36.84.
Amount of Analyst Coverage
Canadian Solar has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
6.87% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Canadian Solar has recently decreased by 7.22%, indicating that investor sentiment is improving 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.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Canadian Solar this week, compared to 2 articles on an average week.
Search Interest
Only 25 people have searched for CSIQ on MarketBeat in the last 30 days. This is a decrease of -34% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Canadian Solar to their MarketBeat watchlist in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

0.8

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 Institutions
50.21% of the stock of Canadian Solar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Canadian Solar are expected to grow by 107.89% in the coming year, from $2.66 to $5.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Solar is 17.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Solar is 17.38, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 41.46.
Price to Book Value per Share Ratio
Canadian Solar has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued 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, 2021, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 445 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. The company was incorporated in 2001 and is headquartered in Guelph, Canada.

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CSIQ Stock News Headlines

September 23, 2022 | finance.yahoo.com

Canadian Solar (CSIQ) Stock Moves -1.44%: What You Should Know

September 15, 2022 | nz.finance.yahoo.com

Is Most-Watched Stock Canadian Solar Inc. (CSIQ) Worth Betting on Now?

September 13, 2022 | msn.com

2CSIQ : If You Invested $1000 In This Stock 15 Years Ago, You Would Have $5,900 Today

September 13, 2022 | finance.yahoo.com

Canadian Solar's Subsidiary CSI Solar Releases the EP Cube Residential Energy Storage Solution to Power Entire Homes and Provide Complete Power Management Control

September 9, 2022 | finance.yahoo.com

Canadian Solar (CSIQ) Wins 253MWp Solar Project in Chile

September 8, 2022 | msn.com

4 Analysts Have This to Say About Canadian Solar

September 8, 2022 | markets.businessinsider.com

Expert Ratings for Canadian Solar

September 8, 2022 | nasdaq.com

Canadian Solar Inc Shares Approach 52-Week High - Market Mover

September 7, 2022 | finance.yahoo.com

With 53% institutional ownership, Canadian Solar Inc. (NASDAQ:CSIQ) is a favorite amongst the big guns

September 7, 2022 | finance.yahoo.com

Enphase (ENPH) Extends Distribution Alliance With BayWa r.e.

September 2, 2022 | nasdaq.com

October 14th Options Now Available For Canadian Solar (CSIQ)

September 1, 2022 | finance.yahoo.com

Canadian Solar Awarded 253 MWp Solar plus 1,000 MWh Battery Energy Storage Project in Chile Public Tender

September 1, 2022 | finance.yahoo.com

11 Best Solar Stocks to Buy Now

August 31, 2022 | nasdaq.com

First Solar (FSLR) to Invest $1.2B to Boost Production Capacity

August 30, 2022 | nasdaq.com

Is There An Opportunity With Canadian Solar Inc.'s (NASDAQ:CSIQ) 42% Undervaluation?

August 26, 2022 | finance.yahoo.com

The Sun Is Shining on Canadian Solar

August 26, 2022 | finance.yahoo.com

Solar Stocks: Canadian Solar Trades In Buy Zone As This No. 1 Industry Group Strengthens

August 24, 2022 | seekingalpha.com

Canadian Solar: Outstanding Quarter With A $369 Billion Biden Tailwind

August 22, 2022 | finance.yahoo.com

IBD Screen Of The Day: Funds Bullish On Energy Stocks Accumulating These Names

August 19, 2022 | seekingalpha.com

Canadian Solar Inc.'s (CSIQ) CEO Dr. Shawn Qu on Q2 2022 Results - Earnings Call Transcript

August 18, 2022 | seekingalpha.com

Canadian Solar Inc. (CSIQ) CEO Dr. Shawn Qu on Q2 2022 Results - Earnings Call Transcript

August 18, 2022 | finance.yahoo.com

Canadian Solar Raised Revenue Guidance. Its Stock Soared.

August 18, 2022 | seekingalpha.com

Canadian Solar looks set to rally after strong Q2

August 18, 2022 | nasdaq.com

Canadian Solar Inc. Reveals Increase In Q2 Profit, Beats estimates

August 18, 2022 | finance.yahoo.com

Here's Why Canadian Solar Shares Are Trading Higher Premarket

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CSIQ Company Calendar

Last Earnings: 8/18/2022
Today: 9/25/2022
Next Earnings (Estimated): 11/17/2022
Fiscal Year End: 12/31/2022

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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: 13,535
Year Founded: 2001

Price Target and Rating

Average Stock Price Forecast: $43.75
High Stock Price Forecast: $48.00
Low Stock Price Forecast: $38.00
Forecasted Upside/Downside: +18.8%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.12
Trailing P/E Ratio: 17.38
Forward P/E Ratio: 13.85
P/E Growth: N/A
Net Income: $95.25 million
Net Margins: 2.29%
Pretax Margin: 3.35%
Return on Equity: 5.81%
Return on Assets: 1.55%

Debt

Debt-to-Equity Ratio: 0.48
Current Ratio: 1.20
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $5.28 billion
Price / Sales: 0.45
Cash Flow: $5.92 per share
Price / Cash Flow: 6.22
Book Value: $35.44 per share
Price / Book: 1.04

Miscellaneous

Outstanding Shares: 64,151,000
Free Float: N/A
Market Cap: $2.36 billion
Optionable: Optionable
Beta: 1.34

Social Links

Key Executives

Dr. Xiaohua Qu (Age 58)
Chairman, Pres & CEO

Dr. Huifeng Chang (Age 56)
Sr. VP, CFO & Director

Dr. Guoqiang Xing (Age 59)
Sr. VP & CTO

Mr. Ed Job M.Sc.
CFA, Managing Director of Investor Relations

Mr. Jianyi Zhang (Age 64)
Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.

Mr. Yan Zhuang (Age 58)
Director

Ms. Julie E. Ungerleider
Managing Director of Global EPC - Global Energy Group

Mr. Ismael Guerrero Arias (Age 47)
Corp. VP & Pres of the Energy business

Ms. Mary Ma
Sr. Supervisor of Investor Relations

Ms. Zhang Zhang (Age 28)
Director of Investor Relations & Strategic Analysis

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CSIQ Stock - Frequently Asked Questions

Should I buy or sell Canadian Solar stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2022?: 4 brokerages have issued 12-month price objectives for Canadian Solar's stock. Their CSIQ share price forecasts range from $38.00 to $48.00. On average, they predict the company's stock price to reach $43.75 in the next twelve months. This suggests a possible upside of 18.8% 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 2022?: Canadian Solar's stock was trading at $31.29 on January 1st, 2022. Since then, CSIQ stock has increased by 17.7% and is now trading at $36.84.
View the best growth stocks for 2022 here.
When is Canadian Solar's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our CSIQ earnings forecast.
How were Canadian Solar's earnings last quarter?: Canadian Solar Inc. (NASDAQ:CSIQ) issued its quarterly earnings results on Thursday, August, 18th. The solar energy provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.37. The solar energy provider earned $2.31 billion during the quarter, compared to analyst estimates of $2.23 billion. Canadian Solar had a net margin of 2.29% and a trailing twelve-month return on equity of 5.81%. The business's quarterly revenue was up 61.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS.
What guidance has Canadian Solar issued on next quarter's earnings?: Canadian Solar issued an update on its third quarter 2022 earnings guidance on Thursday, September, 15th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.00 billion-$2.10 billion, compared to the consensus revenue estimate of $1.95 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 variety of retail and institutional investors. Top institutional investors include Grantham Mayo Van Otterloo & Co. LLC (6.76%), Mackenzie Financial Corp (4.55%), Handelsbanken Fonder AB (2.02%), Group One Trading L.P. (0.00%), Guinness Asset Management LTD (1.37%) and DnB Asset Management AS (1.23%).
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 $36.84.
How much money does Canadian Solar make?: Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $2.36 billion and generates $5.28 billion in revenue each year. The solar energy provider earns $95.25 million in net income (profit) each year or $2.12 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 9/26/2022 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