Canadian Solar Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Canadian Solar stock.
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Canadian Solar is scheduled to release its next quarterly earnings announcement on Thursday, May 20th 2021.
View our earnings forecast for Canadian Solar.

Canadian Solar will be holding an earnings conference call on Thursday, May 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Canadian Solar Inc. (NASDAQ:CSIQ) posted its quarterly earnings data on Wednesday, March, 17th. The solar energy provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.66. The solar energy provider earned $1.04 billion during the quarter, compared to the consensus estimate of $997.86 million. Canadian Solar had a net margin of 6.19% and a trailing twelve-month return on equity of 10.28%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share.
View Canadian Solar's earnings history.

Canadian Solar's stock was trading at $17.89 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CSIQ shares have increased by 104.7% and is now trading at $36.62.
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Canadian Solar announced that its Board of Directors has authorized a share buyback program on Monday, December 9th 2019, which permits the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 13% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Canadian Solar updated its FY 2021 Pre-Market earnings guidance on Thursday, March, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.6-6 billion, compared to the consensus revenue estimate of $4.93 billion.

8 analysts have issued 1 year price targets for Canadian Solar's shares. Their forecasts range from $22.00 to $71.00. On average, they anticipate Canadian Solar's stock price to reach $51.56 in the next year. This suggests a possible upside of 40.8% 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), AU Optronics (AUOTY), Sumco (SUOPY), Lattice Semiconductor (LSCC), BE Semiconductor Industries (BESIY), Dialog Semiconductor (DLGNF), Silicon Laboratories (SLAB), Daqo New Energy (DQ), Amkor Technology (AMKR), Power Integrations (POWI), CMC Materials (CCMP), Allegro MicroSystems (ALGM), Synaptics (SYNA), Cirrus Logic (CRUS) and Semtech (SMTC).
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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.53%), Grantham Mayo Van Otterloo & Co. LLC (1.75%), Arrowstreet Capital Limited Partnership (0.73%), DnB Asset Management AS (0.72%), Guinness Asset Management LTD (0.64%) and Handelsbanken Fonder AB (0.51%).

CSIQ stock was sold by a variety of institutional investors in the last quarter, including Vontobel Holding Ltd., Citigroup Inc., Northern Trust Corp, UBS Group AG, BNP Paribas Arbitrage SA, Alliancebernstein L.P., Russell Investments Group Ltd., and Vident Investment Advisory LLC.

CSIQ stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Grantham Mayo Van Otterloo & Co. LLC, Bank of New York Mellon Corp, Reilly Financial Advisors LLC, DnB Asset Management AS, Guinness Asset Management LTD, Harel Insurance Investments & Financial Services Ltd., and Handelsbanken Fonder AB.

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 $36.62.

Canadian Solar has a market capitalization of $2.19 billion and generates $3.20 billion in revenue each year. The solar energy provider earns $171.59 million in net income (profit) each year or $2.19 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]