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NASDAQ:CSIQ

Canadian Solar Stock Forecast, Price & News

$40.21
+0.38 (+0.95 %)
(As of 11/24/2020 11:57 AM ET)
Add
Compare
Today's Range
$38.64
Now: $40.21
$41.27
50-Day Range
$35.70
MA: $38.93
$44.12
52-Week Range
$12.00
Now: $40.21
$44.86
Volume77,885 shs
Average Volume1.45 million shs
Market Capitalization$2.39 billion
P/E Ratio11.66
Dividend YieldN/A
Beta1.44
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company's primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada.
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Canadian Solar logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 4.4 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:CSIQ
CUSIPN/A
Phone519-837-1881
Employees13,478

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.20 billion
Cash Flow$5.15 per share
Book Value$24.00 per share

Profitability

Net Income$171.59 million

Miscellaneous

Market Cap$2.39 billion
Next Earnings Date3/25/2021 (Estimated)
OptionableOptionable
$40.21
+0.38 (+0.95 %)
(As of 11/24/2020 11:57 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Canadian Solar (NASDAQ:CSIQ) Frequently Asked Questions

How has Canadian Solar's stock price been impacted by COVID-19?

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 stock has increased by 128.5% and is now trading at $40.88.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Canadian Solar?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Canadian Solar
.

What stocks does MarketBeat like better than Canadian Solar?

Wall Street analysts have given Canadian Solar a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Canadian Solar wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Canadian Solar's next earnings date?

Canadian Solar is scheduled to release its next quarterly earnings announcement on Thursday, March 25th 2021.
View our earnings forecast for Canadian Solar
.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) announced its quarterly earnings results on Wednesday, November, 18th. The solar energy provider reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.20. The solar energy provider had revenue of $914.36 million for the quarter, compared to analysts' expectations of $860.54 million. Canadian Solar had a net margin of 6.19% and a return on equity of 10.85%. During the same quarter in the prior year, the firm earned $0.96 EPS.
View Canadian Solar's earnings history
.

How will Canadian Solar's stock buyback program work?

Canadian Solar announced that its Board of Directors has approved a share repurchase plan on Monday, December 9th 2019, which allows the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 13% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

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

Canadian Solar updated its fourth quarter 2020 Pre-Market earnings guidance on Thursday, November, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $980M - 1.015 billion, compared to the consensus revenue estimate of $1.148 billion.

What price target have analysts set for CSIQ?

5 analysts have issued 1 year price objectives for Canadian Solar's stock. Their forecasts range from $22.00 to $50.00. On average, they anticipate Canadian Solar's share price to reach $39.80 in the next year. This suggests that the stock has a possible downside of 2.6%.
View analysts' price targets for Canadian Solar
.

Who are some of Canadian Solar's key competitors?

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).

Who are Canadian Solar's key executives?

Canadian Solar's management team includes the following people:
  • Dr. Xiaohua Qu, Chairman & CEO (Age 56)
  • Mr. Yan Zhuang, Director (Age 56)
  • Dr. Huifeng Chang, Sr. VP, CFO & Director (Age 54)
  • Dr. Guoqiang Xing, Sr. VP & CTO (Age 57)
  • Mr. Ed Job CFA, Managing Director of Investor Relations
  • Mr. Jianyi Zhang, Sr. VP, Gen. Counsel & Chief Compliance Officer (Age 62)
  • Ms. Julie E. Ungerleider, Managing Director of Global EPC - Global Energy Group
  • Mr. Ismael Guerrero Arias, Corp. VP & Pres of the Energy business (Age 45)
  • Ms. Mary Ma, Sr. Supervisor of Investor Relations

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.44%), Lion Point Capital LP (5.60%), Morgan Stanley (2.71%), Connor Clark & Lunn Investment Management Ltd. (0.92%), Ovata Capital Management Ltd (0.84%) and State Street Corp (0.48%).

Which major investors are selling Canadian Solar stock?

CSIQ stock was sold by a variety of institutional investors in the last quarter, including Lion Point Capital LP, Connor Clark & Lunn Investment Management Ltd., Assenagon Asset Management S.A., Acadian Asset Management LLC, AXA S.A., Cubist Systematic Strategies LLC, Hussman Strategic Advisors Inc., and ClariVest Asset Management LLC.

Which major investors are buying Canadian Solar stock?

CSIQ stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Ovata Capital Management Ltd, Morgan Stanley, Voloridge Investment Management LLC, Great West Life Assurance Co. Can, DNB Asset Management AS, Point72 Asset Management L.P., and Key Group Holdings Cayman LTD..

How do I buy shares of Canadian Solar?

Shares of CSIQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Canadian Solar's stock price today?

One share of CSIQ stock can currently be purchased for approximately $40.88.

How big of a company is Canadian Solar?

Canadian Solar has a market capitalization of $2.43 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 13,478 workers across the globe.

What is Canadian Solar's official website?

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

How can I contact Canadian Solar?

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]

This page was last updated on 11/24/2020 by MarketBeat.com Staff

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