Canadian Solar Inc, together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems.
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Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorOils/Energy
Phone519-837-1881
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.74 billion
Profitability
Miscellaneous
Employees12,442
Next Earnings Date3/19/2020 (Estimated)
OptionableOptionable
Canadian Solar (NASDAQ:CSIQ) Frequently Asked Questions
What is Canadian Solar's stock symbol?
Canadian Solar trades on the NASDAQ under the ticker symbol "CSIQ."
How will Canadian Solar's stock buyback program work?
Canadian Solar announced that its Board of Directors has authorized a stock buyback plan on Monday, December 9th 2019, which permits the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 13% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.
How were Canadian Solar's earnings last quarter?
Canadian Solar Inc. (NASDAQ:CSIQ) released its earnings results on Tuesday, November, 12th. The solar energy provider reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.88 by $0.22. The solar energy provider had revenue of $759.90 million for the quarter, compared to the consensus estimate of $799.55 million. Canadian Solar had a return on equity of 12.91% and a net margin of 6.77%. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 earnings per share. View Canadian Solar's Earnings History.
When is Canadian Solar's next earnings date?
What guidance has Canadian Solar issued on next quarter's earnings?
Canadian Solar updated its FY 2019
After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $$3.13-3.16 billion, compared to the consensus revenue estimate of $$3.63 billion.
What price target have analysts set for CSIQ?
5 brokerages have issued 1-year target prices for Canadian Solar's shares. Their forecasts range from $25.00 to $32.00. On average, they anticipate Canadian Solar's share price to reach $29.00 in the next year. This suggests a possible upside of 26.1% from the stock's current price. View Analyst Price Targets for Canadian Solar.
What is the consensus analysts' recommendation for Canadian Solar?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canadian Solar.
Has Canadian Solar been receiving favorable news coverage?
Media stories about CSIQ stock have trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Canadian Solar earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news coverage about the solar energy provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Canadian Solar.
Are investors shorting Canadian Solar?
Canadian Solar saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 3,060,000 shares, a decline of 9.2% from the January 15th total of 3,370,000 shares. Based on an average daily volume of 939,800 shares, the short-interest ratio is presently 3.3 days. Currently, 6.7% of the company's shares are sold short. View Canadian Solar's Current Options Chain.
Who are some of Canadian Solar's key competitors?
Some companies that are related to Canadian Solar include Cree (CREE), SUMCO CORP/ADR (SUOPY), Cabot Microelectronics (CCMP), Cirrus Logic (CRUS), Silicon Laboratories (SLAB), Inphi (IPHI), BE Semiconductor Industrs (BESIY), Viavi Solutions (VIAV), AU Optronics (AUOTY), Dialog Semiconductor (DLGNF), AU Optronics (AUO), Semtech (SMTC), Amkor Technology (AMKR), Power Integrations (POWI) and Acacia Communications (ACIA).
What other stocks do shareholders of Canadian Solar own?
Who are Canadian Solar's key executives?
Canadian Solar's management team includes the folowing people:
- Dr. Xiaohua Qu, Chairman, Pres & CEO (Age 55)
- Mr. Arthur Chien, Sr. VP, Chief Strategy Officer & Pres of Energy Bus. (Age 58)
- Mr. Yan Zhuang, Sr. VP, Chief Commercial Officer and Pres of Modules & Systems Solutions Bus. (Age 55)
- Dr. Huifeng Chang, Sr. VP & CFO (Age 53)
- Mr. Guangchun Zhang, Sr. VP & COO (Age 62)
Who are Canadian Solar's major shareholders?
Canadian Solar's stock is owned by a number of of retail and institutional investors. Top institutional investors include Schroder Investment Management Group (7.36%), Connor Clark & Lunn Investment Management Ltd. (2.64%), Goldman Sachs Group Inc. (1.24%), Hennessy Advisors Inc. (0.24%), Point72 Asset Management L.P. (0.21%) and Alliancebernstein L.P. (0.14%).
Which institutional investors are selling Canadian Solar stock?
CSIQ stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Cubist Systematic Strategies LLC, Connor Clark & Lunn Investment Management Ltd., Man Group plc, Quantbot Technologies LP, Geode Capital Management LLC, Russell Investments Group Ltd. and Logan Capital Management Inc..
Which institutional investors are buying Canadian Solar stock?
CSIQ stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Point72 Asset Management L.P., Schroder Investment Management Group, Amundi Pioneer Asset Management Inc., Sei Investments Co., KBC Group NV, FMR LLC and Alliancebernstein L.P..
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 $23.01.
How big of a company is Canadian Solar?
Canadian Solar has a market capitalization of $1.37 billion and generates $3.74 billion in revenue each year. The solar energy provider earns $237.07 million in net income (profit) each year or $3.28 on an earnings per share basis. Canadian Solar employs 12,442 workers across the globe.View Additional Information About Canadian Solar.
What is Canadian Solar's official website?
How can I contact Canadian Solar?
Canadian Solar's mailing address is 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, 215129. The solar energy provider can be reached via phone at 519-837-1881 or via email at [email protected]
MarketBeat Community Rating for Canadian Solar (NASDAQ CSIQ)
MarketBeat's community ratings are surveys of what our community members think about Canadian Solar and other stocks. Vote "Outperform" if you believe CSIQ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CSIQ will underperform the S&P 500 over the long term. You may vote once every thirty days.
