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NASDAQ:CSIQ

Canadian Solar - CSIQ Stock Forecast, Price & News

$41.92
+2.07 (+5.19%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$39.80
▼
$42.04
50-Day Range
$28.23
▼
$41.92
52-Week Range
$22.15
▼
$43.14
Volume
1.31 million shs
Average Volume
985,785 shs
Market Capitalization
$2.52 billion
P/E Ratio
34.08
Dividend Yield
N/A
Price Target
$37.25

Canadian Solar MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
11.1% Downside
$37.25 Price Target
Short Interest
Bearish
7.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.08mentions of Canadian Solar in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
65.03%
From $3.06 to $5.05 Per Share

Overall MarketRank™

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

1.55 out of 5 stars

Oils/Energy Sector

226th out of 259 stocks

Semiconductors & Related Devices Industry

86th out of 98 stocks

See Top Rated MarketRank™ Stocks Here
CSIQ stock logo

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.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price objective on Canadian Solar from $38.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $37.25.

Canadian Solar Stock Up 5.2 %

NASDAQ:CSIQ traded up $2.07 during trading hours on Wednesday, hitting $41.92. The company's stock had a trading volume of 1,306,852 shares, compared to its average volume of 985,785. Canadian Solar has a 52-week low of $22.15 and a 52-week high of $43.14. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $2.52 billion, a P/E ratio of 32.40 and a beta of 1.43. The stock has a fifty day moving average of $32.60 and a 200-day moving average of $31.21.

Canadian Solar (NASDAQ:CSIQ - Get Rating) last released its quarterly earnings data on Tuesday, May 24th. The solar energy provider reported $0.14 EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.19. Canadian Solar had a return on equity of 2.86% and a net margin of 1.50%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business posted $0.36 EPS. The business's revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts forecast that Canadian Solar will post 3.06 earnings per share for the current year.

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CSIQ Stock News Headlines

August 10, 2022 | seekingalpha.com
Canadian Solar to build high-purity polysilicon plant in China
August 10, 2022 | finance.yahoo.com
Canadian Solar's Subsidiary CSI Solar Plans to Build Approximately 50,000 Tons of High-Purity Polysilicon of Annual Capacity in Qinghai, China
August 9, 2022 | finance.yahoo.com
Find 'Strong Buy' Stocks Trading Near Highs in August
August 7, 2022 | seekingalpha.com
Canadian Solar: Solid Valuation Ahead Of Q2 Results
August 1, 2022 | finance.yahoo.com
Despite Fast-paced Momentum, Canadian Solar (CSIQ) Is Still a Bargain Stock
August 1, 2022 | finance.yahoo.com
Canadian Solar Inc. Completes its Continuance from the Jurisdiction of British Columbia to the Jurisdiction of Ontario
July 28, 2022 | finance.yahoo.com
Canadian Solar Schedules Second Quarter 2022 Earnings Conference Call for August 18
July 21, 2022 | americanbankingnews.com
JPMorgan Chase & Co. Boosts Canadian Solar (NASDAQ:CSIQ) Price Target to $38.00
July 18, 2022 | finance.yahoo.com
Canadian Solar Publishes 2021 Corporate Sustainability Report
July 15, 2022 | nasdaq.com
China to Dominate Solar Supply Chain; 3 Stocks to Consider
July 12, 2022 | finance.yahoo.com
Canadian Solar (CSIQ) Concludes Sale of 345 MWp Solar Farms
July 9, 2022 | nasdaq.com
Interesting CSIQ Put And Call Options For August 26th
July 8, 2022 | finance.yahoo.com
Canadian Solar Has Received a Few Notable Tailwinds
July 7, 2022 | usnews.com
U.S. to Lift Tariffs on Canadian Solar Products
June 23, 2022 | finance.yahoo.com
Why Is Canadian Solar (CSIQ) Up 7.1% Since Last Earnings Report?
June 22, 2022 | finance.yahoo.com
Canadian Solar Inc. Announces Results of 2022 Annual and Special Meeting of Shareholders
June 21, 2022 | nasdaq.com
What Stocks To Buy Today? 5 Solar Stocks To Know
June 16, 2022 | finance.yahoo.com
Recurrent Energy Expands ERCOT Storage Pipeline with Acquisition of 400 MWh of Standalone Storage Projects Under Development
June 9, 2022 | nasdaq.com
CSIQ July 29th Options Begin Trading
June 8, 2022 | finance.yahoo.com
Canadian Solar Settles Patent Litigation with Solaria
June 7, 2022 | nasdaq.com
Canadian Solar (CSIQ) Inks Deal to Divest 70% of Solar Projects
June 6, 2022 | markets.businessinsider.com
Canadian Solar Agrees To Sell 70% Of 738 MWp Solar Projects To SPIC Brasil
June 6, 2022 | finance.yahoo.com
Solar Stocks Are Getting Powered Up - Read Why
June 6, 2022 | seekingalpha.com
Canadian Solar sells 70% stake in two of Brazil's largest solar projects
June 6, 2022 | finance.yahoo.com
Canadian Solar Sells to SPIC Brasil 70% Stake in 738 MWp Solar Projects
See More Headlines
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CSIQ Company Calendar

Last Earnings
5/24/2022
Today
8/10/2022
Next Earnings (Confirmed)
8/18/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

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
$37.25
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
-11.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.23
Trailing P/E Ratio
34.08
Forward P/E Ratio
13.70
P/E Growth
N/A
Net Income
$95.25 million
Net Margins
1.50%
Pretax Margin
2.10%
Return on Equity
2.86%
Return on Assets
0.78%

Debt

Debt-to-Equity Ratio
0.46
Current Ratio
1.20
Quick Ratio
0.85

Sales & Book Value

Annual Sales
$5.28 billion
Price / Sales
0.48
Cash Flow
$6.42 per share
Price / Cash Flow
6.53
Book Value
$35.44 per share
Price / Book
1.18

Miscellaneous

Outstanding Shares
59,998,000
Free Float
N/A
Market Cap
$2.52 billion
Optionable
Optionable
Beta
1.43

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 analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 1-year price objectives for Canadian Solar's shares. Their CSIQ share price forecasts range from $18.00 to $45.00. On average, they expect the company's stock price to reach $37.25 in the next twelve months. This suggests that the stock has a possible downside of 9.5%.
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 31.6% and is now trading at $41.17.
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, August 18th 2022.
View our CSIQ earnings forecast.

How can I listen to Canadian Solar's earnings call?

Canadian Solar will be holding an earnings conference call on Thursday, August 18th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13731878".

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) released its earnings results on Tuesday, May, 24th. The solar energy provider reported $0.14 EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.19. The solar energy provider had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.31 billion. Canadian Solar had a trailing twelve-month return on equity of 2.86% and a net margin of 1.50%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share.

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

Canadian Solar issued an update on its second quarter 2022 earnings guidance on Tuesday, June, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.20 billion-$2.30 billion, compared to the consensus revenue estimate of $1.75 billion.

What is Shawn X. Qu's approval rating as Canadian Solar's CEO?

36 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.

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 many different institutional and retail investors. Top institutional investors include Handelsbanken Fonder AB (2.02%), DnB Asset Management AS (1.23%), Walleye Trading LLC (0.00%), Vontobel Holding Ltd. (0.50%), Green Alpha Advisors LLC (0.39%) and Simplex Trading LLC (0.00%).

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 $41.17.

How much money does Canadian Solar make?

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $2.47 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 $1.23 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

When was Canadian Solar founded?

Canadian Solar was founded in 2001.

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 8/10/2022 by MarketBeat.com Staff

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