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NASDAQ:CSIQ - Canadian Solar Stock Price, Forecast & News

$20.21
-0.87 (-4.13 %)
(As of 01/27/2020 04:00 PM ET)
Today's Range
$20.10
Now: $20.21
$20.53
50-Day Range
$19.05
MA: $21.65
$23.45
52-Week Range
$14.50
Now: $20.21
$25.89
Volume583,822 shs
Average Volume759,718 shs
Market Capitalization$1.20 billion
P/E Ratio5.74
Dividend YieldN/A
Beta2.14
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. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:CSIQ
CUSIPN/A
Phone519-837-1881

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.74 billion
Cash Flow$5.43 per share
Book Value$21.94 per share

Profitability

Net Income$237.07 million

Miscellaneous

Employees12,442
Market Cap$1.20 billion
Next Earnings Date3/19/2020 (Estimated)
OptionableOptionable

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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 share repurchase plan on Monday, December 9th 2019, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 13% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) announced its earnings results on Tuesday, November, 12th. The solar energy provider reported $0.66 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.88 by $0.22. The solar energy provider had revenue of $759.90 million for the quarter, compared to analysts' expectations of $799.55 million. Canadian Solar had a return on equity of 12.91% and a net margin of 6.77%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. View Canadian Solar's Earnings History.

When is Canadian Solar's next earnings date?

Canadian Solar is scheduled to release their next quarterly earnings announcement on Thursday, March 19th 2020. View Earnings Estimates for Canadian Solar.

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

Canadian Solar issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS 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?

6 brokerages have issued 1-year price objectives for Canadian Solar's shares. Their forecasts range from $23.00 to $32.00. On average, they anticipate Canadian Solar's share price to reach $27.50 in the next year. This suggests a possible upside of 36.1% from the stock's current price. View Analyst Price Targets for Canadian Solar.

What is the consensus analysts' recommendation for Canadian Solar?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 3 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 coverage about CSIQ stock has trended somewhat negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Canadian Solar earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news articles about the solar energy provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Canadian Solar.

Are investors shorting Canadian Solar?

Canadian Solar saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 3,370,000 shares, a drop of 14.7% from the December 31st total of 3,950,000 shares. Based on an average daily trading volume, of 894,600 shares, the days-to-cover ratio is presently 3.8 days. Currently, 7.4% of the shares of the stock are short sold. View Canadian Solar's Current Options Chain.

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 First Solar (FSLR), Tesla (TSLA), Netflix (NFLX), Micron Technology (MU), JinkoSolar (JKS), Ambarella (AMBA), SunPower (SPWR), Gilead Sciences (GILD), Alibaba Group (BABA) and NVIDIA (NVDA).

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 variety of of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.24%), Assenagon Asset Management S.A. (0.08%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%).

Which major 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. and Hennessy Advisors Inc..

Which major investors are buying Canadian Solar stock?

CSIQ stock was purchased by a variety of institutional investors in the last quarter, including Zurcher Kantonalbank Zurich Cantonalbank .

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 $20.21.

How big of a company is Canadian Solar?

Canadian Solar has a market capitalization of $1.20 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?

The official website for Canadian Solar is http://www.canadiansolar.com/.

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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  490 (Vote Outperform)
Underperform Votes:  625 (Vote Underperform)
Total Votes:  1,115
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.
This page was last updated on 1/27/2020 by MarketBeat.com Staff

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