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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Closing prices for crude oil, gold and other commodities
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Ford, Starbucks fall; Clorox, Gilead Sciences rise
How major US stock indexes fared Friday 2/3/2023
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Zimmer Biomet Beats on Earnings, Growth May be Priced In
Skull found in '97 in remote Alaska belongs to New York man
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Closing prices for crude oil, gold and other commodities
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Ford, Starbucks fall; Clorox, Gilead Sciences rise
How major US stock indexes fared Friday 2/3/2023
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Zimmer Biomet Beats on Earnings, Growth May be Priced In
Skull found in '97 in remote Alaska belongs to New York man
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Closing prices for crude oil, gold and other commodities
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Ford, Starbucks fall; Clorox, Gilead Sciences rise
How major US stock indexes fared Friday 2/3/2023
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Zimmer Biomet Beats on Earnings, Growth May be Priced In
Skull found in '97 in remote Alaska belongs to New York man
NASDAQ:CSIQ

Canadian Solar - CSIQ Stock Forecast, Price & News

$40.63
-1.27 (-3.03%)
(As of 02/3/2023 12:00 AM ET)
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Compare
Today's Range
$40.25
$41.87
50-Day Range
$29.40
$43.18
52-Week Range
$22.15
$47.69
Volume
605,969 shs
Average Volume
1.36 million shs
Market Capitalization
$2.61 billion
P/E Ratio
14.94
Dividend Yield
N/A
Price Target
$39.00

Canadian Solar MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
4.0% Downside
$39.00 Price Target
Short Interest
Bearish
7.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.85mentions of Canadian Solar in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
119.31%
From $2.59 to $5.68 Per Share

Overall MarketRank

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

1.92 out of 5 stars

Oils/Energy Sector

179th out of 241 stocks

Semiconductors & Related Devices Industry

56th out of 89 stocks

CSIQ stock logo

About Canadian Solar (NASDAQ:CSIQ) Stock

Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules and provides solar energy solutions. It operates through the Module and System Solutions (MSS) and Energy segments. The MSS segment involves in the design, development, manufacture, and sales of solar power products and solar system kits, and operation and maintenance services. The Energy segment comprises primarily of the development and sale of solar projects, operating solar power projects and the sale of electricity. The company was founded by Shawn Qu in October 2001 and is headquartered in Guelph, Canada.

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CSIQ Stock News Headlines

Is Canadian Solar Too Hot to Handle?
Solar panel maker Canadian Solar Inc. (NASDAQ: CSIQ) stock has shot up +38% in 2023, but is still in a weekly rectangle trading range since July of 2021.
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Analyzing Canadian Solar (NASDAQ:CSIQ) and Broadcom (NASDAQ:AVGO)
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Canadian Solar: Difficult Not To Be Bullish
CSIQ's Reputation: A Weakened Currency?
Canadian Solar Stock Gets An IBD Composite Rating Upgrade
Canadian Solar Sees Relative Strength Rating Jump To 92
Why Canadian Solar (CSIQ) Is Down Today
Top Solar Stocks
See More Headlines
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CSIQ Company Calendar

Last Earnings
11/22/2022
Today
2/04/2023
Next Earnings (Estimated)
3/16/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CSIQ
Employees
13,535
Year Founded
2001

Price Target and Rating

Average Stock Price Forecast
$39.00
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
-4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$95.25 million
Pretax Margin
4.40%

Debt

Sales & Book Value

Annual Sales
$5.28 billion
Cash Flow
$5.38 per share
Book Value
$33.21 per share

Miscellaneous

Free Float
50,359,000
Market Cap
$2.61 billion
Optionable
Optionable
Beta
1.44

Social Links


Key Executives

  • Shawn Qu
    Chairman & Chief Executive Officer
  • Hui Feng Chang
    Chief Financial Officer, Director & Senior VP
  • Jian Yi Zhang
    Chief Compliance Officer, SVP & General Counsel
  • Ismael Guerrero-Arias
    Vice President & President-Energy Group
  • Thomas Koerner
    Vice President-Modules & Systems Business Unit













CSIQ Stock - Frequently Asked Questions

Should I buy or sell Canadian Solar stock right now?

5 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 2 buy ratings 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 2023?

5 analysts have issued 12 month target prices for Canadian Solar's stock. Their CSIQ share price forecasts range from $33.00 to $45.00. On average, they anticipate the company's stock price to reach $39.00 in the next twelve months. This suggests that the stock has a possible downside of 4.0%.
View analysts price targets for CSIQ
or view top-rated stocks among Wall Street analysts.

How have CSIQ shares performed in 2023?

Canadian Solar's stock was trading at $30.90 at the beginning of the year. Since then, CSIQ shares have increased by 31.5% and is now trading at $40.63.
View the best growth stocks for 2023 here
.

Are investors shorting Canadian Solar?

Canadian Solar saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,900,000 shares, an increase of 8.0% from the December 31st total of 3,610,000 shares. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is presently 3.8 days. Approximately 7.7% of the shares of the company are sold short.
View Canadian Solar's Short Interest
.

When is Canadian Solar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
View our CSIQ earnings forecast
.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) announced its earnings results on Tuesday, November, 22nd. The solar energy provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.54. The solar energy provider earned $1.93 billion during the quarter, compared to the consensus estimate of $2.07 billion. Canadian Solar had a trailing twelve-month return on equity of 8.12% and a net margin of 2.68%. The company's quarterly revenue was up 57.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share.

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

Canadian Solar issued an update on its fourth quarter 2022 earnings guidance on Thursday, December, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.80 billion-$1.90 billion, compared to the consensus revenue estimate of $2.11 billion.

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

55 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. 58.0% of employees surveyed would recommend working at Canadian Solar to a friend.

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 a number of retail and institutional investors. Top institutional investors include Guinness Asset Management LTD (1.44%), DNB Asset Management AS (0.84%), Simplex Trading LLC (0.00%), Waterfront Wealth Inc. (0.06%), Green Alpha Advisors LLC (0.06%) and Zurcher Kantonalbank Zurich Cantonalbank (0.04%).

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 $40.63.

How much money does Canadian Solar make?

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $2.61 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 $2.72 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..
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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 2/4/2023 by MarketBeat.com Staff