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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

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

Find 'Strong Buy' Stocks Trading Near Highs in August
Canadian Solar: Solid Valuation Ahead Of Q2 Results
Canadian Solar Has Received a Few Notable Tailwinds
CSIQ July 29th Options Begin Trading
Solar Stocks Are Getting Powered Up - Read Why
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

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
$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

Net Income
$95.25 million
Pretax Margin
2.10%

Debt

Sales & Book Value

Annual Sales
$5.28 billion
Cash Flow
$6.42 per share
Book Value
$35.44 per share

Miscellaneous

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













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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