NASDAQ:CSIQCanadian Solar Stock Price, Forecast & News

Canadian Solar's stock was trading at $17.89 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CSIQ stock has increased by 36.7% and is now trading at $24.46.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Canadian Solar.

Canadian Solar is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
View our earnings forecast for Canadian Solar.

Canadian Solar Inc. (NASDAQ:CSIQ) issued its earnings results on Friday, August, 7th. The solar energy provider reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.13. The solar energy provider earned $695.50 million during the quarter, compared to the consensus estimate of $662.94 million. Canadian Solar had a net margin of 8.04% and a return on equity of 13.50%. The company's quarterly revenue was down 32.9% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share.
View Canadian Solar's earnings history.

Canadian Solar announced that its board has approved a stock repurchase program on Monday, December 9th 2019, which allows the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 13% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Canadian Solar issued an update on its third quarter 2020 Pre-Market earnings guidance on Friday, August, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $840-890 million, compared to the consensus revenue estimate of $863.09 million.

6 brokerages have issued 1-year target prices for Canadian Solar's stock. Their forecasts range from $22.00 to $33.00. On average, they expect Canadian Solar's share price to reach $29.00 in the next year. This suggests a possible upside of 18.6% from the stock's current price.
View analysts' price targets for Canadian Solar.

Media coverage about CSIQ stock has been trending somewhat negative on Tuesday, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 stories about the solar energy provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about Canadian Solar.

Some companies that are related to Canadian Solar include Cabot Microelectronics (CCMP), Silicon Laboratories (SLAB), SUMCO CORP/ADR (SUOPY), Lattice Semiconductor (LSCC), Semtech (SMTC), Dialog Semiconductor (DLGNF), Cirrus Logic (CRUS), Power Integrations (POWI), BE Semiconductor Industrs (BESIY), Viavi Solutions (VIAV), AU Optronics (AUOTY), AU Optronics (AUO), Amkor Technology (AMKR), Synaptics (SYNA) and Acacia Communications (ACIA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Solar investors own include Micron Technology (MU), First Solar (FSLR), Gilead Sciences (GILD), Alibaba Group (BABA), NVIDIA (NVDA), Netflix (NFLX), Tesla (TSLA), Intel (INTC), Advanced Micro Devices (AMD) and AT&T (T).

Canadian Solar trades on the NASDAQ under the ticker symbol "CSIQ."

Canadian Solar's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.69%), Hussman Strategic Advisors Inc. (0.26%), First Trust Advisors LP (0.19%), DekaBank Deutsche Girozentrale (0.19%), Russell Investments Group Ltd. (0.08%) and Cambridge Investment Research Advisors Inc. (0.06%).

CSIQ stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, and Russell Investments Group Ltd..

CSIQ stock was acquired by a variety of institutional investors in the last quarter, including DekaBank Deutsche Girozentrale, Assenagon Asset Management S.A., Trexquant Investment LP, New York State Common Retirement Fund, First Trust Advisors LP, Guinness Asset Management LTD, Cambridge Investment Research Advisors Inc., and Guinness Atkinson Asset Management Inc.

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.

One share of CSIQ stock can currently be purchased for approximately $24.46.

Canadian Solar has a market capitalization of $1.45 billion and generates $3.20 billion in revenue each year. The solar energy provider earns $171.59 million in net income (profit) each year or $2.19 on an earnings per share basis. Canadian Solar employs 12,442 workers across the globe.

The official website for Canadian Solar is www.canadiansolar.com.

Canadian Solar's mailing address is 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, N1K 1E6. The solar energy provider can be reached via phone at 519-837-1881 or via email at [email protected]