Canadian Solar Inc. is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment. It designs, develops and manufactures solar wafers, solar cells and solar power products. The module segment primarily involves the design, development, manufacturing and sale of a range of solar power products, including standard solar modules and specialty solar products, and solar system kits. Its energy development segment consists of solar power project development, engineering, procurement and construction services, and operation and maintenance services. Its electricity generation segment consists of holding solar power projects for the purpose of generating income from the sale of electricity to the local or national grid or other power purchasers.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Photovoltaic Solar Systems & Equipment
- Sub-Industry: N/A
- Symbol: NASDAQ:CSIQ
- CUSIP: N/A
- Web: www.canadiansolar.com
Capitalization:- Market Cap: $872.68 million
- Outstanding Shares: 57,947,000
Average Prices:- 50 Day Moving Avg: $16.54
- 200 Day Moving Avg: $14.14
- 52 Week Range: $10.25 - $18.12
P/E:- Trailing P/E Ratio: 35.71
- Foreward P/E Ratio: 8.51
- P/E Growth: 0.28
Sales & Book Value:- Annual Revenue: $2.7 billion
- Price / Sales: 0.32
- Book Value: $16.00 per share
- Price / Book: 0.94
Profitability:- EBIDTA: $150.15 million
- Net Margins: 1.01%
- Return on Equity: 1.71%
- Return on Assets: 0.29%
Debt:- Debt-to-Equity Ratio: 0.42%
- Current Ratio: 0.95%
- Quick Ratio: 0.88%
Misc:- Average Volume: 1.41 million shs.
- Beta: 3.09
- Short Ratio: 4.31
Frequently Asked Questions for Canadian Solar (NASDAQ:CSIQ)
What is Canadian Solar's stock symbol?
Canadian Solar trades on the NASDAQ under the ticker symbol "CSIQ."
How were Canadian Solar's earnings last quarter?
Canadian Solar Inc. (NASDAQ:CSIQ) released its quarterly earnings results on Monday, August, 14th. The company reported ($0.15) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.01. The business had revenue of $692.37 million for the quarter, compared to analyst estimates of $631.05 million. Canadian Solar had a net margin of 1.01% and a return on equity of 1.71%. Canadian Solar's revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. View Canadian Solar's Earnings History.
When will Canadian Solar make its next earnings announcement?
Where is Canadian Solar's stock going? Where will Canadian Solar's stock price be in 2017?
10 analysts have issued 1-year price targets for Canadian Solar's shares. Their forecasts range from $12.00 to $31.00. On average, they anticipate Canadian Solar's stock price to reach $17.38 in the next year. View Analyst Ratings for Canadian Solar.
Who are some of Canadian Solar's key competitors?
Some companies that are related to Canadian Solar include Crestwood Equity Partners LP (CEQP), Oasis Petroleum (OAS), McDermott International (MDR), CVR Energy (CVI), C&J Energy Services (CJ), Noble Midstream Partners LP (NBLX), Alliance Holdings GP, L.P. (AHGP), Whiting Petroleum Corporation (WLL), SM Energy Company (SM), Western Refining Logistics, LP (WNRL), Suburban Propane Partners, L.P. (SPH), Diamond Offshore Drilling (DO), Summit Midstream Partners, LP (SMLP), Golar LNG Partners LP (GMLP), Dril-Quip (DRQ), Tallgrass Energy GP, LP (TEGP), Frank's International N.V. (FI) and Warrior Met Coal (HCC).
Who are Canadian Solar's key executives?
Canadian Solar's management team includes the folowing people:
- Xiaohua Qu Ph.D., Chairman of the Board, President, Chief Executive Officer
- Huifeng Chang, Chief Financial Officer, Senior Vice President
- Guangchun Zhang, Chief Operation Officer
- Jianyi Zhang, Senior Vice President, Chief Compliance Officer, General Counsel
- Yan Zhuang, Senior Vice President, Chief Commercial Officer
- Ty Daulhas, Group Vice President, Americas
- Robert McDermott, Lead Independent Director
- Lars-Eric E. Johansson, Independent Director
- Harry E. Ruda, Independent Director
- Luen Cheung Wong, Independent Director
Who owns Canadian Solar stock?
Canadian Solar's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include DnB Asset Management AS (6.65%), Quentec Asset Management LLC (4.67%), Grosvenor Capital Management L.P. (2.28%), Prescott Group Capital Management L.L.C. (1.15%), Calamos Advisors LLC (0.49%) and Delta Lloyd Asset Management N.V. (0.40%). View Institutional Ownership Trends for Canadian Solar.
Who sold Canadian Solar stock? Who is selling Canadian Solar stock?
Canadian Solar's stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS, Grosvenor Capital Management L.P., SG Americas Securities LLC, Guinness Atkinson Asset Management Inc, Raymond James Financial Services Advisors Inc., Tradition Capital Management LLC and Royal Bank of Canada. View Insider Buying and Selling for Canadian Solar.
Who bought Canadian Solar stock? Who is buying Canadian Solar stock?
Canadian Solar's stock was purchased by a variety of institutional investors in the last quarter, including Quentec Asset Management LLC, Calamos Advisors LLC, Delta Lloyd Asset Management N.V., Quantitative Investment Management LLC, Cipher Capital LP, Fox Run Management L.L.C., Virtu KCG Holdings LLC and Tower Research Capital LLC TRC. View Insider Buying and Selling for Canadian Solar.
How do I buy Canadian Solar stock?
Shares of Canadian Solar can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Canadian Solar's stock price today?
One share of Canadian Solar stock can currently be purchased for approximately $15.06.
MarketBeat Community Rating for Canadian Solar (NASDAQ CSIQ)MarketBeat's community ratings are surveys of what our community members think about Canadian Solar and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Canadian Solar (NASDAQ:CSIQ) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 6 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.20) |
| Consensus Price Target: | $17.38 (15.37% upside) |
Analysts' Ratings History for Canadian Solar (NASDAQ:CSIQ)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/21/2017 | Barclays PLC | Downgrade | Equal Weight -> Underweight | $12.00 -> $14.00 | High |  |
| 8/15/2017 | FBR & Co | Reiterated Rating | Neutral | $13.00 -> $15.00 | Medium | |
| 8/15/2017 | Cowen and Company | Reiterated Rating | Market Perform | $16.00 -> $17.00 | Medium | |
| 8/10/2017 | Axiom Securities | Reiterated Rating | Buy | | Low | |
| 4/20/2017 | Oppenheimer Holdings, Inc. | Reiterated Rating | Outperform | $31.00 | Low | |
| 3/22/2017 | Roth Capital | Set Price Target | Hold | $12.00 | Medium | |
| 3/22/2017 | J P Morgan Chase & Co | Lower Price Target | Neutral | $16.00 -> $14.00 | High | |
| 12/21/2016 | Guggenheim | Reiterated Rating | Neutral | | N/A | |
| 11/22/2016 | JMP Securities | Reiterated Rating | Hold | | N/A | |
| 9/6/2016 | Standpoint Research | Reiterated Rating | Buy | $18.00 | N/A | |
| 8/19/2016 | Canaccord Genuity | Set Price Target | Buy | $29.00 -> $20.00 | N/A | |
| 8/3/2016 | Morgan Stanley | Downgrade | Overweight -> Underweight | $24.00 -> $12.80 | N/A | |
| 3/29/2016 | Stifel Nicolaus | Reiterated Rating | Buy | $28.00 | N/A | |
| 3/16/2016 | Northland Securities | Initiated Coverage | Outperform | $36.00 | N/A | |
(Data available from 8/22/2015 forward)
Earnings History for Canadian Solar (NASDAQ:CSIQ)Earnings History by Quarter for Canadian Solar (NASDAQ CSIQ)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/20/2017 | | | | | | | | |
| 8/14/2017 | 6/30/2017 | ($0.16) | ($0.15) | $631.05 million | $692.37 million | View | N/A | |
| 6/6/2017 | 3/31/2017 | $0.04 | ($0.10) | $580.45 million | $677.00 million | View | Listen | |
| 3/21/2017 | 12/31/2016 | $0.32 | $0.24 | $698.57 million | $668.40 million | View | Listen | |
| 11/21/2016 | Q316 | $0.24 | $0.27 | $685.28 million | $657.30 million | View | Listen | |
| 8/18/2016 | Q216 | $0.37 | $0.68 | $735.82 million | $805.90 million | View | Listen | |
| 5/11/2016 | Q116 | $0.14 | $0.39 | $663.74 million | $721.40 million | View | Listen | |
| 3/10/2016 | Q415 | $0.76 | $1.05 | $998.49 million | $1.12 billion | View | Listen | |
| 11/10/2015 | Q315 | $0.28 | $0.79 | $616.09 million | $849.80 million | View | Listen | |
| 8/18/2015 | Q215 | $0.13 | $0.31 | $592.50 million | $636.70 million | View | Listen | |
| 5/7/2015 | Q115 | $0.75 | $1.04 | $735.12 million | $860.90 million | View | Listen | |
| 3/5/2015 | Q414 | $1.34 | $1.28 | $953.94 million | $956.20 million | View | Listen | |
| 11/12/2014 | Q314 | $1.15 | $1.58 | $803.24 million | $914.40 million | View | Listen | |
| 8/13/2014 | Q214 | $0.58 | $0.95 | $577.65 million | $623.80 million | View | Listen | |
| 5/16/2014 | Q114 | $0.12 | $0.07 | $431.98 million | $466.30 million | View | Listen | |
| 3/5/2014 | Q413 | $0.52 | $0.39 | $535.88 million | $519.50 million | View | Listen | |
| 11/13/2013 | Q313 | $0.36 | $0.58 | $480.10 million | $490.90 million | View | Listen | |
| 8/8/2013 | Q2 2013 | ($0.20) | ($0.29) | $419.83 million | $380.40 million | View | Listen | |
| 5/28/2013 | Q1 2013 | ($0.78) | ($0.10) | $221.00 million | $263.60 million | View | N/A | |
| 3/11/2013 | Q4 2012 | ($0.95) | ($1.01) | $318.53 million | $294.80 million | View | Listen | |
| 11/15/2012 | Q312 | ($0.66) | ($1.01) | $355.13 million | $326.00 million | View | N/A | |
| 8/15/2012 | | ($0.33) | ($0.59) | | | View | N/A | |
| 5/10/2012 | | ($0.53) | ($0.49) | | | View | N/A | |
| 3/7/2012 | | ($0.39) | ($1.39) | | | View | N/A | |
| 11/22/2011 | | ($0.51) | ($1.02) | | | View | N/A | |
| 8/17/2011 | | $0.27 | $0.16 | | | View | N/A | |
| 5/12/2011 | | $0.41 | $0.13 | | | View | N/A | |
| 3/10/2011 | | $0.65 | $0.58 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Canadian Solar (NASDAQ:CSIQ)2017 EPS Consensus Estimate: $1.71
2018 EPS Consensus Estimate: $33.93
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | ($0.21) | $0.37 | $0.14 |
| Q2 2017 | 3 | ($0.14) | $0.57 | $0.11 |
| Q3 2017 | 3 | $0.39 | $0.68 | $0.51 |
| Q4 2017 | 3 | $0.53 | $1.20 | $0.95 |
| Q1 2018 | 2 | $0.06 | $0.42 | $0.24 |
| Q2 2018 | 2 | $0.04 | $65.00 | $32.52 |
| Q3 2018 | 2 | $0.33 | $0.65 | $0.49 |
| Q4 2018 | 2 | $0.37 | $0.98 | $0.68 |
(Data provided by Zacks Investment Research)
Dividend History for Canadian Solar (NASDAQ:CSIQ)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Canadian Solar (NASDAQ:CSIQ)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Canadian Solar (NASDAQ:CSIQ)
Latest Headlines for Canadian Solar (NASDAQ:CSIQ)
| Source: |
|
| Date | Headline |
|---|
 | Canadian Solar Inc. (CSIQ) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - August 22 at 6:50 PM |
 | Canadian Solar, Inc. breached its 50 day moving average in a Bearish Manner : CSIQ-US : August 22, 2017
finance.yahoo.com - August 22 at 6:10 PM |
| PetroChina Refinery Catches Fire But Operations Unaffected
finance.yahoo.com - August 22 at 6:10 PM |
| Financial Survey: Enphase Energy (ENPH) & Canadian Solar (CSIQ)
www.americanbankingnews.com - August 22 at 12:18 AM |
| Barclays PLC Lowers Canadian Solar Inc. (CSIQ) to Underweight
www.americanbankingnews.com - August 21 at 4:46 PM |
| Canadian Solar Inc. (CSIQ) Lowered to "Hold" at BidaskClub
www.americanbankingnews.com - August 19 at 7:08 PM |
 | How Canadian Solar Inc. Makes Most of Its Money
www.fool.com - August 18 at 9:29 AM |
| Canadian Solar Inc. (CSIQ) Forecasted to Post Q3 2017 Earnings of $0.39 Per Share
www.americanbankingnews.com - August 17 at 8:38 AM |
| Canadian Solar Inc. (CSIQ) to Post Q4 2017 Earnings of $1.20 Per Share, Oppenheimer Holdings Forecasts
www.americanbankingnews.com - August 16 at 10:58 AM |
| Canadian Solar Inc. (CSIQ) Stock Rating Reaffirmed by Cowen and Company
www.americanbankingnews.com - August 16 at 12:32 AM |
| Canadian Solar Inc. (CSIQ) Earns "Neutral" Rating from FBR & Co
www.americanbankingnews.com - August 15 at 11:46 PM |
| Canadian Solar's Second Quarter Disappointed on Every Level
finance.yahoo.com - August 15 at 6:18 PM |
 | EARNINGS SUMMARY: Details of Canadian Solar Inc. Q2 Earnings Report
www.rttnews.com - August 14 at 10:57 PM |
 | Traders Not Impressed With Canadian Solar's Q2 Report
www.benzinga.com - August 14 at 10:57 PM |
| Edited Transcript of CSIQ earnings conference call or presentation 14-Aug-17 12:00pm GMT
finance.yahoo.com - August 14 at 10:57 PM |
 | Canadian Solar (CSIQ) Incurs Narrower-Than-Expected Q2 Loss - Nasdaq
www.nasdaq.com - August 14 at 5:55 PM |
| Canadian Solar Reports Second Quarter 2017 Results
finance.yahoo.com - August 14 at 5:54 PM |
| Canadian Solar (CSIQ) Incurs Narrower-Than-Expected Q2 Loss
finance.yahoo.com - August 14 at 5:54 PM |
| Canadian Solar tops Street 2Q forecasts
finance.yahoo.com - August 14 at 5:54 PM |
| Canadian Solar Inc. (CSIQ) Earns "Hold" Rating from Cowen and Company
www.americanbankingnews.com - August 14 at 4:18 PM |
| Investors Buy High Volume of Call Options on Canadian Solar (NASDAQ:CSIQ)
www.americanbankingnews.com - August 14 at 9:06 AM |
| Canadian Solar Inc. (CSIQ) Issues Quarterly Earnings Results
www.americanbankingnews.com - August 14 at 8:50 AM |
| Earnings Scheduled For August 14, 2017
feeds.benzinga.com - August 14 at 6:04 AM |
| Pre-Market Earnings Report for August 14, 2017 : JD, SYY, CSIQ, ASUR, SORL, VBLT, TGA, TGEN, GALT, CASI ... - Nasdaq
www.nasdaq.com - August 11 at 6:00 PM |
 | Looking Abroad for Alternative Energy Returns - Seeking Alpha
seekingalpha.com - August 11 at 6:00 PM |
| Canadian Solar Inc. (CSIQ) Upgraded to Strong-Buy at Vetr Inc.
www.americanbankingnews.com - August 11 at 12:38 AM |
 | EDF Energies Nouvelles Partners with Canadian Solar for a 92.5 MWp Photovoltaic Project in Brazil - PR Newswire (press release)
www.prnewswire.com - August 10 at 11:49 PM |
| Canadian Solar (CSIQ) to Post Q2 Earnings: What's in Store? - Nasdaq
www.nasdaq.com - August 10 at 11:49 PM |
 | Canadian Solar (CSIQ) to Post Q2 Earnings: What's in Store?
www.zacks.com - August 10 at 6:48 PM |
| EDF Energies Nouvelles Partners with Canadian Solar for a 92.5 MWp Photovoltaic Project in Brazil
finance.yahoo.com - August 10 at 6:48 PM |
| Canadian Solar (CSIQ) to Post Q2 Earnings: What's in Store?
finance.yahoo.com - August 10 at 6:48 PM |
| Solar Stocks Are Heating Up
finance.yahoo.com - August 9 at 5:45 PM |
 | Sempra Renewables (SRE) Buys California Solar Project from Canadian Solar (CSIQ) Subsidiary
www.streetinsider.com - August 9 at 3:23 AM |
| Sempra Renewables (SRE) Buys California Solar Project from Canadian Solar (CSIQ) Subsidiary - StreetInsider.com
www.streetinsider.com - August 8 at 5:19 PM |
| Sempra Renewables (SRE) Buys California Solar Project from Canadian Solar (CSIQ) Subsidiary - StreetInsider.com
www.streetinsider.com - August 8 at 5:19 PM |
| Sempra Renewables Acquires California Solar Project from Canadian Solar Subsidiary Recurrent Energy
finance.yahoo.com - August 8 at 5:19 PM |
| Sempra Renewables Acquires California Solar Project from Canadian Solar Subsidiary Recurrent Energy
finance.yahoo.com - August 8 at 5:19 PM |
| Canadian Solar's and EDF Energies Nouvelles' Pirapora I Project Secures the First Solar Financing from the Brazilian Development Bank
finance.yahoo.com - August 7 at 5:58 PM |
| Canadian Solar Inc. (NASDAQ:CSIQ) to Release Earnings on Monday
www.americanbankingnews.com - August 7 at 8:08 AM |
| Canadian Solar: Time To Realize Solar Energy's Potential - Seeking Alpha
seekingalpha.com - August 3 at 6:59 PM |
| Canadian Solar Inc. (CSIQ) Expected to Announce Quarterly Sales of $622.82 Million
www.americanbankingnews.com - July 29 at 7:20 AM |
| Canadian Solar Inc. (NASDAQ:CSIQ) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - July 28 at 6:46 PM |
| Canadian Solar Schedules Second Quarter 2017 Earnings Conference Call for August 14
finance.yahoo.com - July 27 at 10:57 PM |
| Zacks: Analysts Expect Canadian Solar Inc. (NASDAQ:CSIQ) Will Announce Earnings of -$0.16 Per Share
www.americanbankingnews.com - July 27 at 10:29 PM |
| Canadian Solar Schedules Second Quarter 2017 Earnings Conference Call for August 14 - PR Newswire (press release)
www.prnewswire.com - July 27 at 5:54 PM |
| 3 Reasons Canadian Solar Inc. Stock Could Fall - Motley Fool
www.fool.com - July 25 at 10:36 PM |
| 3 Reasons Canadian Solar Inc. Stock Could Fall
finance.yahoo.com - July 25 at 5:33 PM |
| Canadian Solar's (NASDAQ:CSIQ) "Buy" Rating Reaffirmed at Axiom Securities
www.americanbankingnews.com - July 22 at 12:18 PM |
| Canadian Solar (CSIQ) Activates Four PV Plants in Japan
finance.yahoo.com - July 19 at 6:45 PM |
| Canadian Solar Energizes 52.5 MWp of Solar Power Plants in Japan
finance.yahoo.com - July 19 at 12:09 AM |
Canadian Solar (CSIQ) Chart for Tuesday, August, 22, 2017
