NASDAQ:CSIQCanadian Solar Stock Price, Forecast & News

Canadian Solar's stock was trading at $17.89 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CSIQ stock has increased by 30.8% and is now trading at $23.40. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 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 Thursday, August 20th 2020. View our earnings forecast for Canadian Solar.

Canadian Solar Inc. (NASDAQ:CSIQ) posted its quarterly earnings data on Thursday, May, 28th. The solar energy provider reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.86 by $0.98. The solar energy provider earned $825.60 million during the quarter, compared to analyst estimates of $792.65 million. Canadian Solar had a return on equity of 16.69% and a net margin of 8.45%. The firm's revenue was up 70.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.29) earnings per share. View Canadian Solar's earnings history.

Canadian Solar declared that its Board of Directors has initiated a stock buyback plan on Monday, December 9th 2019, which permits the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 13% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Canadian Solar issued an update on its second quarter 2020 Pre-Market earnings guidance on Thursday, May, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $630-680 million, compared to the consensus revenue estimate of $779.7 million.

5 Wall Street analysts have issued twelve-month target prices for Canadian Solar's shares. Their forecasts range from $22.00 to $32.00. On average, they expect Canadian Solar's stock price to reach $27.25 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price. View analysts' price targets for Canadian Solar.

News coverage about CSIQ stock has been trending somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news 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 daily sentiment score of 1.3 on InfoTrie's scale. They also gave media headlines about the solar energy provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Canadian Solar.

Some companies that are related to Canadian Solar include SUMCO CORP/ADR (SUOPY), Silicon Laboratories (SLAB), Lattice Semiconductor (LSCC), Cabot Microelectronics (CCMP), Cirrus Logic (CRUS), Power Integrations (POWI), Dialog Semiconductor (DLGNF), BE Semiconductor Industrs (BESIY), Semtech (SMTC), AU Optronics (AUOTY), AU Optronics (AUO), Viavi Solutions (VIAV), Amkor Technology (AMKR), Acacia Communications (ACIA) and Diodes (DIOD). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Solar investors own include First Solar (FSLR), Netflix (NFLX), Gilead Sciences (GILD), Micron Technology (MU), Alibaba Group (BABA), Tesla (TSLA), Ambarella (AMBA), SunPower (SPWR), JinkoSolar (JKS) and NVIDIA (NVDA).

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

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 $23.40.

Canadian Solar has a market capitalization of $1.39 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]