NASDAQ:CSIQCanadian Solar Stock Price, Forecast & News

$19.23

+0.14 (+0.73 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$19.10

Now: $19.23▼

$19.85

50-Day Range

$15.87

MA: $17.79▼

$19.28

52-Week Range

$12.00

Now: $19.23▼

$25.35

Volume1.23 million shs

Average Volume977,150 shs

Market Capitalization$1.14 billion

P/E Ratio3.88

Dividend YieldN/A

Beta1.59

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems. The company also provides specialty solar products consisting of Andes Solar Home System, an off-grid solar system that provides an economical source of electricity to homes and communities without access to grid; and Maple Solar System, a clean energy solution for families, as well as solar system kits, which are a ready-to-install packages that consist inverters, racking systems, and other accessories. In addition, it develops, builds, and sells solar power projects; performs engineering, procurement, and construction (EPC) work for solar power projects; and offers operation and maintenance services that include inspection, repair, and replacement of plant equipment, site management, and administrative support services. Further, the company generates and sells electricity through its solar plants with an aggregate capacity of approximately 1,211.1 megawatts. Canadian Solar Inc. offers its products to distributors, system integrators, project developers, and installers/EPC companies. The company has operations in North America, South America, Europe, Africa, the Middle East, Australia, and Asia. Canadian Solar Inc. was founded in 2001 and is based in Guelph, Canada.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Canadian Solar has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.80, Canadian Solar has a potential upside of 39.4% from its current price of $19.23.
Amount of Analyst Coverage
Canadian Solar has only been the subject of 2 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Canadian Solar has received 499 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Canadian Solar has received 636 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Canadian Solar has received 56.04% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Canadian Solar and other stocks. Vote “Outperform” if you believe CSIQ will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CSIQ will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Canadian Solar does not currently pay a dividend.
Dividend Growth
Canadian Solar does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Solar insiders have not sold or bought any company stock.
Percentage Held by Institutions
40.47% of the stock of Canadian Solar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4 Earnings and Valuation

Earnings Growth
Earnings for Canadian Solar are expected to grow by 33.33% in the coming year, from $2.25 to $3.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Solar is 3.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Solar is 3.88, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.17.
Price to Earnings Growth Ratio
Canadian Solar has a PEG Ratio of 0.27. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Canadian Solar has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.20 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNASDAQ:CSIQ

Previous Symbol

CUSIPN/A

CIK1375877

Webwww.canadiansolar.com

Phone519-837-1881

Debt

Debt-to-Equity Ratio0.45

Current Ratio1.17

Quick Ratio0.95

Price-To-Earnings

Trailing P/E Ratio3.88

Forward P/E Ratio8.55

P/E Growth0.27

Sales & Book Value

Annual Sales$3.20 billion

Price / Sales0.36

Cash Flow$4.96 per share

Price / Cash Flow3.88

Book Value$24.00 per share

Price / Book0.80

Profitability

EPS (Most Recent Fiscal Year)$2.19

Net Income$171.59 million

Net Margins8.45%

Return on Equity16.69%

Return on Assets4.43%

Miscellaneous

Employees12,442

Outstanding Shares59,370,000

Market Cap$1.14 billion

Next Earnings Date8/20/2020 (Estimated)

OptionableOptionable

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Canadian Solar (NASDAQ:CSIQ) Frequently Asked Questions

How has Canadian Solar's stock been impacted by COVID-19 (Coronavirus)?

Canadian Solar's stock was trading at $17.89 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CSIQ stock has increased by 7.5% and is now trading at $19.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Canadian Solar?

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.

When is Canadian Solar's next earnings date?

Canadian Solar is scheduled to release its next quarterly earnings announcement on Thursday, August 20th 2020. View our earnings forecast for Canadian Solar.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) issued its earnings results on Thursday, May, 28th. The solar energy provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.98. The solar energy provider earned $825.60 million during the quarter, compared to the consensus estimate 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 for the quarter was up 70.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) EPS. View Canadian Solar's earnings history.

How will Canadian Solar's stock buyback program work?

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

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

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

What price target have analysts set for CSIQ?

6 equities research analysts have issued 12 month price targets for Canadian Solar's shares. Their forecasts range from $22.00 to $32.00. On average, they anticipate Canadian Solar's share price to reach $26.80 in the next twelve months. This suggests a possible upside of 39.4% from the stock's current price. View analysts' price targets for Canadian Solar.

Has Canadian Solar been receiving favorable news coverage?

Media stories about CSIQ stock have been trending extremely negative on Friday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news 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 closest to five being the most favorable. Canadian Solar earned a coverage optimism score of -5.0 on InfoTrie's scale. They also gave media stories about the solar energy provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutCanadian Solar.

Who are some of Canadian Solar's key competitors?

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

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 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).

Who are Canadian Solar's key executives?

Canadian Solar's management team includes the following people:

Dr. Xiaohua Qu, Chairman, Pres & CEO (Age 55)
Mr. Arthur Chien, Sr. VP, Chief Strategy Officer & Pres of Energy Bus. (Age 58)
Mr. Yan Zhuang, Sr. VP, Chief Commercial Officer and Pres of Modules & Systems Solutions Bus. (Age 55)
Dr. Huifeng Chang, Sr. VP & CFO (Age 53)
Mr. Guangchun Zhang, Sr. VP & COO (Age 62)

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 institutional and retail investors. Top institutional investors include Schroder Investment Management Group (7.25%), BlackRock Inc. (4.05%), Morgan Stanley (3.42%), Morgan Stanley (3.42%), Invesco Ltd. (2.89%) and Connor Clark & Lunn Investment Management Ltd. (2.29%).

Which institutional investors are selling Canadian Solar stock?

CSIQ stock was sold by a variety of institutional investors in the last quarter, including Luminus Management LLC, Connor Clark & Lunn Investment Management Ltd., Two Sigma Advisers LP, Schroder Investment Management Group, ClariVest Asset Management LLC, KBC Group NV, Hussman Strategic Advisors Inc., and Deutsche Bank AG.

Which institutional investors are buying Canadian Solar stock?

CSIQ stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Invesco Ltd., Assenagon Asset Management S.A., Morgan Stanley, Morgan Stanley, Bogle Investment Management L P DE, Grantham Mayo Van Otterloo & Co. LLC, and State Street Corp.

How do I buy shares of Canadian Solar?

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.

What is Canadian Solar's stock price today?

One share of CSIQ stock can currently be purchased for approximately $19.23.

How big of a company is Canadian Solar?

Canadian Solar has a market capitalization of $1.14 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.

What is Canadian Solar's official website?

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

How can I contact Canadian Solar?

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff