NASDAQ:CSIQ

Canadian Solar Stock Forecast, Price & News

$31.12

-0.02 (-0.06%)

(As of 07/1/2022 08:44 PM ET)

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Today's Range: $30.62
▼
$31.91
50-Day Range: $22.54
▼
$35.61
52-Week Range: $22.15
▼
$46.80

Volume: 454,300 shs
Average Volume: 984,917 shs
Market Capitalization: $1.87 billion

P/E Ratio: 25.30
Dividend Yield: N/A
Price Target: $36.50

Canadian Solar MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 17.3% Upside
$36.50 Price Target
Short Interest: Bearish
7.51% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 65.03%
From $3.06 to $5.05 Per Share

Overall MarketRank^™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.85 out of 5 stars

Oils/Energy Sector

148th out of 374 stocks

Semiconductors & Related Devices Industry

64th out of 122 stocks

2.0 Analyst's Opinion

Consensus Rating
Canadian Solar has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $36.50, Canadian Solar has a forecasted upside of 17.3% from its current price of $31.12.
Amount of Analyst Coverage
Canadian Solar has received no research coverage in the past 90 days.

2.0 Short Interest

Percentage of Shares Shorted
7.51% of the float of Canadian Solar has been sold short.
Short Interest Ratio / Days to Cover
Canadian Solar has a short interest ratio ("days to cover") of 4.3.
Change versus previous month
Short interest in Canadian Solar has recently decreased by 1.05%, indicating that investor sentiment is improving.

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.

0.0 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CSIQ.

2.7 News and Social Media Coverage

News Sentiment
Canadian Solar has a news sentiment score of 1.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Canadian Solar this week, compared to 2 articles on an average week.
Search Interest
Only 13 people have searched for CSIQ on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Canadian Solar to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

0.8 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
46.97% of the stock of Canadian Solar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Canadian Solar are expected to grow by 65.03% in the coming year, from $3.06 to $5.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Solar is 25.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 67.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Solar is 25.30, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.42.
Price to Book Value per Share Ratio
Canadian Solar has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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.

June 23, 2022 | finance.yahoo.com

Why Is Canadian Solar (CSIQ) Up 7.1% Since Last Earnings Report?

June 22, 2022 | finance.yahoo.com

Canadian Solar Inc. Announces Results of 2022 Annual and Special Meeting of Shareholders

July 4, 2022 | Tradewins (Ad)

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June 16, 2022 | finance.yahoo.com

Recurrent Energy Expands ERCOT Storage Pipeline with Acquisition of 400 MWh of Standalone Storage Projects Under Development

June 9, 2022 | nasdaq.com

CSIQ July 29th Options Begin Trading

June 8, 2022 | finance.yahoo.com

Canadian Solar Settles Patent Litigation with Solaria

June 7, 2022 | nasdaq.com

Canadian Solar (CSIQ) Inks Deal to Divest 70% of Solar Projects

July 4, 2022 | Tradewins (Ad)

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June 6, 2022 | markets.businessinsider.com

Canadian Solar Agrees To Sell 70% Of 738 MWp Solar Projects To SPIC Brasil

June 6, 2022 | finance.yahoo.com

Solar Stocks Are Getting Powered Up - Read Why

June 6, 2022 | seekingalpha.com

Canadian Solar sells 70% stake in two of Brazil's largest solar projects

June 6, 2022 | finance.yahoo.com

Canadian Solar Sells to SPIC Brasil 70% Stake in 738 MWp Solar Projects

June 2, 2022 | finance.yahoo.com

ReneSola (SOL) Set to Report Q1 Earnings: What's in Store?

June 1, 2022 | finance.yahoo.com

Read This Before Judging Canadian Solar Inc.'s (NASDAQ:CSIQ) ROE

May 31, 2022 | finance.yahoo.com

Canadian Solar (CSIQ) Completes 100MW Mississippi Solar Plant

May 27, 2022 | nasdaq.com

First Week of July 8th Options Trading For Canadian Solar (CSIQ)

May 27, 2022 | finance.yahoo.com

Canadian Solar Successfully Completes Sunflower Solar Station under a BTA for Entergy Mississippi

May 25, 2022 | finance.yahoo.com

Canadian Solar (CSIQ) Q1 Earnings Beat, Revenues Rise Y/Y

May 24, 2022 | seekingalpha.com

Canadian Solar Inc. (CSIQ) CEO Dr. Shawn Qu on Q1 2022 Results - Earnings Call Transcript

May 24, 2022 | nasdaq.com

Canadian Solar Inc. Q1 Income Declines, but beats estimates

May 24, 2022 | finance.yahoo.com

Canadian Solar Misses Q1 Revenue Amid Challenging Operating Environment

May 24, 2022 | investing.com

Canadian Solar Tops Q1 EPS by 27c

May 24, 2022 | finance.yahoo.com

Canadian Solar Reports First Quarter 2022 Results

May 23, 2022 | seekingalpha.com

Canadian Solar Q1 2022 Earnings Preview

May 17, 2022 | finance.yahoo.com

Canadian Solar (NASDAQ:CSIQ) Is Looking To Continue Growing Its Returns On Capital

May 17, 2022 | finance.yahoo.com

Westbridge Strengthens Executive Leadership Team

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:CSIQ
CUSIP: N/A
CIK: 1375877
Web: www.canadiansolar.com
Phone: (519) 837-1881
Fax: 519-837-2550
Employees: 13,535
Year Founded: 2001

Company Calendar

Last Earnings: 5/24/2022
Today: 7/03/2022
Next Earnings (Estimated): 8/11/2022
Fiscal Year End: 12/31/2022

Price Target and Rating

Average Stock Price Forecast: $36.50
High Stock Price Forecast: $45.00
Low Stock Price Forecast: $18.00
Forecasted Upside/Downside: +17.3%
Consensus Rating: Hold
Rating Score (0-4): 2
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.23
Trailing P/E Ratio: 25.30
Forward P/E Ratio: 10.17
P/E Growth: N/A
Net Income: $95.25 million
Net Margins: 1.50%
Pretax Margin: 2.10%
Return on Equity: 2.86%
Return on Assets: 0.78%

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 1.20
Quick Ratio: 0.85

Sales & Book Value

Annual Sales: $5.28 billion
Price / Sales: 0.35
Cash Flow: $5.93 per share
Price / Cash Flow: 5.25
Book Value: $35.44 per share
Price / Book: 0.88

Miscellaneous

Outstanding Shares: 59,998,000
Free Float: N/A
Market Cap: $1.87 billion
Optionable: Optionable
Beta: 1.41

Social Links

Canadian Solar 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 twelve months. 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" Canadian Solar stock. 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 analyst ratings for Canadian Solar or view top-rated stocks.
What is Canadian Solar's stock price forecast for 2022?: 4 equities research analysts have issued 12-month price objectives for Canadian Solar's stock. Their CSIQ stock forecasts range from $18.00 to $45.00. On average, they anticipate Canadian Solar's stock price to reach $36.50 in the next year. This suggests a possible upside of 17.3% from the stock's current price.
View analysts' price targets for Canadian Solar or view top-rated stocks among Wall Street analysts.
How has Canadian Solar's stock performed in 2022?: Canadian Solar's stock was trading at $31.29 on January 1st, 2022. Since then, CSIQ shares have decreased by 0.5% and is now trading at $31.12.
View the best growth stocks for 2022 here.
When is Canadian Solar's next earnings date?: Canadian Solar is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for Canadian Solar.
How were Canadian Solar's earnings last quarter?: Canadian Solar Inc. (NASDAQ:CSIQ) released its quarterly earnings data on Tuesday, May, 24th. The solar energy provider reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.31. The solar energy provider earned $1.25 billion during the quarter, compared to analysts' expectations 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 business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share.
View Canadian Solar's earnings history.
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.
Who are Canadian Solar's key executives?: Canadian Solar's management team includes the following people:
Dr. Xiaohua Qu, Chairman, Pres & CEO (Age 58)
Dr. Huifeng Chang, Sr. VP, CFO & Director (Age 56)
Dr. Guoqiang Xing, Sr. VP & CTO (Age 59)
Mr. Ed Job M.Sc., CFA, Managing Director of Investor Relations
Mr. Jianyi Zhang, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 64)
Mr. Yan Zhuang, Director (Age 58)
Ms. Julie E. Ungerleider, Managing Director of Global EPC - Global Energy Group
Mr. Ismael Guerrero Arias, Corp. VP & Pres of the Energy business (Age 47)
Ms. Mary Ma, Sr. Supervisor of Investor Relations
Ms. Zhang Zhang, Director of Investor Relations & Strategic Analysis (Age 28)
What is Shawn X. Qu's approval rating as Canadian Solar's CEO?: 36 employees have rated Canadian Solar CEO Shawn X. Qu on Glassdoor.com. Shawn X. Qu has an approval rating of 74% among Canadian Solar's employees.

Who are some of Canadian Solar's key competitors?: Some companies that are related to Canadian Solar include First Solar (FSLR), Lattice Semiconductor (LSCC), Dialog Semiconductor (DLGNF), AU Optronics (AUOTY), Daqo New Energy (DQ), CMC Materials (CCMP), Tower Semiconductor (TSEM), IPG Photonics (IPGP), Silicon Laboratories (SLAB), Synaptics (SYNA), Sumco (SUOPY), Power Integrations (POWI), Cirrus Logic (CRUS), Allegro MicroSystems (ALGM) and Amkor Technology (AMKR).
View all of CSIQ's 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 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."
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 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 $31.12.
How much money does Canadian Solar make?: Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $1.87 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?: Canadian Solar 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 Canadian Solar 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 7/4/2022 by MarketBeat.com Staff

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Canadian Solar Stock Forecast, Price & News

Canadian Solar MarketRank™ Forecast

Overall MarketRank™

2.0 Analyst's Opinion

2.0 Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

0.0 Dividend Strength

0.0 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

2.7 News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

0.8 Company Ownership

3.1 Earnings and Valuation

Receive CSIQ Stock News and Ratings via Email

About Canadian Solar (NASDAQ:CSIQ) Stock

CSIQ Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Canadian Solar Frequently Asked Questions

Should I buy or sell Canadian Solar stock right now?

What is Canadian Solar's stock price forecast for 2022?

How has Canadian Solar's stock performed in 2022?

When is Canadian Solar's next earnings date?

How were Canadian Solar's earnings last quarter?

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

Who are Canadian Solar's key executives?

What is Shawn X. Qu's approval rating as Canadian Solar's CEO?

Who are some of Canadian Solar's key competitors?

What other stocks do shareholders of Canadian Solar own?

What is Canadian Solar's stock symbol?

How do I buy shares of Canadian Solar?

What is Canadian Solar's stock price today?

How much money does Canadian Solar make?

How many employees does Canadian Solar have?

Does Canadian Solar have any subsidiaries?

When was Canadian Solar founded?

How can I contact Canadian Solar?

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Overall MarketRank^™