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NASDAQ:CSIQCanadian Solar Stock Price, Forecast & News

$19.23
0.00 (0.00 %)
(As of 06/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$19.16
Now: $19.23
$19.60
50-Day Range
$15.87
MA: $17.79
$19.28
52-Week Range
$12.00
Now: $19.23
$25.35
Volume1.02 million shs
Average Volume878,839 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.
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Canadian Solar logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 4.4 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.20 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:CSIQ
CUSIPN/A
Phone519-837-1881

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.20 billion
Cash Flow$4.96 per share
Book Value$24.00 per share

Profitability

Net Income$171.59 million

Miscellaneous

Employees12,442
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. 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) posted its quarterly earnings results on Thursday, May, 28th. The solar energy provider reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates 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%. Canadian Solar's revenue for the quarter was up 70.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.29) EPS. View Canadian Solar's earnings history.

How will Canadian Solar's stock buyback program work?

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

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

Canadian Solar updated 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.

What price target have analysts set for CSIQ?

6 Wall Street analysts have issued 1-year target prices 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 trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Solar earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned news articles about the solar energy provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutCanadian Solar.

Who are some of Canadian Solar's key 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 variety of retail and institutional investors. Top institutional shareholders 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 major 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 major 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

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