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 shares have increased by 32.9% and is now trading at $23.77.
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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.

Canadian Solar is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020.
View our earnings forecast for Canadian Solar.

Canadian Solar will be holding an earnings conference call on Friday, August 7th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Canadian Solar Inc. (NASDAQ:CSIQ) announced its quarterly earnings data on Thursday, May, 28th. The solar energy provider reported $1.84 earnings per share 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 was up 70.3% on a year-over-year basis. During the same period last year, the firm posted ($0.29) earnings per share.
View Canadian Solar's earnings history.

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

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.

6 brokerages have issued twelve-month price targets for Canadian Solar's shares. Their forecasts range from $22.00 to $32.00. On average, they expect Canadian Solar's share price to reach $27.40 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price.
View analysts' price targets for Canadian Solar.

News articles about CSIQ stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by monitoring 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 -1.4 on InfoTrie's scale. They also assigned press coverage 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 effect on the stock's share price in the near term.
View the latest news about Canadian Solar.

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

Canadian Solar's stock is owned by many different retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.69%), Hussman Strategic Advisors Inc. (0.26%), First Trust Advisors LP (0.19%), DekaBank Deutsche Girozentrale (0.19%), Russell Investments Group Ltd. (0.08%) and Cambridge Investment Research Advisors Inc. (0.06%).

CSIQ stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, and Russell Investments Group Ltd..

CSIQ stock was purchased by a variety of institutional investors in the last quarter, including DekaBank Deutsche Girozentrale, Assenagon Asset Management S.A., First Trust Advisors LP, Guinness Asset Management LTD, Cambridge Investment Research Advisors Inc., Guinness Atkinson Asset Management Inc, and Hussman Strategic Advisors Inc..

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 $23.77.

Canadian Solar has a market capitalization of $1.41 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]