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NASDAQ:CSIQ

Canadian Solar - CSIQ Stock Forecast, Price & News

$34.11
-1.64 (-4.59%)
(As of 11/28/2022 01:47 PM ET)
Add
Compare
Today's Range
$33.36
▼
$35.29
50-Day Range
$28.79
▼
$40.10
52-Week Range
$22.15
▼
$47.69
Volume
19,503 shs
Average Volume
1.07 million shs
Market Capitalization
$2.19 billion
P/E Ratio
12.54
Dividend Yield
N/A
Price Target
$41.67

Canadian Solar MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
22.2% Upside
$41.67 Price Target
Short Interest
Healthy
7.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.37mentions of Canadian Solar in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
119.31%
From $2.59 to $5.68 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Oils/Energy Sector

115th out of 245 stocks

Semiconductors & Related Devices Industry

43rd out of 94 stocks

See Top Rated MarketRank™ Stocks Here
CSIQ stock logo

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.

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CSIQ Stock News Headlines

November 24, 2022 | americanbankingnews.com
Roth Capital Reiterates "Buy" Rating for Canadian Solar (NASDAQ:CSIQ)
November 23, 2022 | finance.yahoo.com
Canadian Solar Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag
November 22, 2022 | markets.businessinsider.com
Canadian Solar Q3 Profit Climbs; Sees Sequentially Lower Q4 Revenues
November 22, 2022 | finance.yahoo.com
Canadian Solar Registers 57% Revenue Growth In Q3 Aided By Solar Shipment Volumes & ASP
November 22, 2022 | seekingalpha.com
Canadian Solar Inc. (CSIQ) Q3 2022 Earnings Call Transcript
November 22, 2022 | finance.yahoo.com
Canadian Solar (CSIQ) Tops Q3 Earnings Estimates
November 22, 2022 | seekingalpha.com
Canadian Solar Sees Carve-Out Delays And Dollar Tailwinds
November 21, 2022 | americanbankingnews.com
Canadian Solar (CSIQ) Scheduled to Post Earnings on Tuesday
November 18, 2022 | seekingalpha.com
Canadian Solar launches operations at flagship Japan project
November 17, 2022 | finance.yahoo.com
Canadian Solar Announces Operation of 100 MWp Solar Project in Japan
November 15, 2022 | nz.finance.yahoo.com
Shoals Technologies Group (SHLS) Q3 Earnings and Revenues Top Estimates
November 3, 2022 | finance.yahoo.com
Canadian Solar Obtains European ECS and EPD Environmental Certifications for Its High-Efficiency Solar Modules
October 27, 2022 | finance.yahoo.com
Canadian Solar Inc. (CSIQ) is Attracting Investor Attention: Here is What You Should Know
October 26, 2022 | msn.com
Solar Stocks Are Charging Higher Today: What's Going On?
October 25, 2022 | finance.yahoo.com
There's Been No Shortage Of Growth Recently For Canadian Solar's (NASDAQ:CSIQ) Returns On Capital
October 19, 2022 | finance.yahoo.com
Canadian Solar Schedules Third Quarter 2022 Earnings Conference Call for November 22
October 18, 2022 | seekingalpha.com
Canadian Solar unveils world's largest single phase energy storage project
October 18, 2022 | finance.yahoo.com
Axium Infrastructure and Canadian Solar's Subsidiaries Recurrent Energy and CSI Energy Storage Announce Operation of World's Largest Single Phase Energy Storage Project
October 15, 2022 | fool.com
Canadian Solar (NASDAQ: CSIQ)
October 12, 2022 | finance.yahoo.com
ReneSola (SOL) Acquires Europe-Based Solar Developer Emeren
September 30, 2022 | theglobeandmail.com
Bullish on Canadian Solar Inc
September 29, 2022 | finance.yahoo.com
Is Trending Stock Canadian Solar Inc. (CSIQ) a Buy Now?
September 28, 2022 | finance.yahoo.com
Screen Of The Day: Solar Energy Stock Is Getting Noticed By Funds
September 28, 2022 | nasdaq.com
Canadian Solar (NASDAQ:CSIQ) Is Experiencing Growth In Returns On Capital
September 26, 2022 | finance.yahoo.com
Enphase's (ENPH) Microinverter Demand Surges in the Netherlands
See More Headlines
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CSIQ Company Calendar

Last Earnings
11/22/2022
Today
11/28/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

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

Price Target and Rating

Average Stock Price Forecast
$41.67
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+22.2%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.72
Trailing P/E Ratio
12.54
Forward P/E Ratio
13.17
P/E Growth
N/A
Net Income
$95.25 million
Net Margins
2.68%
Pretax Margin
4.40%
Return on Equity
8.12%
Return on Assets
2.10%

Debt

Debt-to-Equity Ratio
0.55
Current Ratio
1.17
Quick Ratio
0.84

Sales & Book Value

Annual Sales
$5.28 billion
Price / Sales
0.41
Cash Flow
$5.30 per share
Price / Cash Flow
6.44
Book Value
$33.21 per share
Price / Book
1.03

Miscellaneous

Outstanding Shares
64,151,000
Free Float
50,359,000
Market Cap
$2.19 billion
Optionable
Optionable
Beta
1.28

Social Links


Key Executives

  • Dr. Xiaohua Qu (Age 58)
    Chairman, Pres & CEO
  • Dr. Huifeng Chang (Age 56)
    Sr. VP, CFO & Director
  • Dr. Guoqiang Xing (Age 59)
    Sr. VP & CTO
  • Mr. Ed Job M.Sc.
    CFA, Managing Director of Investor Relations
  • Mr. Jianyi Zhang (Age 64)
    Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.
  • Mr. Yan Zhuang (Age 58)
    Director
  • Ms. Julie E. Ungerleider
    Managing Director of Global EPC - Global Energy Group
  • Mr. Ismael Guerrero Arias (Age 47)
    Corp. VP & Pres of the Energy business
  • Ms. Mary Ma
    Sr. Supervisor of Investor Relations
  • Ms. Zhang Zhang (Age 28)
    Director of Investor Relations & Strategic Analysis

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CSIQ Stock - Frequently Asked Questions

Should I buy or sell Canadian Solar stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CSIQ shares. 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 CSIQ analyst ratings or view top-rated stocks.

What is Canadian Solar's stock price forecast for 2023?

4 analysts have issued 1 year price targets for Canadian Solar's shares. Their CSIQ share price forecasts range from $38.00 to $45.00. On average, they expect the company's share price to reach $41.67 in the next year. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for CSIQ or view top-rated stocks among Wall Street analysts.

How have CSIQ shares performed in 2022?

Canadian Solar's stock was trading at $31.29 on January 1st, 2022. Since then, CSIQ stock has increased by 14.3% and is now trading at $35.75.
View the best growth stocks for 2022 here.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) issued its quarterly earnings data on Tuesday, November, 22nd. The solar energy provider reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.54. The solar energy provider had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.07 billion. Canadian Solar had a net margin of 2.68% and a trailing twelve-month return on equity of 8.12%. The business's quarterly revenue was up 57.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share.

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

Canadian Solar updated its fourth quarter 2022 earnings guidance on Tuesday, November, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.80 billion-$1.90 billion, compared to the consensus revenue estimate of $2.11 billion.

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

55 employees have rated Canadian Solar Chief Executive Officer Shawn X. Qu on Glassdoor.com. Shawn X. Qu has an approval rating of 74% among the company's employees. 58.0% of employees surveyed would recommend working at Canadian Solar to a friend.

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."

Who are Canadian Solar's major shareholders?

Canadian Solar's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.21%), Grantham Mayo Van Otterloo & Co. LLC (5.75%), Mackenzie Financial Corp (3.05%), Handelsbanken Fonder AB (3.01%), Vanguard Group Inc. (2.98%) and Group One Trading L.P. (0.00%).

How do I buy shares of Canadian Solar?

Shares of CSIQ stock 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 $35.75.

How much money does Canadian Solar make?

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $2.29 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 $2.72 on an earnings per share basis.

How many employees does Canadian Solar have?

The company 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..
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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 the company 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 11/28/2022 by MarketBeat.com Staff