NASDAQ:CSIQCanadian Solar Stock Price, Forecast & News

Canadian Solar's stock was trading at $17.89 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CSIQ stock has increased by 41.5% and is now trading at $25.32.
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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 Inc. (NASDAQ:CSIQ) announced its quarterly earnings data on Friday, August, 7th. The solar energy provider reported $0.09 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.04) by $0.13. The solar energy provider had revenue of $695.50 million for the quarter, compared to the consensus estimate of $662.94 million. Canadian Solar had a return on equity of 16.69% and a net margin of 8.45%. The company's revenue was down 32.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share.
View Canadian Solar's earnings history.

Canadian Solar declared that its Board of Directors has approved a share repurchase program on Monday, December 9th 2019, which allows the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 13% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Canadian Solar updated its third quarter 2020 Pre-Market earnings guidance on Friday, August, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $840-890 million, compared to the consensus revenue estimate of $863.09 million.

6 brokers have issued 12-month price targets for Canadian Solar's stock. Their forecasts range from $22.00 to $33.00. On average, they anticipate Canadian Solar's share price to reach $29.00 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
View analysts' price targets for Canadian Solar.

News articles about CSIQ stock have been trending very positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Canadian Solar earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave news articles 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 company's share price in the near term.
View the latest news about Canadian Solar.

Some companies that are related to Canadian Solar include Cabot Microelectronics (CCMP), Silicon Laboratories (SLAB), SUMCO CORP/ADR (SUOPY), Lattice Semiconductor (LSCC), Dialog Semiconductor (DLGNF), Semtech (SMTC), Cirrus Logic (CRUS), Power Integrations (POWI), BE Semiconductor Industrs (BESIY), Viavi Solutions (VIAV), AU Optronics (AUOTY), AU Optronics (AUO), Amkor Technology (AMKR), Synaptics (SYNA) and Acacia Communications (ACIA).
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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 a number of institutional and retail investors. Top institutional investors 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 bought by a variety of institutional investors in the last quarter, including DekaBank Deutsche Girozentrale, Assenagon Asset Management S.A., Trexquant Investment LP, New York State Common Retirement Fund, First Trust Advisors LP, Guinness Asset Management LTD, Cambridge Investment Research Advisors Inc., and Guinness Atkinson Asset Management 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 $25.32.

Canadian Solar has a market capitalization of $1.50 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]