NASDAQ:CSIQ - Canadian Solar Stock Price, Forecast & News

Canadian Solar trades on the NASDAQ under the ticker symbol "CSIQ."

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

Canadian Solar Inc. (NASDAQ:CSIQ) announced its earnings results on Tuesday, November, 12th. The solar energy provider reported $0.66 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.88 by $0.22. The solar energy provider had revenue of $759.90 million for the quarter, compared to analyst estimates of $799.55 million. Canadian Solar had a net margin of 6.77% and a return on equity of 12.91%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. View Canadian Solar's Earnings History.

Canadian Solar is scheduled to release their next quarterly earnings announcement on Thursday, March 19th 2020. View Earnings Estimates for Canadian Solar.

Canadian Solar updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$3.13-3.16 billion, compared to the consensus revenue estimate of $$3.63 billion.

6 brokers have issued twelve-month price objectives for Canadian Solar's stock. Their forecasts range from $23.00 to $32.00. On average, they anticipate Canadian Solar's share price to reach $27.50 in the next twelve months. This suggests a possible upside of 30.5% from the stock's current price. View Analyst Price Targets for Canadian Solar.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canadian Solar.

Media coverage about CSIQ stock has trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Canadian Solar earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media headlines about the solar energy provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Canadian Solar.

Canadian Solar saw a drop in short interest in January. As of January 15th, there was short interest totalling 3,370,000 shares, a drop of 14.7% from the December 31st total of 3,950,000 shares. Based on an average daily volume of 894,600 shares, the days-to-cover ratio is presently 3.8 days. Approximately 7.4% of the shares of the company are sold short. View Canadian Solar's Current Options Chain.

Some companies that are related to Canadian Solar include SUMCO CORP/ADR (SUOPY), Cirrus Logic (CRUS), Cabot Microelectronics (CCMP), Enphase Energy (ENPH), Inphi (IPHI), Dialog Semiconductor (DLGNF), Viavi Solutions (VIAV), Semtech (SMTC), BE Semiconductor Industrs (BESIY), AU Optronics (AUOTY), Amkor Technology (AMKR), Power Integrations (POWI), Diodes (DIOD), Lattice Semiconductor (LSCC) and Finisar (FNSR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Solar investors own include First Solar (FSLR), Tesla (TSLA), Netflix (NFLX), Micron Technology (MU), JinkoSolar (JKS), Ambarella (AMBA), SunPower (SPWR), Gilead Sciences (GILD), Alibaba Group (BABA) and NVIDIA (NVDA).

Canadian Solar's stock is owned by a number of of institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.24%), Assenagon Asset Management S.A. (0.08%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%).

CSIQ stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A. and Hennessy Advisors Inc..

CSIQ stock was bought by a variety of institutional investors in the last quarter, including Zurcher Kantonalbank Zurich Cantonalbank .

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 $21.08.

Canadian Solar has a market capitalization of $1.25 billion and generates $3.74 billion in revenue each year. The solar energy provider earns $237.07 million in net income (profit) each year or $3.28 on an earnings per share basis. Canadian Solar employs 12,442 workers across the globe.View Additional Information About Canadian Solar.

The official website for Canadian Solar is http://www.canadiansolar.com/.

Canadian Solar's mailing address is 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, 215129. The solar energy provider can be reached via phone at 519-837-1881 or via email at [email protected]