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 1.7% and is now trading at $18.20. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 1 hold rating and 3 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 Thursday, May 28th 2020. View our earnings forecast for Canadian Solar.

Canadian Solar will be holding an earnings conference call on Thursday, May 28th 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) posted its quarterly earnings results on Thursday, March, 26th. The solar energy provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.59. The solar energy provider earned $920 million during the quarter, compared to analyst estimates of $866.05 million. Canadian Solar had a net margin of 5.36% and a return on equity of 9.82%. Canadian Solar's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS. View Canadian Solar's earnings history.

Canadian Solar declared that its board has approved a stock buyback program on Monday, December 9th 2019, which allows the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 13% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Canadian Solar issued an update on its first quarter 2020 Pre-Market earnings guidance on Thursday, March, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $780-810 million, compared to the consensus revenue estimate of $888.06 million.

4 analysts have issued 1 year price targets for Canadian Solar's shares. Their forecasts range from $25.00 to $32.00. On average, they expect Canadian Solar's share price to reach $29.00 in the next year. This suggests a possible upside of 59.3% from the stock's current price. View analysts' price targets for Canadian Solar.

News articles about CSIQ stock have been trending very negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canadian Solar earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news stories 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 stock's share price in the next few days. View the latest news aboutCanadian Solar.

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

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 retail and institutional investors. Top institutional shareholders include Schroder Investment Management Group (7.25%), BlackRock Inc. (4.05%), Morgan Stanley (3.42%), Invesco Ltd. (2.89%), Connor Clark & Lunn Investment Management Ltd. (2.29%) and Luminus Management LLC (1.04%).

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.

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, Bogle Investment Management L P DE, Grantham Mayo Van Otterloo & Co. LLC, State Street Corp, and BNP Paribas Arbitrage SA.

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 $18.20.

Canadian Solar has a market capitalization of $1.08 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]