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NASDAQ:CSIQ

Canadian Solar Stock Forecast, Price & News

$32.69
-1.26 (-3.71%)
(As of 06/28/2022 11:44 AM ET)
Add
Compare
Today's Range
$32.69
$34.16
50-Day Range
$22.54
$35.61
52-Week Range
$22.15
$48.35
Volume
9,194 shs
Average Volume
779,073 shs
Market Capitalization
$1.96 billion
P/E Ratio
26.58
Dividend Yield
N/A
Price Target
$38.60
30 days | 90 days | 365 days | Advanced Chart

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CSIQ Stock Forecast (MarketRank)

Overall MarketRank

1.87 out of 5 stars

Oils/Energy Sector

193rd out of 391 stocks

Semiconductors & Related Devices Industry

72nd out of 124 stocks

Analyst Opinion: 2.0Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
Canadian Solar logo

About Canadian Solar (NASDAQ:CSIQ)

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.

CSIQ Stock News Headlines

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Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CSIQ
Employees
13,535
Year Founded
2001

Company Calendar

Last Earnings
5/24/2022
Today
6/28/2022
Next Earnings (Estimated)
8/11/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$38.60
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+18.1%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
5 Analysts

Profitability

Net Income
$95.25 million
Pretax Margin
2.10%

Debt

Sales & Book Value

Annual Sales
$5.28 billion
Cash Flow
$5.98 per share
Book Value
$35.44 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.96 billion
Optionable
Optionable
Beta
1.46

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Canadian Solar Frequently Asked Questions

Should I buy or sell Canadian Solar stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Canadian Solar stock. 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 analyst ratings for Canadian Solar
or view top-rated stocks.

What is Canadian Solar's stock price forecast for 2022?

5 Wall Street analysts have issued 1 year price targets for Canadian Solar's stock. Their CSIQ stock forecasts range from $18.00 to $47.00. On average, they expect Canadian Solar's stock price to reach $38.60 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
View analysts' price targets for Canadian Solar
or view top-rated stocks among Wall Street analysts.

How has Canadian Solar's stock price performed in 2022?

Canadian Solar's stock was trading at $31.29 at the beginning of 2022. Since then, CSIQ shares have increased by 4.5% and is now trading at $32.69.
View the best growth stocks for 2022 here
.

When is Canadian Solar's next earnings date?

Canadian Solar is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for Canadian Solar
.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) issued its quarterly earnings data on Tuesday, May, 24th. The solar energy provider reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.31. The solar energy provider earned $1.25 billion during the quarter, compared to analysts' expectations of $1.31 billion. Canadian Solar had a net margin of 1.50% and a trailing twelve-month return on equity of 2.86%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share.
View Canadian Solar's earnings history
.

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

Canadian Solar updated its second quarter 2022 earnings guidance on Tuesday, June, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.20 billion-$2.30 billion, compared to the consensus revenue estimate of $1.75 billion.

Who are Canadian Solar's key executives?

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

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

36 employees have rated Canadian Solar CEO Shawn X. Qu on Glassdoor.com. Shawn X. Qu has an approval rating of 74% among Canadian Solar's employees.

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.10%), Mackenzie Financial Corp (4.34%), Invesco Ltd. (4.16%), Vanguard Group Inc. (2.84%), Guinness Asset Management LTD (1.36%) and DNB Asset Management AS (1.33%).

Which major investors are selling Canadian Solar stock?

CSIQ stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Invesco Ltd., Jane Street Group LLC, Group One Trading L.P., Burney Co., First Trust Advisors LP, DNB Asset Management AS, and Goldman Sachs Group Inc..

Which major investors are buying Canadian Solar stock?

CSIQ stock was acquired by a variety of institutional investors in the last quarter, including PEAK6 Investments LLC, Broad Peak Investment Holdings Ltd., Vontobel Holding Ltd., PDT Partners LLC, Mackenzie Financial Corp, Russell Investments Group Ltd., Capital Fund Management S.A., and Eaton Vance Management.

How do I buy shares of Canadian Solar?

Shares of CSIQ 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 $32.69.

How much money does Canadian Solar make?

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $1.96 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 $1.23 on an earnings per share basis.

How many employees does Canadian Solar have?

Canadian Solar 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..
Read More

When was Canadian Solar founded?

Canadian Solar was founded in 2001.

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 Canadian Solar is www.canadiansolar.com. The solar energy provider can be reached via phone at (519) 837-1881, via email at [email protected], or via fax at 519-837-2550.

This page (NASDAQ:CSIQ) was last updated on 6/28/2022 by MarketBeat.com Staff

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