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NASDAQ:CSIQ

Canadian Solar Stock Forecast, Price & News

$36.62
+1.37 (+3.89 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$35.55
$37.01
50-Day Range
$35.25
$49.63
52-Week Range
$16.25
$67.39
Volume1.35 million shs
Average Volume2.16 million shs
Market Capitalization$2.19 billion
P/E Ratio10.61
Dividend YieldN/A
Beta1.55
30 days | 90 days | 365 days | Advanced Chart
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Canadian Solar logo

About Canadian Solar

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company's primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada.

Headlines

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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:CSIQ
CUSIPN/A
Phone519-837-1881
Employees12,774
Year Founded2001

Sales & Book Value

Annual Sales$3.20 billion
Cash Flow$3.51 per share
Book Value$24.00 per share

Profitability

Net Income$171.59 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$2.19 billion
Next Earnings Date5/20/2021 (Confirmed)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.16 out of 5 stars

Oils/Energy Sector

29th out of 664 stocks

Semiconductors & Related Devices Industry

15th out of 147 stocks

Analyst Opinion: 3.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 4.4 5 -4 -3 -2 -1 -
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Canadian Solar (NASDAQ:CSIQ) Frequently Asked Questions

Is Canadian Solar a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Canadian Solar stock.
View analyst ratings for Canadian Solar
or view top-rated stocks.

What stocks does MarketBeat like better than Canadian Solar?

Wall Street analysts have given Canadian Solar a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Canadian Solar wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Canadian Solar's next earnings date?

Canadian Solar is scheduled to release its next quarterly earnings announcement on Thursday, May 20th 2021.
View our earnings forecast for Canadian Solar
.

How can I listen to Canadian Solar's earnings call?

Canadian Solar will be holding an earnings conference call on Thursday, May 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) posted its quarterly earnings data on Wednesday, March, 17th. The solar energy provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.66. The solar energy provider earned $1.04 billion during the quarter, compared to the consensus estimate of $997.86 million. Canadian Solar had a net margin of 6.19% and a trailing twelve-month return on equity of 10.28%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share.
View Canadian Solar's earnings history
.

How has Canadian Solar's stock been impacted by COVID-19?

Canadian Solar's stock was trading at $17.89 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CSIQ shares have increased by 104.7% and is now trading at $36.62.
View which stocks have been most impacted by COVID-19
.

How will Canadian Solar's stock buyback program work?

Canadian Solar announced that its Board of Directors has authorized a share buyback program on Monday, December 9th 2019, which permits the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 13% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

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

Canadian Solar updated its FY 2021 Pre-Market earnings guidance on Thursday, March, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.6-6 billion, compared to the consensus revenue estimate of $4.93 billion.

What price target have analysts set for CSIQ?

8 analysts have issued 1 year price targets for Canadian Solar's shares. Their forecasts range from $22.00 to $71.00. On average, they anticipate Canadian Solar's stock price to reach $51.56 in the next year. This suggests a possible upside of 40.8% from the stock's current price.
View analysts' price targets for Canadian Solar
or view top-rated stocks among Wall Street analysts.

Who are Canadian Solar's key executives?

Canadian Solar's management team includes the following people:
  • Dr. Xiaohua Qu, Chairman & CEO (Age 57)
  • Dr. Huifeng Chang, Sr. VP, CFO & Director (Age 55)
  • Dr. Guoqiang Xing, Sr. VP & CTO (Age 58)
  • Mr. Ed Job CFA, Managing Director of Investor Relations
  • Mr. Jianyi Zhang, Sr. VP, Gen. Counsel & Chief Compliance Officer (Age 63)
  • Mr. Yan Zhuang, Director (Age 57)
  • Ms. Julie E. Ungerleider, Managing Director of Global EPC - Global Energy Group
  • Mr. Ismael Guerrero Arias, Corp. VP & Pres of the Energy business (Age 46)
  • Ms. Mary Ma, Sr. Supervisor of Investor Relations

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.

Who are some of Canadian Solar's key competitors?

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.53%), Grantham Mayo Van Otterloo & Co. LLC (1.75%), Arrowstreet Capital Limited Partnership (0.73%), DnB Asset Management AS (0.72%), Guinness Asset Management LTD (0.64%) and Handelsbanken Fonder AB (0.51%).

Which major investors are selling Canadian Solar stock?

CSIQ stock was sold by a variety of institutional investors in the last quarter, including Vontobel Holding Ltd., Citigroup Inc., Northern Trust Corp, UBS Group AG, BNP Paribas Arbitrage SA, Alliancebernstein L.P., Russell Investments Group Ltd., and Vident Investment Advisory LLC.

Which major investors are buying Canadian Solar stock?

CSIQ stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Grantham Mayo Van Otterloo & Co. LLC, Bank of New York Mellon Corp, Reilly Financial Advisors LLC, DnB Asset Management AS, Guinness Asset Management LTD, Harel Insurance Investments & Financial Services Ltd., and Handelsbanken Fonder AB.

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 $36.62.

How much money does Canadian Solar make?

Canadian Solar has a market capitalization of $2.19 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.

How many employees does Canadian Solar have?

Canadian Solar employs 12,774 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..

When was Canadian Solar founded?

Canadian Solar was founded in 2001.

What is Canadian Solar's official website?

The official website for Canadian Solar is www.canadiansolar.com.

Where are Canadian Solar's headquarters?

Canadian Solar is headquartered at 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, N1K 1E6.

How can I contact Canadian Solar?

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]


This page was last updated on 5/15/2021 by MarketBeat.com Staff
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