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NASDAQ:CSIQ

Canadian Solar - CSIQ Stock Forecast, Price & News

$38.46
-0.26 (-0.67%)
(As of 03/28/2023 01:38 PM ET)
Add
Compare
Today's Range
$38.27
▼
$38.98
50-Day Range
$35.03
▼
$42.71
52-Week Range
$22.15
▼
$47.69
Volume
348,832 shs
Average Volume
1.20 million shs
Market Capitalization
$2.47 billion
P/E Ratio
11.18
Dividend Yield
N/A
Price Target
$42.00

Canadian Solar MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.8% Upside
$42.00 Price Target
Short Interest
Healthy
7.56% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.70mentions of Canadian Solar in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
34.70%
From $5.36 to $7.22 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Oils/Energy Sector

166th out of 247 stocks

Semiconductors & Related Devices Industry

64th out of 89 stocks

See Top Rated MarketRank™ Stocks Here

CSIQ stock logo

About Canadian Solar (NASDAQ:CSIQ) Stock

Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules and provides solar energy solutions. It operates through the Module and System Solutions (MSS) and Energy segments. The MSS segment involves in the design, development, manufacture, and sales of solar power products and solar system kits, and operation and maintenance services. The Energy segment comprises primarily of the development and sale of solar projects, operating solar power projects and the sale of electricity. The company was founded by Shawn Qu in October 2001 and is headquartered in Guelph, Canada.

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CSIQ Stock News Headlines

March 25, 2023 | americanbankingnews.com
Canadian Solar (NASDAQ:CSIQ) Downgraded to "Hold" at StockNews.com
March 25, 2023 | americanbankingnews.com
Canadian Solar Inc. (NASDAQ:CSIQ) Receives $42.00 Consensus PT from Analysts
March 28, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
March 24, 2023 | americanbankingnews.com
Canadian Solar (NASDAQ:CSIQ) Trading Down 4.1%
March 24, 2023 | americanbankingnews.com
Oppenheimer Comments on Canadian Solar Inc.'s Q1 2023 Earnings (NASDAQ:CSIQ)
March 23, 2023 | nasdaq.com
Canadian Solar (CSIQ) Crossed Above the 50-Day Moving Average: What That Means for Investors
March 23, 2023 | finance.yahoo.com
Canadian Solar (CSIQ) Is Attractively Priced Despite Fast-paced Momentum
March 23, 2023 | americanbankingnews.com
FY2023 Earnings Estimate for Canadian Solar Inc. (NASDAQ:CSIQ) Issued By Oppenheimer
March 28, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
March 23, 2023 | americanbankingnews.com
Canadian Solar (NASDAQ:CSIQ) Announces Earnings Results, Beats Estimates By $0.63 EPS
March 23, 2023 | americanbankingnews.com
Canadian Solar (NASDAQ:CSIQ) Shares Gap Up on Strong Earnings
March 22, 2023 | finance.yahoo.com
What Makes Canadian Solar (CSIQ) a New Strong Buy Stock
March 22, 2023 | markets.businessinsider.com
Canadian Solar Sees Q1 Revenues Below Market; Sees Higher FY23 Revenues - Update
March 22, 2023 | finance.yahoo.com
Canadian Solar (CSIQ) Q4 Earnings Beat, Revenues Rise Y/Y
March 21, 2023 | nasdaq.com
Why Canadian Solar's Stock Popped 16.5% on Tuesday
March 21, 2023 | msn.com
Canadian Solar cruises past Q4 earnings estimates as module shipments surge
March 21, 2023 | finance.yahoo.com
Why Canadian Solar Shares Are Gaining Today
March 21, 2023 | finance.yahoo.com
These 2 Stocks Are Having Their Day in the Sun
March 21, 2023 | finance.yahoo.com
Canadian Solar Fourth-Quarter Earnings Beat Estimates On Strong Solar Module Shipments
March 21, 2023 | finanznachrichten.de
Canadian Solar Inc.: Canadian Solar Reports Fourth Quarter and Full Year 2022 Results
March 21, 2023 | markets.businessinsider.com
Canadian Solar is about to announce its earnings — here's what to expect
March 21, 2023 | finance.yahoo.com
Canadian Solar Reports Fourth Quarter and Full Year 2022 Results
March 20, 2023 | americanbankingnews.com
Canadian Solar (CSIQ) to Release Earnings on Tuesday
March 18, 2023 | americanbankingnews.com
Head-To-Head Survey: Canadian Solar (NASDAQ:CSIQ) and Credo Technology Group (NASDAQ:CRDO)
March 14, 2023 | finance.yahoo.com
Why Canadian Solar (CSIQ) Might Surprise This Earnings Season
March 14, 2023 | finance.yahoo.com
Canadian Solar (CSIQ) Reports Next Week: Wall Street Expects Earnings Growth
March 13, 2023 | finance.yahoo.com
Canadian Solar (CSIQ) Stock Moves -0.13%: What You Should Know
See More Headlines
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CSIQ Company Calendar

Last Earnings
3/21/2023
Today
3/28/2023
Next Earnings (Estimated)
5/23/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
NASDAQ:CSIQ
CUSIP
N/A
CIK
1375877
Web
www.canadiansolar.com
Phone
(519) 837-1881
Fax
519-837-2550
Employees
13,535
Year Founded
2001

Price Target and Rating

Average Stock Price Forecast
$42.00
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+8.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.44
Trailing P/E Ratio
11.26
Forward P/E Ratio
7.22
P/E Growth
N/A
Net Income
$95.25 million
Net Margins
3.21%
Pretax Margin
4.77%
Return on Equity
11.06%
Return on Assets
2.79%

Debt

Debt-to-Equity Ratio
0.45
Current Ratio
1.08
Quick Ratio
0.84

Sales & Book Value

Annual Sales
$7.47 billion
Price / Sales
0.33
Cash Flow
$5.56 per share
Price / Cash Flow
6.96
Book Value
$33.21 per share
Price / Book
1.17

Miscellaneous

Outstanding Shares
64,150,000
Free Float
50,359,000
Market Cap
$2.48 billion
Optionable
Optionable
Beta
1.46

Social Links


Key Executives

  • Shawn Qu
    Chairman & Chief Executive Officer
  • Hui Feng Chang
    Chief Financial Officer, Director & Senior VP
  • Jian Yi Zhang
    Chief Compliance Officer, SVP & General Counsel
  • Ismael Guerrero-Arias
    Vice President & President-Energy Group
  • Thomas Koerner
    Vice President-Modules & Systems Business Unit

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













CSIQ Stock - Frequently Asked Questions

Should I buy or sell Canadian Solar stock right now?

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

What is Canadian Solar's stock price forecast for 2023?

5 equities research analysts have issued 1 year price targets for Canadian Solar's stock. Their CSIQ share price forecasts range from $36.00 to $46.00. On average, they expect the company's stock price to reach $42.00 in the next year. This suggests a possible upside of 8.5% from the stock's current price.
View analysts price targets for CSIQ or view top-rated stocks among Wall Street analysts.

How have CSIQ shares performed in 2023?

Canadian Solar's stock was trading at $30.90 at the beginning of the year. Since then, CSIQ shares have increased by 25.3% and is now trading at $38.72.
View the best growth stocks for 2023 here.

When is Canadian Solar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
View our CSIQ earnings forecast.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) announced its quarterly earnings results on Tuesday, March, 21st. The solar energy provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.63. The solar energy provider earned $1.97 billion during the quarter, compared to analyst estimates of $1.97 billion. Canadian Solar had a net margin of 3.21% and a trailing twelve-month return on equity of 11.06%. Canadian Solar's quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the business earned $0.17 earnings per share.

What ETFs hold Canadian Solar's stock?

ETFs with the largest weight of Canadian Solar (NASDAQ:CSIQ) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SmartETFs Sustainable Energy II ETF (SOLR), SPDR S&P Kensho Clean Power ETF (CNRG), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), Invesco Solar ETF (TAN), Fidelity Clean Energy ETF (FRNW), AXS Green Alpha ETF (NXTE) and Global X CleanTech ETF (CTEC).

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

Canadian Solar updated its FY 2023 earnings guidance on Tuesday, March, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.50 billion-$9.50 billion, compared to the consensus revenue estimate of $9.88 billion.

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

55 employees have rated Canadian Solar Chief Executive Officer Shawn X. Qu on Glassdoor.com. Shawn X. Qu has an approval rating of 74% among the company's employees. 58.0% of employees surveyed would recommend working at Canadian Solar to a friend.

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 many different retail and institutional investors. Top institutional shareholders include Handelsbanken Fonder AB (3.25%), Mackenzie Financial Corp (3.16%), Schroder Investment Management Group (2.99%), Group One Trading L.P. (0.00%), Susquehanna International Group LLP (0.00%) and Guinness Asset Management LTD (1.44%).

How do I buy shares of Canadian Solar?

Shares of CSIQ stock 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 $38.72.

How much money does Canadian Solar make?

Canadian Solar (NASDAQ:CSIQ) has a market capitalization of $2.48 billion and generates $7.47 billion in revenue each year. The solar energy provider earns $239.97 million in net income (profit) each year or $3.44 on an earnings per share basis.

How many employees does Canadian Solar have?

The company 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
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 the company is www.canadiansolar.com. The solar energy provider can be reached via phone at (519) 837-1881, via email at investor@canadiansolar.com, or via fax at 519-837-2550.

This page (NASDAQ:CSIQ) was last updated on 3/28/2023 by MarketBeat.com Staff