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NASDAQ:CSIQ

Canadian Solar Stock Forecast, Price & News

$32.18
+2.28 (+7.63 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$29.77
Now: $32.18
$32.37
50-Day Range
$23.62
MA: $28.42
$33.75
52-Week Range
$12.00
Now: $32.18
$34.87
Volume2.78 million shs
Average Volume1.15 million shs
Market Capitalization$1.91 billion
P/E Ratio7.55
Dividend YieldN/A
Beta1.68
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems. The company also provides specialty solar products consisting of Andes Solar Home System, an off-grid solar system that provides an economical source of electricity to homes and communities without access to grid; and Maple Solar System, a clean energy solution for families, as well as solar system kits, which are a ready-to-install packages that consist inverters, racking systems, and other accessories. In addition, it develops, builds, and sells solar power projects; performs engineering, procurement, and construction (EPC) work for solar power projects; and offers operation and maintenance services that include inspection, repair, and replacement of plant equipment, site management, and administrative support services. Further, the company generates and sells electricity through its solar plants with an aggregate capacity of approximately 1,211.1 megawatts. Canadian Solar Inc. offers its products to distributors, system integrators, project developers, and installers/EPC companies. The company has operations in North America, South America, Europe, Africa, the Middle East, Australia, and Asia. Canadian Solar Inc. was founded in 2001 and is based in Guelph, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 4.4 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.80 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:CSIQ
CUSIPN/A
Phone519-837-1881

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.20 billion
Cash Flow$5.34 per share
Book Value$24.00 per share

Profitability

Net Income$171.59 million

Miscellaneous

Employees12,442
Market Cap$1.91 billion
Next Earnings Date11/10/2020 (Estimated)
OptionableOptionable
$32.18
+2.28 (+7.63 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Canadian Solar (NASDAQ:CSIQ) Frequently Asked Questions

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

Canadian Solar's stock was trading at $17.89 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CSIQ stock has increased by 79.9% and is now trading at $32.18.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Canadian Solar?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Canadian Solar
.

When is Canadian Solar's next earnings date?

Canadian Solar is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
View our earnings forecast for Canadian Solar
.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) issued its quarterly earnings results on Friday, August, 7th. The solar energy provider reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.13. The solar energy provider earned $695.50 million during the quarter, compared to analysts' expectations of $662.94 million. Canadian Solar had a return on equity of 13.22% and a net margin of 8.04%. The business's revenue for the quarter was down 32.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS.
View Canadian Solar's earnings history
.

How will Canadian Solar's stock buyback program work?

Canadian Solar declared that its board has authorized a stock repurchase plan 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 buy up to 13% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

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

Canadian Solar updated its third quarter 2020 Pre-Market earnings guidance on Friday, August, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $840-890 million, compared to the consensus revenue estimate of $863.09 million.

What price target have analysts set for CSIQ?

5 brokers have issued 1 year price objectives for Canadian Solar's shares. Their forecasts range from $22.00 to $33.00. On average, they expect Canadian Solar's stock price to reach $28.75 in the next year. This suggests that the stock has a possible downside of 10.7%.
View analysts' price targets for Canadian Solar
.

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), Gilead Sciences (GILD), Tesla (TSLA), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Netflix (NFLX), Advanced Micro Devices (AMD) and SunPower (SPWR).

Who are Canadian Solar's key executives?

Canadian Solar's management team includes the following people:
  • Dr. Xiaohua Qu, Chairman, Pres & CEO (Age 55)
  • Mr. Arthur Chien, Sr. VP, Chief Strategy Officer & Pres of Energy Bus. (Age 58)
  • Mr. Yan Zhuang, Sr. VP, Chief Commercial Officer and Pres of Modules & Systems Solutions Bus. (Age 55)
  • Dr. Huifeng Chang, Sr. VP & CFO (Age 53)
  • Mr. Guangchun Zhang, Sr. VP & COO (Age 62)

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (2.61%), Grantham Mayo Van Otterloo & Co. LLC (1.86%), Assenagon Asset Management S.A. (0.69%), Marshall Wace North America L.P. (0.65%), Goldman Sachs Group Inc. (0.58%) and Marshall Wace LLP (0.49%).

Which major investors are selling Canadian Solar stock?

CSIQ stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Luminus Management LLC, Vanguard Group Inc., Jefferies Group LLC, Shelton Capital Management, SG Americas Securities LLC, PDT Partners LLC, and California Public Employees Retirement System.

Which major investors are buying Canadian Solar stock?

CSIQ stock was bought by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, Marshall Wace North America L.P., Marshall Wace LLP, Cubist Systematic Strategies LLC, DekaBank Deutsche Girozentrale, ClariVest Asset Management LLC, Assenagon Asset Management S.A., and Sei Investments Co..

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Canadian Solar's stock price today?

One share of CSIQ stock can currently be purchased for approximately $32.18.

How big of a company is Canadian Solar?

Canadian Solar has a market capitalization of $1.91 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.

What is Canadian Solar's official website?

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

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 9/26/2020 by MarketBeat.com Staff

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