Canadian Solar Inc. is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment. It designs, develops and manufactures solar wafers, solar cells and solar power products. The module segment primarily involves the design, development, manufacturing and sale of a range of solar power products, including standard solar modules and specialty solar products, and solar system kits. Its energy development segment consists of solar power project development, engineering, procurement and construction services, and operation and maintenance services. Its electricity generation segment consists of holding solar power projects for the purpose of generating income from the sale of electricity to the local or national grid or other power purchasers.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Photovoltaic Solar Systems & Equipment
- Sub-Industry: N/A
- Symbol: NASDAQ:CSIQ
- CUSIP: N/A
- Web: www.canadiansolar.com
Capitalization:- Market Cap: $954.73 million
- Outstanding Shares: 57,947,000
Average Prices:- 50 Day Moving Avg: $16.38
- 200 Day Moving Avg: $14.49
- 52 Week Range: $10.25 - $18.12
P/E:- Trailing P/E Ratio: 39.00
- Foreward P/E Ratio: 8.85
- P/E Growth: 0.29
Sales & Book Value:- Annual Revenue: $2.7 billion
- Price / Sales: 0.35
- Book Value: $16.00 per share
- Price / Book: 1.03
Profitability:- EBIDTA: $150.16 million
- Net Margins: 1.01%
- Return on Equity: 1.71%
- Return on Assets: 0.29%
Debt:- Debt-to-Equity Ratio: 0.42%
- Current Ratio: 0.95%
- Quick Ratio: 0.88%
Misc:- Average Volume: 1.37 million shs.
- Beta: 3.12
- Short Ratio: 4.31
Frequently Asked Questions for Canadian Solar (NASDAQ:CSIQ)
What is Canadian Solar's stock symbol?
Canadian Solar trades on the NASDAQ under the ticker symbol "CSIQ."
How were Canadian Solar's earnings last quarter?
Canadian Solar Inc. (NASDAQ:CSIQ) announced its quarterly earnings data on Monday, August, 14th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.01. The firm had revenue of $692.37 million for the quarter, compared to analyst estimates of $631.05 million. Canadian Solar had a net margin of 1.01% and a return on equity of 1.71%. The business's quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. View Canadian Solar's Earnings History.
When will Canadian Solar make its next earnings announcement?
Where is Canadian Solar's stock going? Where will Canadian Solar's stock price be in 2017?
9 brokerages have issued twelve-month target prices for Canadian Solar's shares. Their forecasts range from $12.00 to $31.00. On average, they anticipate Canadian Solar's share price to reach $17.29 in the next twelve months. View Analyst Ratings for Canadian Solar.
Who are some of Canadian Solar's key competitors?
Some companies that are related to Canadian Solar include Covanta Holding Corporation (CVA), C&J Energy Services (CJ), SM Energy Company (SM), Whiting Petroleum Corporation (WLL), Diamond Offshore Drilling (DO), Black Stone Minerals, L.P. (BSM), Arch Coal, Inc. Class A (ARCH), Frank's International N.V. (FI), Tullow Oil PLC (TUWOY), Dril-Quip (DRQ), Superior Energy Services (SPN), Alliance Holdings GP, L.P. (AHGP), Ensco Plc (ESV), Golar LNG Partners LP (GMLP), Rice Midstream Partners LP (RMP), Summit Midstream Partners, LP (SMLP), Western Refining Logistics, LP (WNRL) and Suburban Propane Partners, L.P. (SPH).
Who are Canadian Solar's key executives?
Canadian Solar's management team includes the folowing people:
- Xiaohua Qu Ph.D., Chairman of the Board, President, Chief Executive Officer
- Huifeng Chang, Chief Financial Officer, Senior Vice President
- Guangchun Zhang, Chief Operation Officer
- Jianyi Zhang, Senior Vice President, Chief Compliance Officer, General Counsel
- Yan Zhuang, Senior Vice President, Chief Commercial Officer
- Ty Daulhas, Group Vice President, Americas
- Robert McDermott, Lead Independent Director
- Lars-Eric E. Johansson, Independent Director
- Harry E. Ruda, Independent Director
- Luen Cheung Wong, Independent Director
Who owns Canadian Solar stock?
Canadian Solar's stock is owned by a variety of of retail and institutional investors. Top institutional investors include DnB Asset Management AS (6.65%), Quentec Asset Management LLC (4.67%), Grosvenor Capital Management L.P. (2.28%), Prescott Group Capital Management L.L.C. (1.15%), Calamos Advisors LLC (0.49%) and Delta Lloyd Asset Management N.V. (0.40%). View Institutional Ownership Trends for Canadian Solar.
Who sold Canadian Solar stock? Who is selling Canadian Solar stock?
Canadian Solar's stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS, Grosvenor Capital Management L.P., SG Americas Securities LLC, Guinness Atkinson Asset Management Inc, Raymond James Financial Services Advisors Inc., Tradition Capital Management LLC and Royal Bank of Canada. View Insider Buying and Selling for Canadian Solar.
Who bought Canadian Solar stock? Who is buying Canadian Solar stock?
Canadian Solar's stock was purchased by a variety of institutional investors in the last quarter, including Quentec Asset Management LLC, Calamos Advisors LLC, Delta Lloyd Asset Management N.V., Quantitative Investment Management LLC, Cipher Capital LP, Fox Run Management L.L.C., Virtu KCG Holdings LLC and Tower Research Capital LLC TRC. View Insider Buying and Selling for Canadian Solar.
How do I buy Canadian Solar stock?
Shares of Canadian Solar can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Canadian Solar's stock price today?
One share of Canadian Solar stock can currently be purchased for approximately $16.46.
MarketBeat Community Rating for Canadian Solar (NASDAQ CSIQ)MarketBeat's community ratings are surveys of what our community members think about Canadian Solar and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Canadian Solar (NASDAQ:CSIQ) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 6 Hold Ratings, 2 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.11) |
| Consensus Price Target: | $17.29 (5.02% upside) |
Analysts' Ratings History for Canadian Solar (NASDAQ:CSIQ)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/26/2017 | Axiom Securities | Reiterated Rating | Buy | | Low |  |
| 8/21/2017 | Barclays PLC | Downgrade | Equal Weight -> Underweight | $12.00 -> $14.00 | High | |
| 8/15/2017 | FBR & Co | Reiterated Rating | Neutral | $13.00 -> $15.00 | Medium | |
| 8/15/2017 | Cowen and Company | Reiterated Rating | Market Perform | $16.00 -> $17.00 | Medium | |
| 4/20/2017 | Oppenheimer Holdings, Inc. | Reiterated Rating | Outperform | $31.00 | Low | |
| 3/22/2017 | Roth Capital | Set Price Target | Hold | $12.00 | Medium | |
| 3/22/2017 | J P Morgan Chase & Co | Lower Price Target | Neutral | $16.00 -> $14.00 | High | |
| 12/21/2016 | Guggenheim | Reiterated Rating | Neutral | | N/A | |
| 11/22/2016 | JMP Securities | Reiterated Rating | Hold | | N/A | |
| 9/6/2016 | Standpoint Research | Reiterated Rating | Buy | $18.00 | N/A | |
| 8/19/2016 | Canaccord Genuity | Set Price Target | Buy | $29.00 -> $20.00 | N/A | |
| 8/3/2016 | Morgan Stanley | Downgrade | Overweight -> Underweight | $24.00 -> $12.80 | N/A | |
| 3/29/2016 | Stifel Nicolaus | Reiterated Rating | Buy | $28.00 | N/A | |
| 3/16/2016 | Northland Securities | Initiated Coverage | Outperform | $36.00 | N/A | |
(Data available from 9/26/2015 forward)
Earnings History for Canadian Solar (NASDAQ:CSIQ)Earnings History by Quarter for Canadian Solar (NASDAQ CSIQ)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/20/2017 | | $0.34 | | | | | N/A | |
| 8/14/2017 | 6/30/2017 | ($0.16) | ($0.15) | $631.05 million | $692.37 million | View | N/A | |
| 6/6/2017 | 3/31/2017 | $0.04 | ($0.10) | $580.45 million | $677.00 million | View | Listen | |
| 3/21/2017 | 12/31/2016 | $0.32 | $0.24 | $698.57 million | $668.40 million | View | Listen | |
| 11/21/2016 | Q316 | $0.24 | $0.27 | $685.28 million | $657.30 million | View | Listen | |
| 8/18/2016 | Q216 | $0.37 | $0.68 | $735.82 million | $805.90 million | View | Listen | |
| 5/11/2016 | Q116 | $0.14 | $0.39 | $663.74 million | $721.40 million | View | Listen | |
| 3/10/2016 | Q415 | $0.76 | $1.05 | $998.49 million | $1.12 billion | View | Listen | |
| 11/10/2015 | Q315 | $0.28 | $0.79 | $616.09 million | $849.80 million | View | Listen | |
| 8/18/2015 | Q215 | $0.13 | $0.31 | $592.50 million | $636.70 million | View | Listen | |
| 5/7/2015 | Q115 | $0.75 | $1.04 | $735.12 million | $860.90 million | View | Listen | |
| 3/5/2015 | Q414 | $1.34 | $1.28 | $953.94 million | $956.20 million | View | Listen | |
| 11/12/2014 | Q314 | $1.15 | $1.58 | $803.24 million | $914.40 million | View | Listen | |
| 8/13/2014 | Q214 | $0.58 | $0.95 | $577.65 million | $623.80 million | View | Listen | |
| 5/16/2014 | Q114 | $0.12 | $0.07 | $431.98 million | $466.30 million | View | Listen | |
| 3/5/2014 | Q413 | $0.52 | $0.39 | $535.88 million | $519.50 million | View | Listen | |
| 11/13/2013 | Q313 | $0.36 | $0.58 | $480.10 million | $490.90 million | View | Listen | |
| 8/8/2013 | Q2 2013 | ($0.20) | ($0.29) | $419.83 million | $380.40 million | View | Listen | |
| 5/28/2013 | Q1 2013 | ($0.78) | ($0.10) | $221.00 million | $263.60 million | View | N/A | |
| 3/11/2013 | Q4 2012 | ($0.95) | ($1.01) | $318.53 million | $294.80 million | View | Listen | |
| 11/15/2012 | Q312 | ($0.66) | ($1.01) | $355.13 million | $326.00 million | View | N/A | |
| 8/15/2012 | | ($0.33) | ($0.59) | | | View | N/A | |
| 5/10/2012 | | ($0.53) | ($0.49) | | | View | N/A | |
| 3/7/2012 | | ($0.39) | ($1.39) | | | View | N/A | |
| 11/22/2011 | | ($0.51) | ($1.02) | | | View | N/A | |
| 8/17/2011 | | $0.27 | $0.16 | | | View | N/A | |
| 5/12/2011 | | $0.41 | $0.13 | | | View | N/A | |
| 3/10/2011 | | $0.65 | $0.58 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Canadian Solar (NASDAQ:CSIQ)2017 EPS Consensus Estimate: $1.71
2018 EPS Consensus Estimate: $33.93
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | ($0.21) | $0.37 | $0.14 |
| Q2 2017 | 3 | ($0.14) | $0.57 | $0.11 |
| Q3 2017 | 3 | $0.39 | $0.68 | $0.51 |
| Q4 2017 | 3 | $0.53 | $1.20 | $0.95 |
| Q1 2018 | 2 | $0.06 | $0.42 | $0.24 |
| Q2 2018 | 2 | $0.04 | $65.00 | $32.52 |
| Q3 2018 | 2 | $0.33 | $0.65 | $0.49 |
| Q4 2018 | 2 | $0.37 | $0.98 | $0.68 |
(Data provided by Zacks Investment Research)
Dividend History for Canadian Solar (NASDAQ:CSIQ)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Canadian Solar (NASDAQ:CSIQ)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Canadian Solar (NASDAQ:CSIQ)
Latest Headlines for Canadian Solar (NASDAQ:CSIQ)
| Source: |
|
| Date | Headline |
|---|
 | Tokyo Stock Exchange Approves Listing of Canadian Solar Infrastructure Fund - PR Newswire (press release)
www.prnewswire.com - September 25 at 4:03 PM |
 | Why China Is Crushing the U.S. in Solar Energy
finance.yahoo.com - September 25 at 12:10 PM |
| Tokyo Stock Exchange Approves Listing of Canadian Solar Infrastructure Fund
finance.yahoo.com - September 25 at 12:10 PM |
| Canadian Solar, Inc. breached its 50 day moving average in a Bullish Manner : CSIQ-US : September 25, 2017
finance.yahoo.com - September 25 at 12:10 PM |
 | $818.37 Million in Sales Expected for Canadian Solar Inc. (CSIQ) This Quarter
www.americanbankingnews.com - September 23 at 12:54 PM |
 | Solar Stocks Move As US Trade Commission Finds Harm To US Producers From Imports Of Solar Panels - Benzinga
www.benzinga.com - September 22 at 9:40 PM |
 | Canadian Solar: A Rare Bargain Hiding In Plain Sight - Seeking Alpha
seekingalpha.com - September 22 at 9:29 AM |
| Canadian Solar Inc. (CSIQ) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - September 16 at 6:50 PM |
| First Solar, Inc.: Suniva 201 Petition Ruling Due September 22nd
seekingalpha.com - September 14 at 6:25 PM |
 | Canadian Solar's Unit Signs 100MW Solar Power Supply Deal
www.zacks.com - September 14 at 6:25 PM |
| Canadian Solar's Unit Signs 100MW Solar Power Supply Deal
finance.yahoo.com - September 14 at 6:25 PM |
| Canadian Solar Subsidiary Recurrent Energy Inks 100 Megawatt Power Purchase Agreement with Peninsula Clean ... - PR Newswire (press release)
www.prnewswire.com - September 13 at 6:53 PM |
 | Canadian Solar (CSIQ) Subsidiary Enters 100 MW Power Purchase Agreement with Peninsula Clean Energy - StreetInsider.com
www.streetinsider.com - September 13 at 4:17 AM |
 | Pre-Market Technical Pulse on Tech Stocks -- Canadian Solar, Life Storage, SPI Energy, and Axcelis Technologies
www.marketwatch.com - September 12 at 6:14 PM |
| Canadian Solar Subsidiary Recurrent Energy Inks 100 Megawatt Power Purchase Agreement with Peninsula Clean Energy
finance.yahoo.com - September 12 at 6:14 PM |
| JinkoSolar to Supply Solar Modules to Brooks Solar Project
finance.yahoo.com - September 11 at 6:12 PM |
 | First Week Of April 2018 Options Trading For Canadian Solar (CSIQ)
www.thestreet.com - September 11 at 6:12 PM |
| Canadian Solar, Inc. breached its 50 day moving average in a Bearish Manner : CSIQ-US : September 11, 2017
finance.yahoo.com - September 11 at 6:12 PM |
| Canadian Solar to Attend 5th Annual ROTH Solar and Storage Symposium in Las Vegas - PR Newswire (press release)
www.prnewswire.com - September 9 at 4:04 AM |
| Canadian Solar to Attend 5th Annual ROTH Solar and Storage Symposium in Las Vegas
finance.yahoo.com - September 8 at 5:59 PM |
 | JinkoSolar (JKS) Q2 Earnings Miss Estimates, Sales Up Y/Y - Nasdaq
www.nasdaq.com - September 7 at 4:00 PM |
| Canadian Solar (CSIQ) Acquires 80.6 MWp of Solar Power Project in Brazil - StreetInsider.com
www.streetinsider.com - September 7 at 4:00 PM |
| Canadian Solar Acquires an 80.6 MWp of Solar Power Project in Brazil
finance.yahoo.com - September 6 at 5:33 PM |
| Canadian Solar Inc. (CSIQ) Expected to Post Quarterly Sales of $818.37 Million
www.americanbankingnews.com - September 4 at 7:30 AM |
| Canadian Solar Inc. (CSIQ) Expected to Announce Earnings of $0.39 Per Share
www.americanbankingnews.com - September 2 at 2:14 PM |
| Canadian Solar (CSIQ) Energizes New PV Solar Plant in Japan - Yahoo Finance
finance.yahoo.com - August 31 at 10:32 PM |
| Canadian Solar Commissions a 27.3 MWp Solar Power Plant in Japan
finance.yahoo.com - August 30 at 6:39 PM |
| Canadian Solar, Inc. – Value Analysis (NASDAQ:CSIQ) : August 30, 2017
finance.yahoo.com - August 29 at 10:58 PM |
| Expert: It's Time To Short Some Of Your Solar Stocks, Beginning With JA Solar - Benzinga
www.benzinga.com - August 29 at 5:56 PM |
| Zacks Investment Research Downgrades Canadian Solar Inc. (CSIQ) to Hold
www.americanbankingnews.com - August 28 at 1:50 PM |
| Canadian Solar's (CSIQ) "Buy" Rating Reaffirmed at Axiom Securities
www.americanbankingnews.com - August 26 at 9:34 AM |
| Zacks Industry Outlook Highlights: JinkoSolar Holding, JA Solar Holdings and Canadian Solar
finance.yahoo.com - August 25 at 4:28 PM |
| JA Solar Likely To Lose Money For The First Time In 16 Quarters - Benzinga
www.benzinga.com - August 24 at 10:50 PM |
| Canadian Solar Inc. (CSIQ) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - August 22 at 6:50 PM |
| Canadian Solar, Inc. breached its 50 day moving average in a Bearish Manner : CSIQ-US : August 22, 2017
finance.yahoo.com - August 22 at 6:10 PM |
| PetroChina Refinery Catches Fire But Operations Unaffected
finance.yahoo.com - August 22 at 6:10 PM |
| Financial Survey: Enphase Energy (ENPH) & Canadian Solar (CSIQ)
www.americanbankingnews.com - August 22 at 12:18 AM |
| Barclays PLC Lowers Canadian Solar Inc. (CSIQ) to Underweight
www.americanbankingnews.com - August 21 at 4:46 PM |
| Canadian Solar Inc. (CSIQ) Lowered to "Hold" at BidaskClub
www.americanbankingnews.com - August 19 at 7:08 PM |
 | How Canadian Solar Inc. Makes Most of Its Money
www.fool.com - August 18 at 9:29 AM |
| Canadian Solar Inc. (CSIQ) Forecasted to Post Q3 2017 Earnings of $0.39 Per Share
www.americanbankingnews.com - August 17 at 8:38 AM |
| Canadian Solar Inc. (CSIQ) to Post Q4 2017 Earnings of $1.20 Per Share, Oppenheimer Holdings Forecasts
www.americanbankingnews.com - August 16 at 10:58 AM |
| Canadian Solar Inc. (CSIQ) Stock Rating Reaffirmed by Cowen and Company
www.americanbankingnews.com - August 16 at 12:32 AM |
| Canadian Solar Inc. (CSIQ) Earns "Neutral" Rating from FBR & Co
www.americanbankingnews.com - August 15 at 11:46 PM |
| Canadian Solar's Second Quarter Disappointed on Every Level
finance.yahoo.com - August 15 at 6:18 PM |
 | EARNINGS SUMMARY: Details of Canadian Solar Inc. Q2 Earnings Report
www.rttnews.com - August 14 at 10:57 PM |
| Traders Not Impressed With Canadian Solar's Q2 Report
www.benzinga.com - August 14 at 10:57 PM |
| Edited Transcript of CSIQ earnings conference call or presentation 14-Aug-17 12:00pm GMT
finance.yahoo.com - August 14 at 10:57 PM |
| Canadian Solar (CSIQ) Incurs Narrower-Than-Expected Q2 Loss - Nasdaq
www.nasdaq.com - August 14 at 5:55 PM |
| Canadian Solar Reports Second Quarter 2017 Results
finance.yahoo.com - August 14 at 5:54 PM |
Canadian Solar (CSIQ) Chart for Tuesday, September, 26, 2017
