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NASDAQ:CSIQ - Canadian Solar Stock Price, Forecast & News

$24.24
+0.73 (+3.11 %)
(As of 02/19/2020 09:36 AM ET)
Today's Range
$23.85
Now: $24.24
$24.27
50-Day Range
$20.05
MA: $22.02
$24.13
52-Week Range
$14.50
Now: $24.24
$25.89
Volume43,807 shs
Average Volume725,876 shs
Market Capitalization$1.44 billion
P/E Ratio6.89
Dividend YieldN/A
Beta2.1
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.74 billion
Cash Flow$5.88 per share
Book Value$21.94 per share

Profitability

Net Income$237.07 million

Miscellaneous

Employees12,442
Market Cap$1.44 billion
Next Earnings Date3/19/2020 (Estimated)
OptionableOptionable

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Canadian Solar (NASDAQ:CSIQ) Frequently Asked Questions

What is Canadian Solar's stock symbol?

Canadian Solar trades on the NASDAQ under the ticker symbol "CSIQ."

How will Canadian Solar's stock buyback program work?

Canadian Solar announced that its board has initiated a stock repurchase program on Monday, December 9th 2019, which authorizes the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 13% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

How were Canadian Solar's earnings last quarter?

Canadian Solar Inc. (NASDAQ:CSIQ) posted its quarterly earnings results on Tuesday, November, 12th. The solar energy provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.22. The solar energy provider had revenue of $759.90 million for the quarter, compared to analysts' expectations of $799.55 million. Canadian Solar had a return on equity of 12.91% and a net margin of 6.77%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. View Canadian Solar's Earnings History.

When is Canadian Solar's next earnings date?

Canadian Solar is scheduled to release their next quarterly earnings announcement on Thursday, March 19th 2020. View Earnings Estimates for Canadian Solar.

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

Canadian Solar updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $$3.13-3.16 billion, compared to the consensus revenue estimate of $$3.63 billion.

What price target have analysts set for CSIQ?

5 equities research analysts have issued 1 year price targets for Canadian Solar's stock. Their forecasts range from $25.00 to $32.00. On average, they expect Canadian Solar's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price. View Analyst Price Targets for Canadian Solar.

What is the consensus analysts' recommendation for Canadian Solar?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canadian Solar.

Has Canadian Solar been receiving favorable news coverage?

Press coverage about CSIQ stock has been trending very positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Canadian Solar earned a news impact score of 3.5 on InfoTrie's scale. They also assigned press coverage about the solar energy provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term. View News Stories for Canadian Solar.

Are investors shorting Canadian Solar?

Canadian Solar saw a drop in short interest in January. As of January 31st, there was short interest totalling 3,060,000 shares, a drop of 9.2% from the January 15th total of 3,370,000 shares. Based on an average trading volume of 939,800 shares, the short-interest ratio is currently 3.3 days. Approximately 6.7% of the shares of the stock are short sold. View Canadian Solar's Current Options Chain.

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 First Solar (FSLR), Micron Technology (MU), Netflix (NFLX), Gilead Sciences (GILD), SunPower (SPWR), Tesla (TSLA), Alibaba Group (BABA), AT&T (T), JinkoSolar (JKS) and NVIDIA (NVDA).

Who are Canadian Solar's key executives?

Canadian Solar's management team includes the folowing 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)

Who are Canadian Solar's major shareholders?

Canadian Solar's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Schroder Investment Management Group (7.36%), Connor Clark & Lunn Investment Management Ltd. (2.64%), Goldman Sachs Group Inc. (1.24%), Hennessy Advisors Inc. (0.24%), Point72 Asset Management L.P. (0.21%) and Alliancebernstein L.P. (0.14%).

Which institutional investors are selling Canadian Solar stock?

CSIQ stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Cubist Systematic Strategies LLC, Connor Clark & Lunn Investment Management Ltd., Man Group plc, Quantbot Technologies LP, Russell Investments Group Ltd., Logan Capital Management Inc. and Hennessy Advisors Inc..

Which institutional investors are buying Canadian Solar stock?

CSIQ stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Point72 Asset Management L.P., Schroder Investment Management Group, Amundi Pioneer Asset Management Inc., Sei Investments Co., KBC Group NV, FMR LLC and Alliancebernstein L.P..

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 $24.24.

How big of a company is Canadian Solar?

Canadian Solar has a market capitalization of $1.44 billion and generates $3.74 billion in revenue each year. The solar energy provider earns $237.07 million in net income (profit) each year or $3.28 on an earnings per share basis. Canadian Solar employs 12,442 workers across the globe.View Additional Information About Canadian Solar.

What is Canadian Solar's official website?

The official website for Canadian Solar is http://www.canadiansolar.com/.

How can I contact Canadian Solar?

Canadian Solar's mailing address is 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, 215129. The solar energy provider can be reached via phone at 519-837-1881 or via email at [email protected]


MarketBeat Community Rating for Canadian Solar (NASDAQ CSIQ)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  493 (Vote Outperform)
Underperform Votes:  627 (Vote Underperform)
Total Votes:  1,120
MarketBeat's community ratings are surveys of what our community members think about Canadian Solar and other stocks. Vote "Outperform" if you believe CSIQ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CSIQ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/19/2020 by MarketBeat.com Staff

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