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Canadian Solar Inc (CSIQ)
NASDAQ:CSIQ
Canadian Solar (CSIQ) Stock Price & Analysis
2,316 Followers
CSIQ Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$14.11 - $45.29
Previous Close$15.15
Volume1.59M
Average Volume (3M)1.43M
Market Cap
$961.13M
Enterprise Value$1.90B
Total Cash (Recent Filing)$1.96B
Total Debt (Recent Filing)$2.52B
Price to Earnings (P/E)3.6
Beta1.26
Next Earnings
May 09, 2024EPS Estimate
>-$0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)4.23
Shares Outstanding64,640,000
10 Day Avg. Volume2,099,657
30 Day Avg. Volume1,429,082
Standard Deviation0.15
R-Squared0.19
Alpha-0.00272
Financial Highlights & Ratios
Price to Book (P/B)0.49
Price to Sales (P/S)0.13
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.35
Enterprise Value/Gross Profit1.51
Enterprise Value/Ebitda6.38
Forecast
1Y Price Target
$27.30Price Target Upside80.20% Upside
Rating ConsensusHold
Number of Analyst Covering8
Canadian Solar News
PremiumCompany Announcements
Canadian Solar Q1 Earnings Reflect Industry Challenges
Bulls Say, Bears Say
Bulls Say
Financial Guidance & Market PositionWith a focus on profitable growth, Canadian Solar anticipates higher margins through strategic prioritization, inventory management, and an increase in e-Storage sales.
Operational Expansion & Market OpportunityCanadian Solar is significantly expanding production capacities, positioning the company to capture the growing demand for solar installations and premium distributed solar solutions.
Product Demand & Sales StrategyCanadian Solar is poised for a sharp rebound in shipments and margins, thanks to a robust e-Storage backlog, normalized inventories, and price increases in response to rising demand.
Bears Say
Earnings VolatilityRevenue and profits from project development add cyclicality to earnings, potentially leading to fluctuations in valuation.
Financial ForecastAnalyst lowers price target to $23/share from $28/share due to a higher capex forecast and a lower assumed SOTP multiple.
Guidance RisksThere are risks to CSIQ's guidance, such as the assumption of a DG market recovery and no further write-downs, which might not materialize if DG demand does not improve.
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Ownership Overview
0.00%
Insiders
6.91% Mutual Funds
12.95% Other Institutional Investors
80.14% Public Companies and Individual Investors
CSIQ FAQ
What was Canadian Solar Inc’s price range in the past 12 months?
Canadian Solar Inc lowest stock price was $14.11 and its highest was $45.29 in the past 12 months.
What is Canadian Solar Inc’s market cap?
Currently, no data Available
When is Canadian Solar Inc’s upcoming earnings report date?
Canadian Solar Inc’s upcoming earnings report date is May 09, 2024 which is in 12 days.
How were Canadian Solar Inc’s earnings last quarter?
Canadian Solar Inc released its earnings results on Mar 14, 2024. The company reported -$0.02 earnings per share for the quarter, missing the consensus estimate of $0.022 by -$0.042.
Is Canadian Solar Inc overvalued?
According to Wall Street analysts Canadian Solar Inc’s price is currently Undervalued.
Does Canadian Solar Inc pay dividends?
Canadian Solar Inc does not currently pay dividends.
What is Canadian Solar Inc’s EPS estimate?
Canadian Solar Inc’s EPS estimate is >-$0.01.
How many shares outstanding does Canadian Solar Inc have?
Canadian Solar Inc has 64,635,720 shares outstanding.
What happened to Canadian Solar Inc’s price movement after its last earnings report?
Canadian Solar Inc reported an EPS of -$0.02 in its last earnings report, missing expectations of $0.022. Following the earnings report the stock price went down -0.92%.
Which hedge fund is a major shareholder of Canadian Solar Inc?
Among the largest hedge funds holding Canadian Solar Inc’s share is Hussman Strategic Advisors Inc. It holds Canadian Solar Inc’s shares valued at 7M.
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Canadian Solar Stock Smart Score
Neutral
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Analyst Consensus
Hold
Average Price Target:
$27.30 (80.20% Upside)
$27.30 (80.20% Upside)
Blogger Sentiment
Bullish
CSIQ Sentiment 92%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 825.0 Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.6%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-59.69%
12-Months-Change
Fundamentals
Return on Equity
12.18%
Trailing 12-Months
Asset Growth
31.63%
Trailing 12-Months
Company Description
Canadian Solar Inc
Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules and a provider of 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 Company Deck
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CSIQ Earnings Call
Q4 2024
0:00 / 0:00
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CSIQ Stock 12 Months Forecast
Average Price Target
$27.30
▲(80.20% Upside)
Technical Analysis
Best Analysts Covering CSIQ
1 Year
1 Year Success Rate
11/23 ratings generated profit
1 Year Average Return
+9.14%
reiterated a buy rating last month
Copying Colin Rusch's trades and holding each position for 1 Year would result in 47.83% of your transactions generating a profit, with an average return of +9.14% per trade.
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