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Canadian Solar (CSIQ) Stock Price & Analysis
CSIQ Stock Chart & Stats
- Day’s Range
- $10.10 - $11.52
- 52-Week Range
- $8.79 - $34.59
- Previous Close
- $10.31
- Volume
- N/A
- Average Volume (3M)
- 1.93M
- Market Cap
- $700.02M
- Enterprise Value
- $8.71B
- Total Cash (Recent Filing)
- $1.46B
- Total Debt (Recent Filing)
- $7.31B
- Price to Earnings (P/E)
- ―
- Beta
- 1.76
- Next Earnings
- Nov 12, 2026 (Est.)
- EPS Estimate
- -0.69
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Contracted Backlog
The long-dated domestic module backlog provides meaningful revenue visibility through 2029 and supports utilization of Canadian Solar’s expanding U.S. manufacturing footprint. Contracted demand can strengthen market position and reduce reliance on spot sales, although execution remains important.
U.S. Manufacturing Expansion
A U.S.-based HJT manufacturing platform gives Canadian Solar a growing domestic production presence and aligns capacity with its contracted U.S. module backlog. Scaling the facility could improve access to policy-supported demand and create a more differentiated technology position over the next several years.
Storage And Project Pipeline
The storage backlog and large development pipeline broaden Canadian Solar beyond module manufacturing and create multiple avenues for future project monetization and service revenue. Long-term storage agreements and secured interconnections may support recurring opportunities as grid flexibility demand grows.
Bears Say
Industry Downturn
The subsidiary’s sharp revenue decline and loss show that intense competition and lower solar product prices are affecting the core business. If weaker pricing persists, shipment growth and storage expansion may not offset margin pressure, limiting earnings recovery and reducing resilience across the group.
Negative Cash Generation
Deeply negative operating and free cash flow means the business is currently consuming cash rather than funding operations and expansion internally. Persistent cash burn can increase dependence on financing, constrain investment flexibility, and make execution of the manufacturing and project pipeline more financially demanding.
High Leverage And Losses
High leverage combined with negative profitability reduces financial flexibility and raises the burden of interest and project financing. Until margins and earnings improve, Canadian Solar may have less capacity to absorb pricing pressure, fund growth from internally generated resources, or withstand delays in asset monetization.
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Canadian Solar Stock Smart Score
Company Description
Canadian Solar
Canadian Solar Inc. and its affiliates operate globally, specializing in the design, development, production, and sale of solar energy components, including ingots, wafers, cells, and modules, alongside a range of solar power and battery storage solutions across Asia, the Americas, and Europe. The company's operations are structured into two main divisions: CSI Solar and Global Energy. The CSI Solar segment offers standard solar modules, comprehensive battery storage systems, and complete, ready-to-install solar kits that encompass inverters, racking systems, and other essential accessories. This division also provides engineering, procurement, and construction (EPC) services. Conversely, the Global Energy segment is involved in the entire lifecycle of solar and battery storage projects, from development and construction to ongoing maintenance and sale. It also manages the operation of solar power facilities and sells generated electricity. This segment further delivers extensive operation and maintenance (O&M) support, such as monitoring, inspections, equipment repair and replacement, site management, and administrative services for solar ventures, in addition to asset management. As of January 31, 2021, this division managed an operational fleet of solar power plants with an aggregate capacity of approximately 445 MWp. Canadian Solar serves a diverse clientele, including distributors, system integrators, project developers, and installation/EPC companies. Its products are primarily marketed under the Canadian Solar brand, with some sales also occurring on an OEM (Original Equipment Manufacturer) basis. Established in 2001, the company is headquartered in Guelph, Canada.
- Sector
- Technology
- Industry
- Solar
- CEO
- Colin Parkin
- Employees
- 12,587
- Website
- www.canadiansolar.com
- Address
- 4273 King Street East, Kitchener, ON, N2P 2E9, CA
Canadian Solar (CSIQ) Earnings & Revenues
CSIQ Company Deck
CSIQ Earnings Call
Earnings Call SentimentNeutral
The call presented a mix of substantial strategic and operational progress — notably the U.S. HJT facility opening, strong module and storage volumes, sizable U.S.-focused backlog (>13 GWp, >$4.5B) and a meaningful storage backlog ($3.5B) — alongside notable near-term financial headwinds including a $77M net loss, higher operating expenses (+21% sequential), negative operating cash flow ($181M used), rising debt ($7.1B) and impairment/deferrals in the project development business. Management reiterated full-year operational guidance, provided constructive outlook for Q3 revenue ($1.3–$1.5B) and margins (13.5%–15.5%), and emphasized that ramp-up and freight-driven costs should normalize as U.S. manufacturing scales and policy tailwinds (Section 232) take effect. Given the balance of meaningful strategic wins and clear near-term financial challenges, the overall tone is balanced but cautiously constructive.
View all CSIQ earnings summariesCSIQ Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 5 | 9 |
| Technical Analysis | 2 | 5 | 3 |
| Moving Averages | 6 | 0 | 6 |









