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Canadian Solar Inc (CSIQ)
NASDAQ:CSIQ
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CSIQ Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.41 - $26.85
Previous Close$12.1
Volume3.20M
Average Volume (3M)2.08M
Market Cap
$868.88M
Enterprise Value$4.94B
Total Cash (Recent Filing)$1.94B
Total Debt (Recent Filing)$4.87B
Price to Earnings (P/E)21.8
Beta1.51
Next Earnings
Dec 05, 2024EPS Estimate
-$0.11Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.55
Shares Outstanding66,158,741
10 Day Avg. Volume3,068,077
30 Day Avg. Volume2,078,935
Standard Deviation0.17
R-Squared0.17
Alpha-0.00576
Financial Highlights & Ratios
Price to Book (P/B)0.31
Price to Sales (P/S)0.11
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.16
Enterprise Value/Gross Profit3.62
Enterprise Value/Ebitda17.58
Forecast
1Y Price Target
$17.40Price Target Upside43.80% Upside
Rating ConsensusHold
Number of Analyst Covering6
Canadian Solar News
Bulls Say, Bears Say
Bulls Say
Market ExcitementInvestors remain excited about Canadian Solar’s ability to sell its utility-scale solar pipeline.
Project DevelopmentCSIQ’s 5.0GW of Recurrent Energy solar project development pipeline projects position it well to weather the current storm of oversupply in its core business of selling solar modules.
Tariff BenefitsCSIQ could benefit from higher average selling prices on its domestic capacity if anti-dumping and countervailing duties are imposed on imports from Southeast Asia.
Bears Say
Cost ManagementShipping costs are expected to remain elevated due to continued Red Sea issues and shipment backlogs from Asia to the US and Europe.
Financial PerformanceRecurrent Energy’s revenues have been falling over recent quarters, with significant drops in both revenue and gross margins.
Market ConditionsElevated interest rates continue to make Canadian Solar’s ability to sell its utility-scale solar projects very difficult.
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Ownership Overview
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Insiders
3.11% Mutual Funds
2.98% Other Institutional Investors
83.32% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CSIQ FAQ
What was Canadian Solar Inc’s price range in the past 12 months?
Canadian Solar Inc lowest stock price was $11.41 and its highest was $26.85 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 Dec 05, 2024 which is in 26 days.
How were Canadian Solar Inc’s earnings last quarter?
Canadian Solar Inc released its earnings results on Aug 22, 2024. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.176 by -$0.156.
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 -$0.11.
How many shares outstanding does Canadian Solar Inc have?
Canadian Solar Inc has 66,174,920 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 $0.176. Following the earnings report the stock price went down -15.659%.
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 3M.
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Canadian Solar Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$17.40 (43.80% Upside)
$17.40 (43.80% Upside)
Blogger Sentiment
Bullish
CSIQ Sentiment 88%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 83.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 1.1%
Last 30 Days ▼ 1.1%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-41.85%
12-Months-Change
Fundamentals
Return on Equity
1.44%
Trailing 12-Months
Asset Growth
8.38%
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
Q2 2024
0:00 / 0:00
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CSIQ Stock 12 Month Forecast
Average Price Target
$17.40
▲(43.80% Upside)
Technical Analysis
Best Analysts Covering CSIQ
1 Year
1 Year Success Rate
10/22 ratings generated profit
1 Year Average Return
+7.90%
assigned a buy rating 3 months ago
Copying Colin Rusch's trades and holding each position for 1 Year would result in 45.45% of your transactions generating a profit, with an average return of +7.90% per trade.
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