Canadian Solar Inc. (CSIQ)

NASDAQ: CSIQ · IEX Real-Time Price · USD
14.54
+0.53 (3.78%)
At close: Jul 2, 2024, 4:00 PM
14.60
+0.06 (0.41%)
After-hours: Jul 2, 2024, 7:59 PM EDT
3.78%
Market Cap 962.18M
Revenue (ttm) 7.24B
Net Income (ttm) 202.83M
Shares Out 66.17M
EPS (ttm) 2.88
PE Ratio 4.88
Forward PE 4.84
Dividend n/a
Ex-Dividend Date n/a
Volume 1,582,734
Open 14.02
Previous Close 14.01
Day's Range 13.80 - 14.54
52-Week Range 13.80 - 39.07
Beta 1.35
Analysts Buy
Price Target 29.23 (+101.03%)
Earnings Date Aug 20, 2024

About CSIQ

Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. It offers standard solar modules and battery storage solutions; solar system kits, such as inverters, racking systems, and other accessories; power... [Read more]

Industry Solar
Sector Technology
IPO Date Nov 9, 2006
Employees 22,234
Stock Exchange NASDAQ
Ticker Symbol CSIQ
Full Company Profile

Financial Performance

In 2023, Canadian Solar's revenue was $7.61 billion, an increase of 1.94% compared to the previous year's $7.47 billion. Earnings were $274.19 million, an increase of 14.26%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for CSIQ stock is "Buy." The 12-month stock price forecast is $29.23, which is an increase of 101.03% from the latest price.

Price Target
$29.23
(101.03% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Recurrent Energy Closes $103 Million Tax Credit Transfer Agreement with Bank of America for North Fork Solar Project

The 160 MW North Fork Solar Project is now in operation, supplying power to the Oklahoma Municipal Power Authority GUELPH, ON , June 27, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian...

5 days ago - PRNewsWire

Canadian Solar Inc. Announces Results of 2024 Annual Meeting of Shareholders

GUELPH, ON , June 21, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), today announced that it held its Annual Meeting of Shareholders on June 21, 2024. Eac...

11 days ago - PRNewsWire

Canadian Solar Partners with Lifestyle Solar to Deliver Residential Solar and Energy Storage Solutions to California Homebuilders

GUELPH, ON , June 20, 2024 /PRNewswire/ -- Canadian Solar Inc . (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has entered into a partnership agreement with leading renewab...

12 days ago - PRNewsWire

Recurrent Energy Closes $513 Million in Financing for 1,200 MWh Energy Storage Project in Arizona

Papago Storage, the largest energy storage project in Arizona, holds a 20-year tolling agreement with Arizona Public Service Company. GUELPH, ON , June 20, 2024 /PRNewswire/ -- Recurrent Energy, a sub...

12 days ago - PRNewsWire

Canadian Solar to Present New EP Cube, Showcasing Advanced Safety, at Intersolar in Munich

GUELPH, ON , June 18, 2024 /PRNewswire/ -- Canadian Solar Inc . (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it will present the new three-phase EP Cube and EP Cube Twin Pea...

14 days ago - PRNewsWire

Canadian Solar Announces Operation of First FIP Projects in Japan and PPA Signing with Toyota Tsusho

GUELPH, ON , June 17, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that its first portfolio of Japan's feed-in premium (FIP) PV projects...

15 days ago - PRNewsWire

D.R. Horton Offers Canadian Solar PV Panels and Residential Batteries to Power California Communities

GUELPH, ON , June 13, 2024 /PRNewswire/ -- Canadian Solar Inc . (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has entered into an agreement with U.S. homebuilder D.R.

19 days ago - PRNewsWire

Recurrent Energy and SPIC Inaugurate 446 MWp Solar Complex in Brazil

GUELPH, ON , June 10, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy stora...

22 days ago - PRNewsWire

Recurrent Energy Announces Initial Closing of Investment from BlackRock

NEW YORK and GUELPH, ON , June 3, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and ...

4 weeks ago - PRNewsWire

Canadian Solar Releases 2023 Corporate Sustainability Report

GUELPH, ON , May 31, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced the release of its 2023 Sustainability Report. This report showcases t...

4 weeks ago - PRNewsWire

Canadian Solar unit secures up to $1.4 bln financing for European renewable energy business

Recurrent Energy, a unit of solar technology firm Canadian Solar , said on Thursday it has secured multi-currency revolving credit facility of up to 1.3 billion euros ($1.41 billion) with 10 banks.

5 weeks ago - Reuters

Recurrent Energy Secures Landmark Green, Multi-currency Financing for up to €1.3 Billion to Accelerate European Renewable Energy Portfolio

The revolving credit facility will provide flexible financing for the construction of solar and battery energy storage projects across Spain, Italy, the United Kingdom, the Netherlands, France, and Ge...

5 weeks ago - PRNewsWire

Solar stocks are rallying, with boosts from Tesla and China

Solar stocks jumped on Wednesday, with SunPower Corp. shares leading the way after the solar-power company unveiled a deal with Tesla, Inc. for stationary batteries.

Other symbols: TSLAFSLRSPWRTAN
5 weeks ago - Market Watch

Canadian Solar Reports First Quarter 2024 Results and Announces Appointment of Chief Financial Officer

GUELPH, ON, May 9, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2024. Highlights ...

7 weeks ago - PRNewsWire

Canadian Solar Secures 193 MW of BESS Projects in Japan's Inaugural Long-term Decarbonization Power Source Auction

GUELPH, ON , May 8, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has won three battery energy storage system ("BESS") projects, ...

7 weeks ago - PRNewsWire

Canadian Solar Wins Green Project Bond of the Year Award by Environmental Finance

GUELPH, ON , April 29, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has won Environmental Finance's Green Project Bond of the Ye...

2 months ago - PRNewsWire

Canadian Solar Files Annual Report on Form 20-F for Year Ended December 31, 2023

GUELPH, ON , April 26, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today announced the filing of its annual report on Form 20-F for the year ended on ...

2 months ago - PRNewsWire

Canadian Solar Earns EcoVadis Silver Sustainability Rating

GUELPH, ON , April 17, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has recently been awarded a Silver rating from EcoVadis, one ...

2 months ago - PRNewsWire

Canadian Solar Schedules First Quarter 2024 Earnings Conference Call for May 9

GUELPH, ON , April 16, 2024 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ) today announced that it will hold a conference call on Thursday, May 9, 2024, at 8:00 a...

2 months ago - PRNewsWire

Recurrent Energy Secures €110 Million Multi-Currency, Green Loan Facility from Investec Energy and Infrastructure Finance UK

GUELPH, ON, April 3, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, t...

3 months ago - PRNewsWire

Canadian Solar denies patent infringement claims filed by Maxeon

Solar technology firm Canadian Solar on Thursday denied allegations of patent infringement by Singapore-based Maxeon Solar related to TOPCon solar cell technology.

Other symbols: MAXN
3 months ago - Reuters

Canadian Solar Comments on Complaint Filed by Maxeon Solar

GUELPH, ON , March 28, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today issued the following comment: Canadian Solar recently became aware that Maxeo...

3 months ago - PRNewsWire

Recurrent Energy Expands Solar Pipeline in Spain with the Acquisition of a Portfolio exceeding 420 MWp

GUELPH, ON, March 20, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, ...

3 months ago - PRNewsWire

Canadian Solar Reports Fourth Quarter and Full Year 2023 Results

GUELPH, ON , March 14, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the fourth quarter and full year ended December...

3 months ago - PRNewsWire

Canadian Solar Partners with Sol Systems to Ramp Up U.S. Module Manufacturing

GUELPH, ON , March 4, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) and Sol Systems, a leading renewable energy company based in Washington, D.C., announc...

4 months ago - PRNewsWire