Canadian Solar Inc. (CSIQ)

NASDAQ: CSIQ · Real-Time Price · USD
11.50
+0.74 (6.88%)
At close: Dec 20, 2024, 4:00 PM
11.56
+0.06 (0.52%)
After-hours: Dec 20, 2024, 4:09 PM EST
6.88%
Market Cap 760.88M
Revenue (ttm) 6.17B
Net Income (ttm) 762,000
Shares Out 66.16M
EPS (ttm) -0.10
PE Ratio 998.53
Forward PE 56.34
Dividend n/a
Ex-Dividend Date n/a
Volume 2,315,888
Open 10.67
Previous Close 10.76
Day's Range 10.60 - 11.65
52-Week Range 10.60 - 26.85
Beta 1.26
Analysts Hold
Price Target 19.31 (+67.91%)
Earnings Date Dec 5, 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 11 analysts, the average rating for CSIQ stock is "Hold." The 12-month stock price forecast is $19.31, which is an increase of 67.91% from the latest price.

Price Target
$19.31
(67.91% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Micro-Inverters Strategic Business Report 2024, with Coverage of Major Players such as ABB, Altenergy Power System, Canadian Solar, Chilicon Power, Darfon Electronics and More

The Residential Application segment is expected to reach US$7.5 Billion by 2030 with a CAGR of a 17%. The Residential Application segment is expected to reach US$7.5 Billion by 2030 with a CAGR of a 1...

3 days ago - GlobeNewsWire

SolarEdge Poised For Growth Amid Cost Cuts, While Canadian Solar Faces US Policy Headwinds: Goldman Sachs

Goldman Sachs analyst Brian Lee revised ratings for key residential solar stocks. The analyst notes there is a disconnect between the mid-to-long-term fundamentals and valuations for solar/storage equ...

Other symbols: SEDG
3 days ago - Benzinga

Green Stock News for December 12, 2024: $DEVS $CSIQ $EXROF $SMXT

Welcome to the green stock news brief for Thursday, December 12th. Here are today's top headlines: DevvStream (NASDAQ: DEVS) and SEER have launched a Carbon Management Program to generate and monetize...

Other symbols: DEVSSMXT
8 days ago - Green Stock News

Canadian Solar to Deliver 315 MWh DC of Battery Energy Storage Solutions and up to 2 GWp of Solar Modules to Sunraycer Projects in Texas

KITCHENER, ON , Dec. 12, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has executed three significant agreements with Sunraycer Re...

9 days ago - PRNewsWire

Recurrent Energy Signs 300 MW Power Purchase Agreement with Major U.S. Tech Company in Spain

KITCHENER, ON , Dec. 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 st...

11 days ago - PRNewsWire

Canadian Solar Margins Shrink In Q3, Stock Slides

Canadian Solar Inc. CSIQ shares are trading lower after the company reported third-quarter 2024 results below street expectations.

15 days ago - Benzinga

Canadian Solar (CSIQ) Q3 2024 Earnings Call Transcript

Canadian Solar Inc. (NASDAQ:CSIQ) Q3 2024 Earnings Conference Call December 5, 2024 8:00 AM ET Company Participants Shawn Qu - Chairman, President, Chief Executive Officer Yan Zhuang - President, CSI...

15 days ago - Seeking Alpha

Canadian Solar Reports Third Quarter 2024 Results

KITCHENER, ON , Dec. 5, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the third quarter ended September 30, 2024. Hi...

16 days ago - PRNewsWire

Undercovered Dozen: Canadian Solar, Plymouth Industrial, GameStop, Samsara +

The 'Undercovered' Dozen highlights 12 lesser-covered stocks, showcasing diverse investment opportunities and sparking community discussion on their potential. Canadian Solar's shift to owning power p...

Other symbols: GMEIOTPLYM
4 weeks ago - Seeking Alpha

Canadian Solar May Surprise In Q3 Call After Stock Nosedives Post-Election

Canadian Solar's shift to retaining solar power plants and battery storage aims for long-term gains, despite short-term EPS impacts and a current stock price drop. The company's vertical integration a...

5 weeks ago - Seeking Alpha

Canadian Solar Schedules Third Quarter 2024 Earnings Conference Call for December 5

GUELPH, ON , Nov. 7, 2024 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ) today announced that it will hold a conference call on Thursday, December 5, 2024, at 8:0...

6 weeks ago - PRNewsWire

Recurrent Energy to deliver 1,800 MWh of energy storage and 150 MWac of solar capacity to Arizona Public Service by 2026

Recurrent Energy's latest energy storage and solar tolling agreements with APS support Arizona's expanding energy needs GUELPH, ON and PHOENIX , Oct. 31, 2024 /PRNewswire/ -- Recurrent Energy, a subsi...

7 weeks ago - PRNewsWire

Recurrent Energy Announces Successful Operation of 134 MW Solar Project

Autodesk, Inc., Biogen Inc., EMD Electronics and Wayfair Inc. are now purchasing renewable energy from the Texas project HOUSTON and GUELPH, ON , Oct. 31, 2024 /PRNewswire/ -- Recurrent Energy, a subs...

7 weeks ago - PRNewsWire

Canadian Solar: An Upcycle Is On The Horizon

Canadian Solar is a risky but potentially rewarding short-term investment, with a projected 20% price increase in 2025 despite competition and geopolitical risks. The company is vertically integrated ...

2 months ago - Seeking Alpha

Canadian Solar Comments on Trina Solar Patent Infringement Complaint

GUELPH, ON , Oct. 22, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today issued the following comment: On October 8, 2024, Trina Solar Co., Ltd., ("Tri...

2 months ago - PRNewsWire

Canadian Solar Ranked #1 in Energy & Utilities on Newsweek's 2024 World's Most Trustworthy Companies List

GUELPH, ON , Oct. 10, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar technology and renewable energy companies, is proud ...

2 months ago - PRNewsWire

Recurrent Energy Announces Closing of $500 Million Investment from BlackRock

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

2 months ago - PRNewsWire

Canadian Solar's ($CSIQ) e-STORAGE to Deliver 312 MWh Battery Energy Storage System

Canadian Solar (NASDAQ: CSIQ) subsidiary, e-STORAGE, has secured an EPC contract to supply a 98 MW/312 MWh Battery Energy Storage System (BESS) project in Chile, with construction set to begin in 2025...

2 months ago - Green Stock News

Canadian Solar's e-STORAGE to Deliver Energy Storage Solutions to the Huatacondo Project in Chile

GUELPH, ON , Oct. 1, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that  e-STORAGE , which is part of the Company's majority-owned subsidi...

2 months ago - PRNewsWire

Solar stocks rally as solar gets a mention in Harris-Trump debate

Long-battered U.S. solar stocks are rallying Wednesday as the sector gets a nod in presidential debate.

Other symbols: FSLRRUNSEDGTAN
3 months ago - Market Watch

Canadian Solar: Slight Growth Cannot Remove Concerns Over Operations In China

Canadian Solar stock is rated as a hold due to oversupply in China and export policy hurdles despite its solid fundamentals and expansion plans. The company manufactures solar panels and energy storag...

3 months ago - Seeking Alpha

Canadian Solar: Recovery Won't Be Quick But Could Be Significant

Canadian Solar is highly cyclical, facing fierce competition and commoditization, leading to volatile stock performance despite industry growth. Recent performance has been poor with lowered guidance ...

3 months ago - Seeking Alpha

Canadian Solar ($CSIQ) and SOLARCYCLE Announce Landmark Deal for Solar Recycling Partnership

Canadian Solar (NASDAQ: CSIQ), a leading manufacturer of solar photovoltaic modules, has entered into a partnership agreement with SOLARCYCLE, America's most advanced solar recycling company. This agr...

3 months ago - Green Stock News

Canadian Solar and SOLARCYCLE Ink Landmark Cradle-to-Cradle U.S. Recycling Partnership

GUELPH, ON , Sept. 3, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced that it has entered into a partnership agreement with SOLARCYCLE, Amer...

3 months ago - PRNewsWire

Canadian Solar Inc. (CSIQ) Q2 2024 Earnings Call Transcript

Canadian Solar Inc. (NASDAQ:CSIQ) Q2 2024 Earnings Conference Call August 22, 2024 8:00 AM ET Company Participants Wina Huang - Head of Investor Relations Shawn Qu - Chairman and Chief Executive Offi...

4 months ago - Seeking Alpha