Canadian Solar Inc. (CSIQ)

NASDAQ: CSIQ · Real-Time Price · USD
11.15
+0.16 (1.46%)
At close: Nov 18, 2024, 4:00 PM
11.14
-0.01 (-0.09%)
Pre-market: Nov 19, 2024, 4:27 AM EST
1.46%
Market Cap 737.72M
Revenue (ttm) 6.51B
Net Income (ttm) 36.68M
Shares Out 66.16M
EPS (ttm) 0.53
PE Ratio 20.88
Forward PE 25.15
Dividend n/a
Ex-Dividend Date n/a
Volume 1,879,892
Open 11.06
Previous Close 10.99
Day's Range 10.93 - 11.32
52-Week Range 10.93 - 26.85
Beta 1.34
Analysts Hold
Price Target 22.33 (+100.27%)
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 10 analysts, the average rating for CSIQ stock is "Hold." The 12-month stock price forecast is $22.33, which is an increase of 100.27% from the latest price.

Price Target
$22.33
(100.27% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

3 days 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...

12 days 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...

19 days 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...

19 days 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 ...

24 days 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...

4 weeks 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 ...

5 weeks 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...

6 weeks 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...

6 weeks 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...

7 weeks 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
2 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...

2 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 ...

2 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...

2 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...

2 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...

3 months ago - Seeking Alpha

Canadian Solar Reports Second Quarter 2024 Results

GUELPH, ON , Aug. 22, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the second quarter ended June 30, 2024. Highligh...

3 months ago - PRNewsWire

Canadian Solar Inc. Announces US$200 Million Private Placement of Secured Convertible Notes with PAG

GUELPH, ON , Aug. 19, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (Nasdaq: CSIQ) today announced that it has entered into a definitive agreement with PAG, a leading in...

3 months ago - PRNewsWire

Canadian Solar's e-STORAGE to Power 200 MWh Energy Storage Project in Southeastern Australia

GUELPH, ON , Aug. 7, 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 subsidiar...

3 months ago - PRNewsWire

Recurrent Energy to Bolster its Italian Clean Energy Portfolio with €50 Million Euro Facility from the European Investment Bank

GUELPH, ON , July 24, 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...

4 months ago - PRNewsWire

Canadian Solar Schedules Second Quarter 2024 Earnings Conference Call for August 22

GUELPH, ON , July 23, 2024 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ) today announced that it will hold a conference call on Thursday, August 22, 2024, at 8:0...

4 months ago - PRNewsWire

Canadian Solar's e-STORAGE to Deliver Battery Energy Storage Solutions to Root-Power's Coryton Project in the UK

GUELPH, ON , July 18, 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 subsi...

4 months ago - PRNewsWire

Canadian Solar: Oversold Here - Compelling Value And Growth Investment Thesis

CSIQ commands 5% of Utility Scale PV Installation market share in the US, with a growing solar and battery energy storage pipeline. Despite the impacted ASPs and polysilicon supply glut in China, the ...

4 months ago - Seeking Alpha

Recurrent Energy Signs PPA with GKN Automotive for 115 MWp Rey I Project in Spain

GUELPH, ON, July 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 stor...

4 months ago - PRNewsWire

Canadian Solar's e-STORAGE to Deliver 498 MWh DC of Battery Storage Solutions for Aypa Power's Bypass Project in Texas

GUELPH, ON , July 9, 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...

4 months ago - PRNewsWire