Canadian Solar Inc. (CSIQ)
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]
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 StatementsAnalyst 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.
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...
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...
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...
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...
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 ...
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...
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 ...
Recurrent Energy Announces Closing of $500 Million Investment from BlackRock
NEW YORK and GUELPH, Ontario , Oct. 3, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar...
Canadian Solar's ($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...
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...
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.
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...