Canadian Solar Inc. (CSIQ)

NASDAQ: CSIQ · IEX Real-Time Price · USD
32.38
0.00 (0.00%)
At close: Jun 24, 2022 4:00 PM
32.01
-0.37 (-1.14%)
After-hours: Jun 24, 2022 5:58 PM EDT
0.00%
Market Cap 2.08B
Revenue (ttm) 5.44B
Net Income (ttm) 81.68M
Shares Out 64.27M
EPS (ttm) 1.25
PE Ratio 25.88
Forward PE 12.30
Dividend n/a
Ex-Dividend Date n/a
Volume 760,512
Open 32.81
Previous Close 32.38
Day's Range 31.51 - 32.81
52-Week Range 22.15 - 48.35
Beta 1.45
Analysts Buy
Price Target 41.00 (+26.6%)
Earnings Date Aug 11, 2022

About CSIQ

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company operates through two segments, Canadian Solar Inc. (CSI) Solar and Global Energy. The CSI Solar segment offers standard solar modules and battery storage solutions, as well as solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories; and engi... [Read more...]

Industry Semiconductors & Semiconductor Equipment
IPO Date Nov 9, 2006
CEO Xiaohua Qu
Employees 13,535
Stock Exchange NASDAQ
Ticker Symbol CSIQ
Full Company Profile

Financial Performance

In 2021, Canadian Solar's revenue was $5.28 billion, an increase of 51.80% compared to the previous year's $3.48 billion. Earnings were $95.25 million, a decrease of -35.07%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for CSIQ stock is "Buy." The 12-month stock price forecast is 41, which is an increase of 26.62% from the latest price.

Price Target
$41
(26.62% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Is Canadian Solar (CSIQ) Up 7.1% Since Last Earnings Report?

Canadian Solar (CSIQ) reported earnings 30 days ago. What's next for the stock?

Canadian Solar Inc. Announces Results of 2022 Annual and Special Meeting of Shareholders

GUELPH, Ontario , June 22, 2022 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), today announced that it held its Annual and Special Meeting of Shareholders on Jun...

Canadian Solar (CSIQ) Arm Acquires Energy Storage Projects

Canadian Solar's (CSIQ) subsidiary, Recurrent Energy, announces the acquisition of two standalone energy storage projects from Black Mountain Energy Storage in the ERCOT market.

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Other symbols: LACRUN

Recurrent Energy Expands ERCOT Storage Pipeline with Acquisition of 400 MWh of Standalone Storage Projects Under Deve...

Two standalone energy storage projects were acquired from Black Mountain Energy Storage GUELPH, ON., June 16, 2022 /PRNewswire/ --  Recurrent Energy, LLC ("Recurrent"), a wholly owned subsidiary of Cana...

Canadian Solar Secures 136 million Brazilian Reais Financing for Lavras II Project in Brazil

GUELPH, ON , June 15, 2022 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), today announced it has secured 136 million Brazilian reais (approximately US$28 million...

Canadian Solar Settles Patent Litigation with Solaria

No Admission of Liability or Wrongdoing, Nor Payment GUELPH, ON., June 8, 2022 /PRNewswire/ -- Canadian Solar Inc. (NASDAQ: CSIQ) and Canadian Solar (USA) Inc. (jointly "Canadian Solar") announced today...

7 Solar Stocks to Buy and Hold for a Bright Future

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Other symbols: DQENPHFSLRJKSSEDGSPWR

Canadian Solar (CSIQ) Inks Deal to Divest 70% of Solar Projects

Canadian Solar (CSIQ) signs an agreement with SPIC Brasil to sell 70% stake in its Marangatu and Panati-Sitia solar projects.

Solar Stocks Are Getting Powered Up - Read Why

Canadian Solar Inc (NASDAQ: CSIQ) agreed to divest a 70% stake in its 738 MWp solar projects, Marangatu and Panati-Sitia, to SPIC Brasil. SPIC Brasil is a power generation company in Brazil.

Other symbols: ENPHRUNSEDGSPWR

Canadian Solar Sells to SPIC Brasil 70% Stake in 738 MWp Solar Projects

GUELPH, ON , June 6, 2022 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), today announced it signed an agreement with SPIC Brasil, a leading power generation comp...

Canadian Solar (CSIQ) Completes 100MW Mississippi Solar Plant

Canadian Solar's (CSIQ) Recurrent Energy completes the construction of the Sunflower Solar station in Mississippi. The project will offer clean energy to 461,000 customers of Entergy Mississippi

Canadian Solar Successfully Completes Sunflower Solar Station under a BTA for Entergy Mississippi

State's largest solar project provides clean, renewable energy and economic advantages GUELPH, ON and JACKSON, Miss. , May 27, 2022 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company"...

Canadian Solar (CSIQ) Q1 Earnings Beat, Revenues Rise Y/Y

Canadian Solar's (CSIQ) total revenues of $1,250.3 million miss the Zacks Consensus Estimate by 3.1%. However, the top line improves by a solid 14.8% year over year.

Canadian Solar (CSIQ) Q1 Earnings Top Estimates

Canadian Solar (CSIQ) delivered earnings and revenue surprises of 380% and 3.14%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Canadian Solar Reports First Quarter 2022 Results

GUELPH, ON, May 24, 2022 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2022. Highlights S...

Canadian Solar (CSIQ) to Post Q1 Earnings: What's in Store?

Canadian Solar's (CSIQ) Q1 results are likely to reflect the benefits of project monetization and higher average selling price for models. However, higher transportation costs might have hurt earnings

Canadian Solar Ranks No.1 in Cumulative Capacity of Solar Projects Awarded in Japan's Solar Auction Program

GUELPH, ON , May 17, 2022 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar", "the Company") (NASDAQ: CSIQ) today announced that its wholly-owned subsidiary Canadian Solar Projects K.K. together with...

Canadian Solar's High-Power Modules Up to 670W Recognized as Top Quality, High Reliability and Low LCOE by DNV

GUELPH, ON , May 10, 2022 /PRNewswire/ --  Canadian Solar Inc.  (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today announced that it has recently received from DNV "Canadian Solar HiKu7 and BiHi...

CANADIAN SOLAR'S ENERGY STORAGE INTEGRATION UNIT SECURES 100 MWH EPC CONTRACT IN THE UNITED KINGDOM

GUELPH, ON , May 9, 2022 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced it has entered the utility scale energy storage market in the United Kingd...

Recurrent Energy Supports Major Solar Energy Expansion in Louisiana with 132 MWdc Project

GUELPH, ON , May 3, 2022 /PRNewswire/ -- Recurrent Energy, LLC ("Recurrent"), a wholly owned subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ), today announced that the Louisiana Publi...

Canadian Solar Files Annual Report on Form 20-F for Year Ended December 31, 2021

GUELPH, ON , April 28, 2022 /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 De...

Canadian Solar Schedules First Quarter 2022 Earnings Conference Call for May 24

GUELPH, ON , April 27, 2022 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ) today announced that it will hold a conference call on Tuesday, May 24, 2022 at 8:00 a.m....

4 Magic Formula Solar Stocks for the Clean Energy Rebound

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Other symbols: ENPHFSLRSEDG

5 Solar Stocks With High GF Scores

In light of investors celebrating Earth Day, five solar stocks with high GF Scores include SolarEdge Technologies Inc. ( SEDG , Financial), First Solar Inc. ( FSLR , Financial), Canadian Solar Inc. ( CS...

Other symbols: ENPHFSLRRUNSEDG