Canadian Solar Inc. (CSIQ)

NASDAQ: CSIQ · IEX Real-Time Price · USD
16.98
-0.29 (-1.68%)
May 15, 2024, 3:33 PM EDT - Market open
-1.68%
Market Cap 1.10B
Revenue (ttm) 7.24B
Net Income (ttm) 202.83M
Shares Out 64.64M
EPS (ttm) 2.88
PE Ratio 4.46
Forward PE 4.84
Dividend n/a
Ex-Dividend Date n/a
Volume 1,552,032
Open 17.76
Previous Close 17.27
Day's Range 16.93 - 18.05
52-Week Range 14.11 - 45.29
Beta 1.29
Analysts Hold
Price Target 29.89 (+76.03%)
Earnings Date May 9, 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 8 analysts, the average rating for CSIQ stock is "Hold." The 12-month stock price forecast is $29.89, which is an increase of 76.03% from the latest price.

Price Target
$29.89
(76.03% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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 ...

6 days 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 days 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...

16 days 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 ...

19 days 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 ...

4 weeks 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...

4 weeks 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...

6 weeks 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
6 weeks 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...

6 weeks 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, ...

2 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...

2 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...

2 months ago - PRNewsWire

Canadian Solar Celebrates Contribution to Historic 100% Renewable Energy-Powered Super Bowl LVIII in Las Vegas

GUELPH, ON , Feb. 29, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) announced today its pivotal role in powering the Super Bowl LVIII that was held at All...

2 months ago - PRNewsWire

Recurrent Energy Closes Project Financing for 119 MW Solar Project in Mexico

GUELPH, ON , Feb. 27, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy...

2 months ago - PRNewsWire

CANADIAN SOLAR WINS TOP BRAND PV AWARD IN THE UNITED STATES

GUELPH, ON , Feb. 15, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has been awarded the "Top Brand PV Award USA 2024" by EUPD Res...

3 months ago - PRNewsWire

Canadian Solar Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call for March 14

GUELPH, ON , Feb. 14, 2024 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ) today announced that it will hold a conference call on Thursday, March 14, 2024, at 8:00...

3 months ago - PRNewsWire

Recurrent Energy Closes $160 Million in Project Financing, Secures Microsoft as Customer for 127 MW Solar Project in Louisiana

GUELPH, ON , Feb. 6, 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, a...

3 months ago - PRNewsWire

Canadian Solar and SunRun gain on BlackRock investments, while Enphase and Sunnova move up on analyst upgrade

Canadian Solar Inc.'s stock led gains among four solar power companies in the spotlight on Tuesday as it disclosed a $500 million investment from BlackRock Inc. into its Recurrent Energy unit.

Other symbols: ENPHNOVARUN
4 months ago - Market Watch

Recurrent Energy Announces $500 Million Capital Commitment from BlackRock to Grow Its Global Renewable Energy Platform

NEW YORK and GUELPH, ON , Jan. 23, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy sto...

4 months ago - PRNewsWire

Canadian Solar's e-STORAGE to Deliver 220 MWh DC of Battery Storage Solutions to Epic Energy's Mannum Project in South Australia

GUELPH, ON , Jan. 8, 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

Recurrent Energy Completes Sale of 100 MW/200 MWh Battery Energy Storage Project in South Australia to Epic Energy

GUELPH, ON , Jan. 8, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that Recurrent Energy, a global developer and owner of solar and energy...

4 months ago - PRNewsWire

Canadian Solar's e-STORAGE Launches SolBank 3.0 with Higher Density and Advanced Safety

GUELPH, ON , Dec. 12, 2023 /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 subsidia...

5 months ago - PRNewsWire

Canadian Solar's e-STORAGE to Deliver 1,170 MWh DC of Battery Storage Solutions to the Largest Battery Storage Project in the UK

GUELPH, ON , Dec. 7, 2023 /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 subsidia...

5 months ago - PRNewsWire

Canadian Solar's e-STORAGE to Deliver 226 MWh DC of Battery Storage Projects to ENGIE in the UK

GUELPH, ON , Dec. 6, 2023 /PRNewswire/ --  Canadian Solar Inc . (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced its majority-owned e-STORAGE will deliver 226 MWh DC of turnkey energ...

5 months ago - PRNewsWire

Canadian Solar's e-STORAGE to Deliver 480 MWh DC of Battery Storage Solutions to the Summerfield Project in Australia

GUELPH, ON , Nov. 27, 2023 /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 subsid...

6 months ago - PRNewsWire