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Canadian Solar Inc (CSIQ)
NASDAQ:CSIQ
Canadian Solar (CSIQ) Stock Price & Analysis
2,343 Followers
CSIQ Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$14.11 - $45.29
Previous Close$15.76
Volume3.86M
Average Volume (3M)1.71M
Market Cap
$1.04B
Enterprise Value$1.97B
Total Cash (Recent Filing)$1.96B
Total Debt (Recent Filing)$2.52B
Price to Earnings (P/E)5.1
Beta1.19
Next Earnings
Aug 15, 2024EPS Estimate
$0.32Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.12
Shares Outstanding66,158,741
10 Day Avg. Volume2,645,221
30 Day Avg. Volume1,711,371
Standard Deviation0.16
R-Squared0.20
Alpha-0.00558
Financial Highlights & Ratios
Price to Book (P/B)0.55
Price to Sales (P/S)0.14
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.36
Enterprise Value/Gross Profit1.56
Enterprise Value/Ebitda6.59
Forecast
1Y Price Target
$25.34Price Target Upside60.79% Upside
Rating ConsensusHold
Number of Analyst Covering9
Canadian Solar News
PremiumCompany Announcements
Canadian Solar Reports Strong Q1 2024 Performance
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCSIQ reported strong results, with module shipments nearing the high end of guidance, translating into strong topline performance.
Market OutlookManagement expects a favorable market for the Distributed Generation sector and remains upbeat on future US market opportunities.
Operational EfficiencyCanadian Solar is significantly expanding its production capacities, which positions it well to capitalize on the increasing demand for solar installations.
Bears Say
Analyst ExpectationsAnalyst lowers price target to $23/share from $28/share due to a higher capex forecast and a lower assumed SOTP multiple.
Financial GuidanceThe company took down 2024 revenue guidance and pricing/margin uncertainties are likely to persist.
Revenue VolatilityRevenue and profits from project development add cyclicality to earnings, potentially leading to fluctuations in valuation.
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Ownership Overview
0.00%
Insiders
6.92% Mutual Funds
19.78% Other Institutional Investors
73.30% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CSIQ FAQ
What was Canadian Solar Inc’s price range in the past 12 months?
Canadian Solar Inc lowest stock price was $14.11 and its highest was $45.29 in the past 12 months.
What is Canadian Solar Inc’s market cap?
Currently, no data Available
When is Canadian Solar Inc’s upcoming earnings report date?
Canadian Solar Inc’s upcoming earnings report date is Aug 15, 2024 which is in 88 days.
How were Canadian Solar Inc’s earnings last quarter?
Canadian Solar Inc released its earnings results on May 09, 2024. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of -$0.007 by $0.197.
Is Canadian Solar Inc overvalued?
According to Wall Street analysts Canadian Solar Inc’s price is currently Undervalued.
Does Canadian Solar Inc pay dividends?
Canadian Solar Inc does not currently pay dividends.
What is Canadian Solar Inc’s EPS estimate?
Canadian Solar Inc’s EPS estimate is $0.32.
How many shares outstanding does Canadian Solar Inc have?
Canadian Solar Inc has 64,635,720 shares outstanding.
What happened to Canadian Solar Inc’s price movement after its last earnings report?
Canadian Solar Inc reported an EPS of $0.19 in its last earnings report, beating expectations of -$0.007. Following the earnings report the stock price went down -1.818%.
Which hedge fund is a major shareholder of Canadian Solar Inc?
Among the largest hedge funds holding Canadian Solar Inc’s share is Hussman Strategic Advisors Inc. It holds Canadian Solar Inc’s shares valued at 7M.
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Canadian Solar Stock Smart Score
Underperform
1
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10
Analyst Consensus
Hold
Average Price Target:
$25.34 (60.79% Upside)
$25.34 (60.79% Upside)
Blogger Sentiment
Bullish
CSIQ Sentiment 92%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 825.0 Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days >0.1%
Last 30 Days ▼ 4.2%
Last 30 Days ▼ 4.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-59.29%
12-Months-Change
Fundamentals
Return on Equity
8.86%
Trailing 12-Months
Asset Growth
25.81%
Trailing 12-Months
Company Description
Canadian Solar Inc
Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules and a provider of solar energy solutions. It operates through the Module and System Solutions (MSS), and Energy segments. The MSS segment involves in the design, development, manufacture, and sales of solar power products and solar system kits, and operation and maintenance services. The Energy segment comprises primarily of the development and sale of solar projects, operating solar power projects and the sale of electricity. The company was founded by Shawn Qu in October 2001 and is headquartered in Guelph, Canada.
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CSIQ Company Deck
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CSIQ Earnings Call
Q1 2024
0:00 / 0:00
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CSIQ Stock 12 Month Forecast
Average Price Target
$25.34
▲(60.79% Upside)
Technical Analysis
Best Analysts Covering CSIQ
1 Year
1 Year Success Rate
11/22 ratings generated profit
1 Year Average Return
+11.40%
reiterated a buy rating 2 months ago
Copying Colin Rusch's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +11.40% per trade.
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