This summary was created by AI, based on 3 opinions in the last 12 months.
Canadian Solar Inc. (CSIQ-Q) is a highly rated stock by experts. One expert recommends covering the position due to triggering a stop at $21, while another expert sees it as a top pick with a potential upside of 49%. The company has shown strong growth in shipments and is expected to achieve its full-year guidance. Gross margin expansion and the company's battery rollout are positive indicators. However, sales were slightly affected by pricing pressure. Overall, the stock has shown strong potential for growth and profitability.
Canadian Solar shipments rose 62% to 8.2 gigawatts of modules in 2Q, reaching the midpoint of guidance, and could rise more than 40% to 30-35 GW for the year due to global demand. Sales were roughly flat in 2Q at $2.4 billion, affected by pricing pressure that could also crimp 3Q sales despite guidance calling for higher volumes. Yet full-year guidance ($9-$9.5 billion) is still probably achievable. Gross margin expanded to 18.6% in 2Q vs. 16% a year earlier, yet was flat sequentially. The company's battery rollout, which has a robust utility-scale pipeline of about $2.1 billion in 2Q, could ramp up further as management expects annual production capacity to grow to 10 gigawatt-hours (GWh) from 2.5 GWh by year-end. For the quarter EPS of $2.39 beat estimates of $152, and sales of $2.36B missed estimates of $2.47B.
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Solar panel manufacturer. A Canadian company with operations in Canada, but is basically a US company. They get a lot of their product out of China. However, there are a lot of strange cross currents. Very difficult to get information on this company. Very volatile.
Canadian Solar Inc. is a American stock, trading under the symbol CSIQ-Q on the NASDAQ (CSIQ). It is usually referred to as NASDAQ:CSIQ or CSIQ-Q
In the last year, 2 stock analysts published opinions about CSIQ-Q. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canadian Solar Inc..
Canadian Solar Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Canadian Solar Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Canadian Solar Inc. In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Canadian Solar Inc. (CSIQ-Q) stock closed at a price of $19.48.
Our PAST TOP PICK with CSIQ has triggered its stop at $21. To remain disciplined, we recommend covering the position at this time.