This summary was created by AI, based on 3 opinions in the last 12 months.
Canadian Solar Inc. (CSIQ-Q) has shown mixed performance recently. While one expert recommends covering the position due to triggering a stop at $21, another expert views it as a top pick, citing low valuation, strong financials, and potential upside. Trevor Rose's insights indicate rising shipments and potential growth in the company's battery rollout. However, there are concerns about pricing pressure affecting sales. Overall, there is potential for growth, but also some risks to be aware of.
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. 1 analyst recommended to BUY the stock. 1 analyst 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 2024-08-30, Canadian Solar Inc. (CSIQ-Q) stock closed at a price of $12.63.
Lots of news and noise. Solar is not as green or as efficient as everybody thought. Massive demand coming on the power grid as AI, data storage, and population grow. Chart tells him that people are just as enthusiastic about that sector as he is, which is not very. Can't endorse the sector.