Canadian Solar Inc. (CSIQ-Q)
NASDAQ:CSIQ
9.06
0.33
(3.78%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 1 opinions in the last 12 months.
Canadian Solar Inc. (CSIQ-Q) has garnered significant attention, but the reviews from various experts indicate a cautious perspective on its outlook. While there is a growing demand for solar energy driven by advancements in AI, data storage, and increasing population, there are concerns about the actual environmental benefits and efficiency of solar energy compared to expectations. The overall enthusiasm in the solar sector is not as strong as it once was, leading to doubts about the company's future prospects. Consequently, experts seem to hesitate in fully endorsing the sector, suggesting that it might not be the right time to invest in solar stocks like Canadian Solar. This cautious sentiment reflects a broader skepticism regarding the sustainability and profitability of investments in this industry.
Trading at 5x earnings, under book value and with an 18% ROE, CSIQ is a TOP PICK. The 22 year old Guelph Ontario solar manufacturer recently reported earnings that doubled over year ago levels and a 39% increase in revenues. We recommend a stop-loss at $21, looking to achieve $41 -- upside potential of 49%. Yield 0%
(Analysts’ price target is $41.08)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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Canadian Solar Inc.(CSIQ-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
Canadian Solar Inc.(CSIQ-Q) Frequently Asked Questions
What is Canadian Solar Inc. stock symbol?
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
Is Canadian Solar Inc. a buy or a sell?
In the last year, 1 stock analyst published opinions about CSIQ-Q. 0 analysts 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..
Is Canadian Solar Inc. a good investment or a top pick?
Canadian Solar Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Canadian Solar Inc..
Why is Canadian Solar Inc. stock dropping?
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.
Is Canadian Solar Inc. worth watching?
1 stock analyst on Stockchase covered Canadian Solar Inc. In the last year. It is a trending stock that is worth watching.
What is Canadian Solar Inc. stock price?
On 2025-04-02, Canadian Solar Inc. (CSIQ-Q) stock closed at a price of $9.06.
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.