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Investor Insights

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.

Consensus
Mixed
Valuation
Undervalued
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 12/23, Down 22.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CSIQ has triggered its stop at $21.  To remain disciplined, we recommend covering the position at this time.

other mines
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

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)
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BUY ON WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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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other mines
DON'T BUY
Great job building out best-in-class solar panels. Issue is competition from China. Biden administration has suspended tariffs for 2 years, so facing more competition. He'd prefer BLX or NPI, which will benefit from price competition.
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DON'T BUY
He's cool on the solar energy space and predicts some of these names will not last.
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DON'T BUY
They got hit hard when China when big into green tech a decade ago and flooded the market with solar panels. CSIQ was one of the big solar panel-makers. They also spun off their renewable energy assets. This stock is completely ethical, but the price of panels plunging hurts this stock.
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COMMENT

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.

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PAST TOP PICK
(A Top Pick Jan 15/10. Down 51.18%.) Got stopped out after he rode it up and it dropped sharply.
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TOP PICK
Chinese-based solar panel manufacturer. Want to participate in the new Ontario feed-in tariff program and have a new Kitchener head office. With feed-in declines this industry is growing very effectively so solar is doing fine and this is a good company.
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TOP PICK
Germany lowered what they are giving in rebates on solar purchases and all the solar stocks have pulled off. Good buying opportunity. Try to get it at $23.
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BUY
If you like the solar space, some of the companies that you could consider are First Solar (FSLR-Q), a rise technology (APV-T) and Canadian Solar (CSIQ-Q).
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DON'T BUY
Solar is a hot field and a lot of companies have done very well. This one has gone up about 4X from its low, which makes him a little wary. Have been signing new contracts, working in China and everything seems to be going their way. Not a contrarian investment.
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BUY
Produce solar cells in China. Q3 results had earnings of $.11 while the street was expecting $0.05. Have announced contracts to sell modules to a group to build a farm in Spain. Still under 20X 2009 earnings.
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Canadian Solar Inc.(CSIQ-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Canadian Solar Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 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..

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?

2 stock analysts 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 2024-04-15, Canadian Solar Inc. (CSIQ-Q) stock closed at a price of $15.48.