CSIQ:NGS-Canadian Solar Inc. (USD)

EQUITY | Solar | Nasdaq Global Select

Last Closing

USD 18.19

Change

+2.36 (+14.91)%

Market Cap

USD 0.61B

Volume

4.51M

Analyst Target

USD 30.99
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Canadian Solar Inc is a solar power company. The Company designs, develops and manufactures solar wafers, cells and solar power products.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-05-22 )

Largest Industry Peers for Solar

Symbol Name Price(Change) Market Cap
FSLR First Solar Inc

-17.95 (-6.16%)

USD 28.62B
ENPH Enphase Energy Inc

-5.11 (-3.94%)

USD 18.13B
NXT Nextracker Inc. Class A Common..

-1.28 (-2.11%)

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RUN Sunrun Inc

-0.61 (-4.40%)

USD 2.98B
SEDG SolarEdge Technologies Inc

-3.41 (-7.88%)

USD 2.63B
ARRY Array Technologies Inc

-0.56 (-4.31%)

USD 1.92B
SHLS Shoals Technologies Group Inc

-0.31 (-4.57%)

USD 1.16B
SPWR SunPower Corporation

-0.31 (-9.82%)

USD 0.58B
SMXT Solarmax Technology Inc. Commo..

-0.61 (-11.60%)

USD 0.27B
ZEO Zeo Energy Corp

+0.18 (+4.04%)

USD 0.18B

ETFs Containing CSIQ

BATT:SW L&G Battery Value-Chain U.. 3.87 % 0.00 %

-0.30 (-1.28%)

N/A
CTEX ProShares S&P Kensho Clea.. 3.71 % 0.00 %

-0.84 (-1.28%)

USD 3.56M
SULR 3.43 % 0.00 %

N/A

N/A
WRNW:XETRA WisdomTree Renewable Ener.. 3.03 % 0.00 %

-0.23 (-1.28%)

USD 1.19M
PZI 0.00 % 0.70 %

N/A

N/A
BATG:LSE L&G Battery Value-Chain U.. 0.00 % 0.00 %

-9.30 (-1.28%)

USD 0.67B
BATT:LSE L&G Battery Value-Chain U.. 0.00 % 0.00 %

-0.27 (-1.28%)

USD 0.67B
TANN:LSE 0.00 % 0.00 %

N/A

N/A
TANP:LSE 0.00 % 0.00 %

N/A

N/A

Market Performance

  Market Performance vs. Industry/Classification (Solar) Market Performance vs. Exchange (Nasdaq Global Select)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -30.65% 43% F 18% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -30.65% 43% F 18% F
Trailing 12 Months  
Capital Gain -57.95% 53% F 15% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -57.95% 53% F 15% F
Trailing 5 Years  
Capital Gain 3.23% 80% B- 55% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 3.23% 80% B- 48% F
Average Annual (5 Year Horizon)  
Capital Gain 21.41% 53% F 80% B-
Dividend Return 21.41% 53% F 80% B-
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 66.09% 47% F 25% F
Risk Adjusted Return 32.39% 65% D 67% D+
Market Capitalization 0.61B 68% D+ 74% C

Key Financial Ratios

  Ratio vs. Industry/Classification (Solar) Ratio vs. Market (Nasdaq Global Select)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 4.00 92% 85%
Price/Book Ratio 0.41 95% 92%
Price / Cash Flow Ratio 1.67 41% 45%
Price/Free Cash Flow Ratio 5.70 45% 34%
Management Effectiveness  
Return on Equity 12.10% 73% 81%
Return on Invested Capital 4.83% 76% 68%
Return on Assets 2.81% 70% 78%
Debt to Equity Ratio 64.67% 31% 34%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.