CSIQ:NSD-Canadian Solar Inc (USD)

COMMON STOCK | Solar |

Last Closing

USD 14.65

Change

+0.59 (+4.20)%

Market Cap

USD 0.93B

Volume

1.49M

Analyst Target

USD 30.99
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. It offers standard solar modules and battery storage solutions; solar system kits, such as inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction (EPC) services, as well as operates battery energy storage projects. The Recurrent Energy segment engages in the development, construction, maintenance, and sale of solar power and battery storage projects; and operation of solar power plants; and sale of electricity. This segment provides operation and maintenance (O&M) services, including monitoring, inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar projects, as well as asset management services. It has a fleet of solar and battery energy storage plants in operation with an aggregate capacity of approximately 1,005 MWp and 600 MWh. It serves distributors, system integrators, project developers, and installers/EPC companies, as well as utility companies or grid operators, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial or government end users. It sells its products primarily under its Canadian Solar brand name. Canadian Solar Inc. was incorporated in 2001 and is based in Guelph, Canada.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-09-18 )

Largest Industry Peers for Solar

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

+1.83 (+0.76%)

USD 24.49B
ENPH Enphase Energy Inc

+1.21 (+1.02%)

USD 14.88B
RUN Sunrun Inc

-0.01 (-0.05%)

USD 4.30B
SEDG SolarEdge Technologies Inc

-0.83 (-3.69%)

USD 1.13B
ARRY Array Technologies Inc

-0.38 (-5.27%)

USD 1.10B
SHLS Shoals Technologies Group Inc

-0.18 (-2.79%)

USD 0.97B
CSLR Complete Solaria, Inc. Common ..

+0.19 (+7.06%)

USD 0.15B
MAXN Maxeon Solar Technologies Ltd

N/A

USD 0.11B
TYGO Tigo Energy Inc.

-0.13 (-8.07%)

USD 0.10B
BEEM Beam Global

-0.11 (-2.03%)

USD 0.08B

ETFs Containing CSIQ

BATE:F L&G Battery Value-Chain U.. 3.50 % 0.00 %

N/A

USD 0.71B
BATE:XETRA L&G Battery Value-Chain U.. 3.50 % 0.00 %

-0.03 (-0.44%)

USD 0.71B
SULR 3.43 % 0.00 %

N/A

N/A
PZI 0.00 % 0.70 %

N/A

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

+0.60 (+-0.44%)

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

-0.05 (-0.44%)

N/A
ACDC:AU ETFS Battery Tech and Lit.. 0.00 % 0.00 %

+0.43 (+-0.44%)

USD 0.49B
TANN:LSE 0.00 % 0.00 %

N/A

N/A
TANP:LSE 0.00 % 0.00 %

N/A

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

-0.07 (-0.44%)

USD 1.63M

Market Performance

  Market Performance vs. Industry/Classification (Solar) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -44.15% 37% F 18% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -44.15% 37% F 18% F
Trailing 12 Months  
Capital Gain -44.74% 65% D 20% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -44.74% 65% D 20% F
Trailing 5 Years  
Capital Gain -33.89% 67% D+ 32% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -33.89% 67% D+ 30% F
Average Annual (5 Year Horizon)  
Capital Gain 16.32% 56% F 74% C
Dividend Return 16.32% 56% F 73% C
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 69.14% 44% F 26% F
Risk Adjusted Return 23.61% 67% D+ 57% F
Market Capitalization 0.93B 67% D+ 70% C-

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 return on assets

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

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.

Superior return on equity

The company management has delivered better return on equity 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.

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.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

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.