CSIQ - Canadian Solar Inc.
| Previous Close | 23.77 |
| Open | 23.48 |
| Bid | 22.33 x 1300 |
| Ask | 23.36 x 1000 |
| Day's Range | 22.62 - 23.73 |
| 52 Week Range | 12.69 - 25.89 |
| Volume | 619,629 |
| Avg. Volume | 750,344 |
| Market Cap | 1.348B |
| Beta (3Y Monthly) | 1.67 |
| PE Ratio (TTM) | 6.26 |
| EPS (TTM) | 3.63 |
| Earnings Date | Nov 13, 2019 - Nov 18, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 25.66 |
- Zacks
Canadian Solar Inks O&M Deal for Solar PV Plants in Australia
Canadian Solar (CSIQ) secures deal to conduct plant monitoring, performance management, and preventative and corrective maintenance in the solar farms.
- PR Newswire
Canadian Solar Signs Agreements to Provide Operations & Maintenance Services for 300 MWp Solar Power Plants in Australia
GUELPH, Ontario, Aug. 21, 2019 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (CSIQ), one of the world's largest solar power companies, today announced that it has signed Operations & Maintenance (O&M) agreements with Gannawarra Solar Farm Pty Ltd, Hayman Solar Farm Pty Ltd and Daydream Solar Farm Pty Ltd for three solar PV plants totaling 300 MWp in Australia. The Gannawarra Solar Farm near Kerang in western Victoria, co-owned by Wirsol and Edify Energy, is a 60 MWp single-axis tracking solar system with energy storage and it is the first large-scale solar farm in Victoria to date.
- Motley Fool
Another Bullish Sign for Solar Stocks
Canadian Solar's earnings report showed some positive signs for the solar industry.
- Investopedia
3 Charts That Suggest It's Time to Buy Solar Stocks
Solar stocks have managed to trend higher in recent weeks despite the uptick in global market volatility.
- Zacks
Is Canadian Solar (CSIQ) Outperforming Other Oils-Energy Stocks This Year?
Is (CSIQ) Outperforming Other Oils-Energy Stocks This Year?
- Zacks
Canadian Solar (CSIQ) Q2 Earnings Top, '19 Shipment View Up
Canadian Solar (CSIQ) posts better-than-expected results for second-quarter 2019. Additionally, the company raises its full-year shipment view.
- Zacks
5 Price-to-Book Value Picks to Improve Portfolio Returns
P/B ratio is emerging as a convenient tool for identifying low-priced stocks that have high growth prospects.
- Thomson Reuters StreetEvents
Edited Transcript of CSIQ earnings conference call or presentation 15-Aug-19 12:00pm GMT
Q2 2019 Canadian Solar Inc Earnings Call
- MarketWatch
These 4 stocks have strong technical momentum
These four stocks are moving on positive earnings and have strong technical momentum. Canadian Solar Inc. (CSIQ) rose $2.48 to $23.08 on 4.3 million shares Thursday, over six times its average volume.
Motley FoolCanadian Solar Inc (CSIQ) Q2 2019 Earnings Call Transcript
CSIQ earnings call for the period ending June 30, 2019.
- Motley Fool
Why Canadian Solar Stock Just Popped 13%
Weak sales guidance can't undermine a stellar Q2 profit.
- Benzinga
Canadian Solar Trades Higher After Q2 Earnings Beat
Canadian Solar (NASDAQ: CSIQ ) reported second-quarter EPS of 77 cents, which beat the analyst consensus of 30 cents. The company reported sales $1.036 billion versus the $990.29 million estimate. Canadian ...
- Zacks
Canadian Solar (CSIQ) Beats Q2 Earnings and Revenue Estimates
Canadian Solar (CSIQ) delivered earnings and revenue surprises of 234.78% and 4.63%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- PR Newswire
Canadian Solar Reports Second Quarter 2019 Results
GUELPH, Ontario , Aug. 15, 2019 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced ...
- Zacks
Canadian Solar (CSIQ) to Post Q2 Earnings: What's in Store?
Canadian Solar's (CSIQ) Q2 results are likely to gain from solid product sales, higher volume of module sales and stable average selling price.
- Zacks
SolarEdge Technologies (SEDG) Jumps: Stock Rises 5.2%
SolarEdge Technologies (SEDG) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.
- Zacks
CSIQ vs. RUN: Which Stock Should Value Investors Buy Now?
CSIQ vs. RUN: Which Stock Is the Better Value Option?
- Zacks
Earnings Preview: Canadian Solar (CSIQ) Q2 Earnings Expected to Decline
Canadian Solar (CSIQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- InvestorPlace
9 High-Risk Stocks to Buy for Massive Rewards
[Editor's note: This story was previously published in April 2019. It has since been updated and republished.]Slow and steady wins the race, as the old adage goes. But slow and steady can be a bit boring. Investors looking for stocks to buy, as a rule, should focus on high-quality, and preferably, lower-risk issues.Still, there's room in any investor's portfolio for higher-risk, higher-reward plays -- as long as those risks are understood.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn that vein, here are 10 stocks to buy that offer potentially significant rewards … and almost as much risk. None of these stocks should be a core part of a portfolio, and all have the potential to blow up in your face. * 10 Stocks to Buy on the Trade War Dip But taking those risks also creates the possibility of a major reward. It's likely at least a few of these stocks will wind up big winners going forward. Teva Pharmaceutical (TEVA)Teva Pharmaceutical (NYSE:TEVA) isn't having a great year, down more than 57%.Teva has too much debt and too little growth. Its key drug, Copaxone, which treats multiple sclerosis, is facing generic competition from Mylan (NASDAQ:MYL), among others.Bankruptcy likely isn't a near-term scenario but the current trajectory suggests it could occur down the line. In short, TEVA is a classic contrarian, "buy when there's blood in the streets" type of play. And there are reasons TEVA is one of these great (if risky) stocks to buy.While pressure has persisted on generic drugs, but it won't last forever.The company has sold assets to clean up its balance sheet, which has de-risked the story somewhat. In my opinion, Teva is a better version of Valeant, but with an easier path back to normalcy.It's a risky path, but if it works TEVA could gain another 20%-plus simply by reaching a higher multiple and removing bankruptcy fears. Scientific Games Corp (SGMS)The story already has played out somewhat at Scientific Games (NASDAQ:SGMS), which is up 14.23% so far this year. But the growth story isn't necessarily over.Source: Shutterstock Only a few years ago, Scientific Games was a sleepy, low-growth provider of lottery tickets and terminals. But that changed in quick succession.SciGames acquired slot machine manufacturers WMS Industries and Bally Technologies, the latter coming only months after Bally bought equipment maker and gaming table designer Shuffle Master. Scientific Games became the dominant supplier to the casino industry worldwide: a "one-stop shop" for casino floors.It also became one of the most indebted companies in the U.S. markets and still is. The combination of that debt and careful cost controls at casinos, particularly in the U.S., kept SGMS stock below $20 to start the year. * 10 Cyclical Stocks to Buy (or Sell) Now But it now looks like the long-awaited "replacement cycle" of slot machines is arriving and that could be hugely beneficial for Scientific Games and its smaller, similar rival Everi Holdings Inc (NYSE:EVRI). And considering how much leverage is still on the balance sheet, there's a case for SGMS to clear $100 -- yes, $100 -- if profit growth accelerates.That's not a guarantee, obviously, but it's the nature of highly indebted companies. Leverage is a weight when those companies struggle, and it's a springboard when they grow. Chesapeake Energy (CHK)In the case of Chesapeake Energy Corporation (NYSE:CHK), leverage has been a weight. After optimism about stable energy prices and Chesapeake's improved balance sheet boosted CHK stock in 2017, it was nothing but downhill in 2018.Source: Shutterstock CHK now trades down more than 68% since the beginning of the year and just bounced off multi-year lows.I think CHK is the best, if riskiest, of the stocks to buy on higher energy prices.It's also worth pointing out that Chesapeake bonds actually have been rather stable so far this year. Efficiency improvements at the wellhead have lowered costs as well.Chesapeake is a risky play, but the combination of debt on the balance sheet and leverage from higher energy prices mean that with a couple of changes, CHK could soar. Splunk (SPLK)Splunk (NASDAQ:SPLK), on the other hand, isn't the cheapest stock in its space or anywhere else. The high-flying "operational intelligence" software provider trades up nearly 30% since the beginning of the year alone.Source: Web Summit Via FlickrThe valuation alone shows the risk in SPLK, which has pulled back from brief early-2014 highs above $100. But since that pullback, SPLK stock actually has been rather stable, as investors give the company time to grow into its valuation.Meanwhile, Splunk continues to be a likely acquisition target, with Cisco (NASDAQ:CSCO) cited as a potential buyer in June and International Business Machines (NYSE:IBM) long thought to be a logical acquirer. * 10 Generation Z Stocks to Buy Long Splunk is a classic growth stock in that it, too, is high-risk and high-reward. But it looks like one of the better growth stocks to buy in what might be an over-aggressive market at the moment. Ship Finance International (SFL)The shipping space generally has been a "Bermuda Triangle" for investor capital, but Ship Finance International (NYSE:SFL) might be the exception to the rule.Source: Shutterstock There's likely to be some near-term volatility and Ship Finance's dividend, which currently yields 11%, could be at risk, but it's still one of those great stocks to buy if you can handle the risk.But this also remains one of the best plays in shipping, available for a modest premium to book value and at low-teens multiple to earnings. The industry alone, and a heavily leveraged balance sheet, both show the risk.But if Ship Finance can make it through some choppy waters over the next few months, there's likely a nice return for shareholders on the other side. GW Pharmaceuticals (GWPH)There's no sector of the market more boom-and-bust than biotech and drug development. GW Pharmaceuticals (NASDAQ:GWPH) doubles down on that volatility by developing its drugs from marijuana.But GW Pharmaceuticals isn't one of those fly-by-night penny stocks to buy based on legalized weed. Which is why it popped on its Q2 marijuana-based sales. It's a $2.6 billion pharmaceutical company with a legitimate lead product candidate in Epidiolex, aimed to treat Dravet Syndrome and Lennox-Gastaut Syndrome.Sativex, used to treat multiple sclerosis spasticity, already is on the market. And another compound has potential uses to fight epilepsy and treat autism spectrum disorders. * 8 of the Most Shorted Stocks in the Markets Right Now Like most drug development plays, GWPH is high-risk. But there's a reason for investors to hold long-term optimism toward the company's pipeline. Success in getting those drugs to market likely would make GWPH an acquisition target at some point suggesting a significant upside from current levels. If it happens, analysts see GWPH stock surging near 30%.That in turn, would suggest likely significant upside from current levels for GWPH stock. Canadian Solar (CSIQ)Considering that solar power actually is gaining an increasing share of the U.S. market, in particular, it's surprising that solar stocks including Canadian Solar (NASDAQ:CSIQ) actually haven't done all that well.Source: Shutterstock SolarCity had to be rescued by Tesla (NASDAQ:TSLA). First Solar (NASDAQ:FSLR) is down from multi-year highs despite the recent strength.There are risks for CSIQ, in particular. "Commoditization" and price pressure could hit margins. Still, demand for CSIQ equipment is growing, the stock isn't terribly highly valued, and it's lagged of late while FSLR, in particular, has risen.Solar stocks are likely to stay choppy for a while, but CSIQ should have some room to run if it can get through the second half of the year. Superior Industries International (SUP)Superior Industries International (NYSE:SUP) is on the move again. Shipments of the company's aluminum wheels hit a record last year and it's starting to pay off.Source: Helgi Halldorsson via FlickrAuto parts stocks as a whole have had trouble, driven by "peak auto" concerns in the space. Superior itself has had a couple of missteps that impacted margins, and profits. And with SUP one of the more indebted companies in the sector, both factors have had an amplified impact on Superior's share price.But there's a reason to see a reversal as well, which is what makes SUP one of the smart stocks to buy. Near-term auto sales may be coming down, particularly in the U.S. * 7 A-Rated Stocks Under $10 Last year's acquisition of European supplier UNIWHEELS improved Superior's position overseas. And there is room to improve execution, and hopefully, margins, going forward.SUP does have potential downside risk, particularly if global macro concerns arise, pressuring auto sales and dropping SUP earnings further. But for contrarians who think the auto parts selloff is overdone, SUP is one of the more intriguing plays. Chegg (CHGG)Chegg (NYSE:CHGG) is another of the growth stocks to buy with a high valuation and a big opportunity.Source: Rob Wall via Flickr (Modified)The company began as an online textbook rental company. But it wound up outsourcing that business to another provider and since has focused on becoming the dominant digital platform for U.S. college students.And Chegg is having some success. Revenues are growing and adjusted EBITDA has turned positive after years of losses. The company's tutors and study services businesses are growing rapidly, and it's becoming a fixture in the college landscape.There are risks here beyond valuation. Like so many companies, Amazon is a potential competitor down the line, given its efforts to offer free Prime services to college students. But at this point, it might simply be easier for Amazon to buy Chegg, rather than expend the resources to try and fight it.With each passing quarter, Chegg gets more and more entrenched. And that only serves to strengthen the bull case for CHGG stock.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Cheap Stocks That Are Leading the Blue Chips * 7 Straight-A Stocks to Build a Portfolio Around * Forget the FANGs -- Buy These 5 Tech Stocks Instead The post 9 High-Risk Stocks to Buy for Massive Rewards appeared first on InvestorPlace.
- PR Newswire
Canadian Solar Energizes Largest Solar Power Plant in Argentina
GUELPH, Ontario, Aug. 5, 2019 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (CSIQ), one of the world's largest solar power companies, today announced its 100.1 MWp Cafayate solar power project in Argentina started commercial operation on July 19, 2019. It is now the largest operational solar power plant in the country. Located in the Province of Salta, the solar project is powered by over 289,000 Canadian Solar's high efficiency modules and will generate over 216 GWh of electricity per year. As part of the RenovAR program launched by the Argentinian Government in 2016, the Cafayate project was awarded a 20-year U.S. dollar indexed power purchase agreement of US$56.28/MWh with CAMMESA (the national wholesale power market administrator and clearinghouse) during the second renewable public tender.
- Bloomberg
Bankrupt PG&E Cuts Deals to Pay Less for Solar and Batteries
(Bloomberg) -- PG&E Corp., the California utility giant that went bankrupt in January amid crippling wildfire liabilities, has reached a deal with some of its power suppliers that would cut the prices it pays for their electricity.San Francisco-based PG&E is asking a bankruptcy judge to clear deals with Canadian Solar Inc. unit Recurrent Energy and two energy-storage providers to trim contract prices by at least 10%, saving the utility about $20 million, according to a court filing. PG&E is also asking state regulators to approve the changes.The move may foreshadow what’s to come as PG&E’s bankruptcy throws the fate of $42 billion worth of long-term electricity contracts -- along with California’s environmental ambitions -- into question. The prospect of the contracts getting killed has already rattled the power industry, which relies on long-term agreements to attract financing.Judge Dennis Montali, who is overseeing PG&E’s Chapter 11 case, ruled in June that the bankruptcy court has sole determination over the agreements, thwarting an attempt by power generators to give the Federal Energy Regulatory Commission a say.“The most important aspect here is the negotiation rather than the outright rejection of the power contracts,” said Andy DeVries, a utilities analyst with CreditSights Inc. “The agreement could indicate how PG&E plans to deal with its other power contracts going forward.”PG&E fell 0.4% to close at $18.05 on Thursday. Canadian Solar rose 4.3% to $22.23.Recurrent and the battery storage companies -- Micronoc Inc. and EsVolta LP -- had asked PG&E to renegotiate their contracts to reduce uncertainty and eliminate financing risks, the utility said.A 10% price reduction “isn’t much of a haircut,” Bloomberg Intelligence utilities analyst Kit Konolige said. A lot of contract holders must be “breathing a little easier now,” he said. (Updates with analyst’s comment in fifth pargaraph)\--With assistance from David Baker.To contact the reporters on this story: Mark Chediak in San Francisco at mchediak@bloomberg.net;Allison McNeely in New York at amcneely@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
6 Promising Price-to-Book Value Stocks to Buy in August
P/B ratio is emerging as a convenient tool for identifying low-priced stocks that have high growth prospects.
- Zacks
Zacks Industry Outlook Highlights: Enphase Energy, Azure Power Global and Canadian Solar
Zacks Industry Outlook Highlights: Enphase Energy, Azure Power Global and Canadian Solar
