CSIQ - Canadian Solar Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
21.69
-0.22 (-1.00%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close21.91
Open21.89
Bid0.00 x 800
Ask0.00 x 1100
Day's Range21.25 - 21.97
52 Week Range12.69 - 25.89
Volume437,983
Avg. Volume689,596
Market Cap1.285B
Beta (3Y Monthly)1.59
PE Ratio (TTM)5.97
EPS (TTM)3.63
Earnings DateNov 13, 2019 - Nov 18, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est25.66
Trade prices are not sourced from all markets
  • First Solar Stock Drops as Solar Power Grows
    InvestorPlace

    First Solar Stock Drops as Solar Power Grows

    If you bought First Solar (NASDAQ:FSLR) stock as a way to play the future of solar energy, you're probably frustrated. Over the last five years First Solar stock is down almost 8%. Sales have been declining and losses are piling up. Operating cash flow has usually been negative. Cash on hand is declining.Source: Shutterstock Reading First Solar's numbers, you might think solar energy is a myth. It's not.The amount of solar energy in America's energy grid rose 30% in 2018. It's on pace for another gain this year, despite the rolling back of financial incentives.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are now over 2 million solar installations in the U.S., and that's expected to double over the next five years. First Solar's Problem is DeflationThe problem is deflation. The problem is China. First Solar's share of the global market is down to 3%. The big players are all Chinese companies, like JinkoSolar (NYSE:JKS), privately held JA Solar and Trina Solar, along with Canadian Solar (NASDAQ:CSIQ).Solar is like open-source software because the biggest benefits go to the users, not the developers. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Solar panel prices keep declining, and solar panels keep getting more efficient. Canadian Solar now has a panel that claims conversion efficiency of nearly 23%. A startup, Solaria, is at 20%. First Solar is also at 22%. Solar efficiency could increase even faster, but the poor financial results for existing players mean research funding is drying up.Solar must also compete with wind in the renewable energy market, even though they're complementary, since wind supplies peak at night and solar during the day. Still, wind has been taking the prizes. Wind now represents 6.5% of the U.S. electrical grid. It is below the levelized cost of energy from natural gas.Then there's efficiency, which only shows up in consumption statistics. Electricity demand remains stubbornly stable, even with electric cars appearing on many roads, and even with increased demand for air conditioning. There's a Growing Thumb on CostsWhile renewables still represent less than 10% of the U.S. energy grid, their economic models aren't based on burning anything. Once a solar panel or wind turbine is in production, it keeps producing. Besides its initial costs, a solar panel or wind turbine just implies maintenance costs. By contrast, oil and natural gas aren't really energy. They're commodities that we burn to create energy.Recent attacks on Saudi oil installations made little difference to the market. The U.S. has 700 million barrels of oil, a nearly two-year supply, in storage. Saudi Arabia has another 190 million barrels. It's mostly there for oil-storage trade -- the practice of purchasing oil at a lower price and holding it in storage until prices increase.The world, in short, is awash in energy, from all sources. All players are struggling to stay afloat against the continuing threat of deflation. The Bottom Line on First Solar StockPresident Donald Trump's administration has done all it can to boost the oil patch and discourage renewables.Yet every time a solar panel goes on a roof, demand is taken out of the market, permanently. This doesn't mean solar panel makers are a good investment, as First Solar proves. The market is going to government-supported panel makers in China.First Solar manufactures its panels in Malaysia, Vietnam and even Ohio. The company is wisely focused on the utility business. Here, big facilities keep costs low. Low costs from scaling mean there's more business than in the residential market, where each installation requires its own permits.That doesn't mean I'm buying First Solar stock. I'm just glad someone is.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post First Solar Stock Drops as Solar Power Grows appeared first on InvestorPlace.

  • 5 Low Price-to-Book Stocks to Increase Your Portfolio's Value
    Zacks

    5 Low Price-to-Book Stocks to Increase Your Portfolio's Value

    P/B ratio is emerging as a convenient tool for identifying low-priced stocks that have high growth prospects.

  • Occidental Petroleum (OXY) Surges: Stock Moves 6% Higher
    Zacks

    Occidental Petroleum (OXY) Surges: Stock Moves 6% Higher

    Occidental Petroleum (OXY) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

  • PR Newswire

    Canadian Solar Sets a 22.80% Conversion Efficiency World Record for P-type Large Area Multi-Crystalline Silicon Solar Cell

    GUELPH, Ontario , Sept. 17, 2019 /PRNewswire/ -- Canadian Solar Inc.  ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced ...

  • Fiserv, DXC Technology, Canadian Solar, SolarEdge Technologies and Enphase Energy highlighted as Zacks Bull and Bear of the Day
    Zacks

    Fiserv, DXC Technology, Canadian Solar, SolarEdge Technologies and Enphase Energy highlighted as Zacks Bull and Bear of the Day

    Fiserv, DXC Technology, Canadian Solar, SolarEdge Technologies and Enphase Energy highlighted as Zacks Bull and Bear of the Day

  • Canadian Solar (CSIQ) Down 7.7% Since Last Earnings Report: Can It Rebound?
    Zacks

    Canadian Solar (CSIQ) Down 7.7% Since Last Earnings Report: Can It Rebound?

    Canadian Solar (CSIQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Zacks Value Trader Highlights: Alliance Data Systems, Alamos Gold, Canadian Solar, Herc Holdings and NRG Energy
    Zacks

    Zacks Value Trader Highlights: Alliance Data Systems, Alamos Gold, Canadian Solar, Herc Holdings and NRG Energy

    Zacks Value Trader Highlights: Alliance Data Systems, Alamos Gold, Canadian Solar, Herc Holdings and NRG Energy

  • Duke Energy Acquires Canadian Solar's Rambler Solar Project
    Zacks

    Duke Energy Acquires Canadian Solar's Rambler Solar Project

    Duke Energy (DUK) and Recurrent Energy have partnered on six solar projects, including the latest acquisition.

  • US Solar Consumption on the Rise: 3 Stocks to Buy
    Zacks

    US Solar Consumption on the Rise: 3 Stocks to Buy

    Recent developments in the solar industry are making solar stocks attractive investment options.

  • Duke Energy grows pipeline of solar projects with another acquisition in Texas
    American City Business Journals

    Duke Energy grows pipeline of solar projects with another acquisition in Texas

    The commercial subsidiary of Duke Energy Corp. now has 1,500 megawatts worth of new solar and wind projects announced this year.

  • 5 Value Stocks for the Great Stock Rotation
    Zacks

    5 Value Stocks for the Great Stock Rotation

    Could this rotation out of growth stocks and into value be the change in sentiment that value investors have been waiting years for?

  • SunPower to Install Solar Solutions in Sony Pictures' Studio
    Zacks

    SunPower to Install Solar Solutions in Sony Pictures' Studio

    SunPower's (SPWR) solar solutions to be installed in a 1.6-megawatt solar project, which will be constructed at Sony Pictures' studio in Culver City.

  • Duke Energy Renewables acquires 200-MWac Texas solar project from Canadian Solar
    PR Newswire

    Duke Energy Renewables acquires 200-MWac Texas solar project from Canadian Solar

    CHARLOTTE, N.C. and GUELPH, Ontario, Sept. 12, 2019 /PRNewswire/ -- Duke Energy Renewables, a subsidiary of Duke Energy (DUK), is expanding its solar energy portfolio by acquiring the 200-megawatt (MWac) / 266-megawatt peak (MWp) Rambler solar project from Recurrent Energy, a wholly-owned subsidiary of Canadian Solar Inc. ("Canadian Solar") (CSIQ). The project will be located in Tom Green County, Texas and is expected to achieve commercial operation in mid-2020.

  • PR Newswire

    Canadian Solar completes the sale of a 266-MWp Texas solar project to Duke Energy Renewables

    The Rambler solar project will produce enough clean energy to power the equivalent of 40,000 homes. CHARLOTTE, N.C. and GUELPH, Ontario, Sept. 12, 2019 /PRNewswire/ -- Duke Energy Renewables, a subsidiary of Duke Energy (DUK), is expanding its solar energy portfolio by acquiring the 200-megawatt (MWac) / 266-megawatt peak (MWp) Rambler solar project from Recurrent Energy, a wholly-owned subsidiary of Canadian Solar Inc. ("Canadian Solar") (CSIQ).

  • CSIQ vs. FSLR: Which Stock Should Value Investors Buy Now?
    Zacks

    CSIQ vs. FSLR: Which Stock Should Value Investors Buy Now?

    CSIQ vs. FSLR: Which Stock Is the Better Value Option?

  • Here's Why You Should Add Enphase Energy (ENPH) Stock Now
    Zacks

    Here's Why You Should Add Enphase Energy (ENPH) Stock Now

    Enphase Energy (ENPH) is a promising pick for investors, courtesy of these four factors.

  • The 4 Solar Stocks to Buy Today
    Motley Fool

    The 4 Solar Stocks to Buy Today

    Some leaders are emerging in the solar industry.

  • The Zacks Analyst Blog Highlights: SolarEdge, Canadian Solar and Enphase Energy
    Zacks

    The Zacks Analyst Blog Highlights: SolarEdge, Canadian Solar and Enphase Energy

    The Zacks Analyst Blog Highlights: SolarEdge, Canadian Solar and Enphase Energy

  • Here's Why You Should Add Canadian Solar (CSIQ) to Portfolio
    Zacks

    Here's Why You Should Add Canadian Solar (CSIQ) to Portfolio

    Canadian Solar's (CSIQ) performance benefits from year-over-year increase in global shipments.

  • 5 Price-to-Book Value Picks for September
    Zacks

    5 Price-to-Book Value Picks for September

    P/B ratio is emerging as a convenient tool for identifying low-priced stocks that have high growth prospects.

  • Is Canadian Solar (CSIQ) Stock Outpacing Its Oils-Energy Peers This Year?
    Zacks

    Is Canadian Solar (CSIQ) Stock Outpacing Its Oils-Energy Peers This Year?

    Is (CSIQ) Outperforming Other Oils-Energy Stocks This Year?

  • US Solar Construction Cost Keeps Dropping: 3 Stocks to Buy
    Zacks

    US Solar Construction Cost Keeps Dropping: 3 Stocks to Buy

    Wood Mackenzie forecasts spot prices of solar modules to fall 40% in next five years. This should encourage investors to choose solar stocks like Canadian Solar (CSIQ) and Enphase Energy (ENPH).

  • 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

  • JinkoSolar (JKS) Q2 Earnings Miss Estimates, Revenues Beat
    Zacks

    JinkoSolar (JKS) Q2 Earnings Miss Estimates, Revenues Beat

    Higher operating expenses related to increased shipping costs hurt JinkoSolar's (JKS) earnings in Q2.

  • Canadian Solar Wins Fund From Brazilian Bank for Solar Project
    Zacks

    Canadian Solar Wins Fund From Brazilian Bank for Solar Project

    BNB's funding multiple projects will enable Canadian Solar (CSIQ) to build one of the largest high efficiency bi-facial solar power plants in Latin America.