CSIQ - Canadian Solar Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
19.81
+0.50 (+2.59%)
At close: 4:00PM EST

19.81 0.00 (0.00%)
After hours: 4:07PM EST

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Previous Close19.31
Open19.31
Bid19.85 x 1100
Ask19.86 x 1800
Day's Range19.31 - 20.02
52 Week Range13.46 - 25.89
Volume1162069
Avg. Volume878,862
Market Cap1.2B
Beta (3Y Monthly)2.04
PE Ratio (TTM)5.62
EPS (TTM)3.53
Earnings DateNov 12, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est24.19
  • Hedge Funds Are Buying Canadian Solar Inc. (CSIQ)
    Insider Monkey

    Hedge Funds Are Buying Canadian Solar Inc. (CSIQ)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Is Now The Time To Put Canadian Solar (NASDAQ:CSIQ) On Your Watchlist?
    Simply Wall St.

    Is Now The Time To Put Canadian Solar (NASDAQ:CSIQ) On Your Watchlist?

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

  • Canadian Solar (CSIQ) Completes 3.3 MWp Project Sale in UK
    Zacks

    Canadian Solar (CSIQ) Completes 3.3 MWp Project Sale in UK

    Canadian Solar (CSIQ) expects to recognize revenues from the sale of the 3.3 MWp Milborne Port project in the fourth quarter of 2019.

  • PR Newswire

    Canadian Solar Announces a $150 Million Share Repurchase Program

    Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its Board of Directors has authorized a $150 million share repurchase program for a six month period beginning December 9th, 2019 and ending June 8th, 2020. The exact timing and amount of any repurchase will be determined by the Company's management, based on market conditions, share price and other factors, and will be subject to the restrictions relating to volume, price and timing under applicable law, including Rule 10b-18 under the Securities Exchange Act of 1934.

  • PR Newswire

    Canadian Solar Completes the Sale of the Last Subsidized Operational Project of 3.3 MWp in the UK

    Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), today announced that it has closed the sale of the 3.3 MWp Milborne Port project in the United Kingdom to Elm Trading Group, advised by Alpha Real Renewables. The transaction was closed in November 2019 and the Company expects to recognize revenue from the sale in the fourth quarter of 2019.

  • First Green Session of December
    Zacks

    First Green Session of December

    First Green Session of December

  • JinkoSolar (JKS) Supplies 40MW Solar Modules to Dutch Project
    Zacks

    JinkoSolar (JKS) Supplies 40MW Solar Modules to Dutch Project

    JinkoSolar's (JKS) ultra-high efficiency Cheetah HC 60 solar modules have been installed in Netherland's Almelo project.

  • Canadian Solar Completes Divestiture of Power Plant in Japan
    Zacks

    Canadian Solar Completes Divestiture of Power Plant in Japan

    Canadian Solar (CSIQ) completes the sale a solar power plant in Izu-shi, Shizuoka Prefecture of Japan for $42.1 million.

  • JinkoSolar (JKS) Provides 300 MW Tiger Modules in China
    Zacks

    JinkoSolar (JKS) Provides 300 MW Tiger Modules in China

    JinkoSolar (JKS) incorporates the Tiling Ribbon technology into its new Tiger module to eliminate the inter-cell gap and further increase efficiency.

  • PR Newswire

    Canadian Solar Completes JPY4.6 Billion Asset Sale to CSIF in Japan

    Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has completed the sale of a 10.8 MWp operating solar power plant in Izu-shi, Shizuoka Prefecture to Canadian Solar Infrastructure Fund, Inc. ("CSIF", Tokyo Stock Exchange ticker 9284) for JPY4,569 million (US$42.1 million).

  • Thomson Reuters StreetEvents

    Edited Transcript of CSIQ earnings conference call or presentation 12-Nov-19 10:00pm GMT

    Q3 2019 Canadian Solar Inc Earnings Call

  • ReneSola Divests 13MW Polish Solar Projects to SUNfarming
    Zacks

    ReneSola Divests 13MW Polish Solar Projects to SUNfarming

    ReneSola (SOL) sells development rights of its Polish solar utility projects. Monetization of these projects should boost its operating results.

  • PR Newswire

    Canadian Solar Achieves Commercial Operation on 53.4 MWp Project in Japan

    GUELPH, Ontario, Nov. 20, 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 reached commercial operation on a 53.4 MWp solar power plant in Japan. The Oita Hiji Machi solar project achieved commercial operation on October 31, 2019 and is powered by 160,308 Canadian Solar MaxPower modules. The plant is expected to generate approximately 61,587MWh of clean, solar electricity per year, which will be purchased by Kyushu Electric Power Company, Inc. under a 20-year feed-in-tariff contract at the rate of ¥40.0 ($0.37) per kWh.

  • Canadian Solar Sells 370 MWp Solar Project to KEPCO & Sprott
    Zacks

    Canadian Solar Sells 370 MWp Solar Project to KEPCO & Sprott

    Canadian Solar (CSIQ) is on track to expand its footprint in the Mexico solar market.

  • PR Newswire

    Canadian Solar Subsidiary Recurrent Energy Closes North Carolina Project Sale

    GUELPH, Ontario, Nov. 18, 2019 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (CSIQ), today announced its wholly-owned subsidiary Recurrent Energy has closed the sale of 99 percent of the partnership that owns the Class B membership interest in the 74.8 MWac/102 MWp NC 102 solar photovoltaic project, located in Cabarrus County, North Carolina, to NextEnergy Capital. In May 2018, Recurrent Energy secured the debt and tax equity financing for the project from Prudential Capital Group and U.S. Bancorp Community Development Corporation. The North Carolina project, which reached commercial operation at the end of September 2018, is one of the largest operating solar projects in North Carolina.

  • PR Newswire

    Canadian Solar Partners with Korea Electric Power Corporation and Sprott Korea to Build 370 Megawatt Mexico Solar Portfolio

    GUELPH, Ontario and NAJU, South Korea, Nov. 14, 2019 /PRNewswire/ --  Canadian Solar Inc.  (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power ...

  • Canadian Solar (CSIQ) Q3 Earnings & Sales Lag, Down Y/Y
    Zacks

    Canadian Solar (CSIQ) Q3 Earnings & Sales Lag, Down Y/Y

    Canadian Solar's (CSIQ) Q3 earnings are adversely impacted by higher operating expenses. The company maintains its module shipment guidance for 2019.

  • Canadian Solar (CSIQ) Q3 Earnings and Revenues Miss Estimates
    Zacks

    Canadian Solar (CSIQ) Q3 Earnings and Revenues Miss Estimates

    Canadian Solar (CSIQ) delivered earnings and revenue surprises of -25.00% and -4.76%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    Canadian Solar Reports Third Quarter 2019 Results

    GUELPH, Ontario , Nov. 12, 2019 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced ...

  • Earnings: 3 Buy-Rated Stocks to Watch Tuesday
    TipRanks

    Earnings: 3 Buy-Rated Stocks to Watch Tuesday

    Earnings season isn’t over yet. While the majority of S&P 500 companies have already reported, Wall Street is still eagerly awaiting the results from a select few names. With the results generally being better-than-expected, investors can’t wait to see what is in store for the companies lining up to report. Bearing this in mind, we wanted to dig a little deeper to get the lowdown on a few stocks that have yet to release their earnings reports. To get this done, we turned to TipRanks. The platform’s Stock Screener tool enabled us to pinpoint 3 must-watch tickers ahead of their upcoming releases today, all of which are currently buy-rated. Let’s get started. Advance Auto Parts, Inc. (AAP) Advance Auto Parts has captured the Street’s attention thanks to its 19% rise over the last three months. That being said, one top analyst reminds investors to keep their expectations in check ahead of its earnings release. While his bullish thesis remains very much intact, Wedbush’s Seth Basham points out that he expects results to fall in-line. Even though the company has taken a step in the right direction with its sales initiatives, it might not have boosted results as much as the car parts company had hoped. This lends itself to his forecasts of flat gross margins and somewhat sluggish comps of about 1%+ (vs consensus +1.2%). Nonetheless, Basham is still “constructive” on AAP’s third quarter numbers. “Pricing actions driven mostly by tariffs should provide a sequentially stronger boost to AAP comps, and could also benefit gross margins, helping (along with supply chain cost leverage, which is key to the long-term story) to offset pressures from LIFO and unicap accounting,” he noted. Basham adds that even if gross margins fall flat, it can be taken as a positive signal that the headwinds AAP faced in Q2 were only temporary. As a result, the four-star analyst kept his Buy recommendation and $180 price target. This target puts the potential twelve-month gain at 7%. (To watch Basham’s track record, click here) Looking at the consensus breakdown, the rest of the Street’s take on AAP is more mixed. 9 Buy ratings, 4 Holds and 1 Sell give it a ‘Moderate Buy’ analyst consensus. Its $169 average price target indicates downside potential of 0.2%. (See Advance Auto Parts stock analysis on TipRanks)  Cronos Group Inc. (CRON) Given the fact that it has been a tough quarter for the cannabis sector, all eyes are on Cronos Group before it announces earnings results. Unlike other key players in the space, CRON has been impressing investors with its prudent spending. Many cultivators in the industry have struggled as a result of funding, but this doesn’t appear to be the case for CRON. The company is set to finance its cultivation JV, Cronos GrowCo, with a $100 million revolving term loan facility. Not to mention the cannabis name also saw its Australian operation close an AUD$20 million public offering. Adding to the excitement, Q3 represents the first time that investors will get to see how its Lord Jones brand is performing. Cronos acquired the CBD brand for $300 million back in September. Based on all the above, CIBC analyst John Zamparo still sees the cannabis stock as a buying proposition, with his estimates putting quarterly revenue at CA$13.3 million. While this is less than the CA$13.8 million consensus estimate, Zamparo’s prediction still brings the gain from Q2 to 30%-plus. The analyst also highlights Lord Jones as key area to watch, telling clients Lord Jones gross margins could come in 10 to 15 percentage points higher than existing cannabis operations. To this end, the analyst kept a $15 price target along with his rating. This implies shares could soar 87% over the next twelve months. (To watch Zamparo’s track record, click here) Similarly, other Wall Street analysts like what they’re seeing. With 5 Buys and 1 Hold received in the last three months, CRON earns a ‘Strong Buy’ Street consensus. Additionally, its $14 average price target suggests 73% upside potential. (See Cronos Group stock analysis on TipRanks) Canadian Solar Inc. (CSIQ) Canadian Solar is one of the leading providers of solar PV modules and other solar energy solutions. With tariffs presenting a potential threat to the company, Wall Street is waiting to see how CSIQ will fare in its third quarter. The Trump administration announced that it would be imposing tariffs on bifacial solar panels. Even though the decision reversed an earlier ruling in June, a complete reversal was widely considered to be unexpected. This posed a cause for concern as CSIQ was recently awarded a 1.8 GW part-bifacial supply deal from EDF Renewables. While it is concerning, Cascend Securities analyst Eric Ross believes that now is not the time to panic. “Bifacials are a no-brainer for low-cost additional capacity. This is a speedbump but not a tragic issue that will stop the massive ramp we’re seeing in solar likely to drive forward over the next several years,” he explained. The analyst cites CSIQ as well-positioned within the markets in the U.S., Brazil, Mexico, Japan and China thanks to its shifting of capacity upstream to cells and modules, which are in undersupply, and away from products facing oversupply like ingots and wafers. With Ross betting on earnings jumping higher in the second half of 2019, it’s no wonder he maintained his Buy rating. He is also confident in CSIQ’s ability to surge 48% over the next twelve months according to the $25 price target. (To watch Ross’ track record, click here) Turning to the rest of the Street, 2 Buys and 1 Hold issued in the last three months add up to a ‘Moderate Buy’ consensus. The upside potential lands at 68% based on the $28 average price target, significantly higher than Ross’ forecast. (See Canadian Solar stock analysis on TipRanks)

  • 5 Trendy Earnings Charts
    Zacks

    5 Trendy Earnings Charts

    Are cannabis and solar stocks still the place to be for traders in 2019?

  • Solar Stocks to Watch for Q3 Earnings on Nov 12: CSIQ & RUN
    Zacks

    Solar Stocks to Watch for Q3 Earnings on Nov 12: CSIQ & RUN

    Solar Industry stocks continue to benefit from increasing domestic usage and improving global shipments.

  • PR Newswire

    Canadian Solar Won 190.5 MWp Solar Power Projects in Brazil

    GUELPH, Ontario, Nov. 11, 2019 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (CSIQ), one of the world's largest solar power companies, today announced it has been awarded two solar photovoltaic (PV) projects totaling 190.5 MWp in the 7th Brazilian Federal Auction held in October 2019. This was the first time that solar participated in an A-6 energy auction. Canadian Solar will develop and build the 152.4 MWp Gameleira project in the State of Ceará and the 38.1 MWp Luiz Gonzaga Project located in the State of Pernambuco.

  • What's in Store for Canadian Solar (CSIQ) in Q3 Earnings?
    Zacks

    What's in Store for Canadian Solar (CSIQ) in Q3 Earnings?

    Canadian Solar's (CSIQ) Q3 results are expected to reflect solid module shipments and proceeds from multiple project divestitures. However, rise in operating expenses might have weighed on earnings.

  • Duke Energy (DUK) Q3 Earnings Coming Up: What to Expect
    Zacks

    Duke Energy (DUK) Q3 Earnings Coming Up: What to Expect

    Duke Energy's (DUK) Q3 results are expected to benefit from favorable weather condition.