Canadian SolarNASDAQ: CSIQ

Canadian Solar is a risky but potentially rewarding short-term investment, with a projected 20% price increase in 2025 despite competition and geopolitical risks. The company is vertically integrated and diversified, with significant exposure to China, which could face tariff issues under a Trump presidency. Valuation metrics suggest Canadian Solar is undervalued, but its lower EBITDA growth and negative free cash flow margin make it less attractive than its peers.

Deep value, a mini-turnaround, and attractive prices.

CSIQ's subsidiary, CSI Solar, through its e-STORAGE division, secures a contract to supply a 98 MW/312 MWh DC BESS to the Huatacondo project in Chile.

Canadian Solar (NASDAQ: CSIQ) subsidiary, e-STORAGE, has secured an EPC contract to supply a 98 MW/312 MWh Battery Energy Storage System (BESS) project in Chile, with construction set to begin in 2025. e-STORAGE will integrate its SolBank 3.0 solution, managing all civil, mechanical, and electrical infrastructure.

GUELPH, ON , Oct. 1, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that  e-STORAGE , which is part of the Company's majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar) has secured a turnkey EPC contract to supply a 98 MW/312 MWh DC Battery Energy Storage System (BESS) to the Huatacondo project in Chile.

Canadian Solar stock is rated as a hold due to oversupply in China and export policy hurdles despite its solid fundamentals and expansion plans. The company manufactures solar panels and energy storage solutions, with significant production in China and growing market share globally. Subsidies and proximity to raw materials in China reduce production costs, but regulatory challenges and labor concerns impact its market.

There are some cheap stocks in the market, and here are two in particular that could be worth a closer look.

Canadian Solar is highly cyclical, facing fierce competition and commoditization, leading to volatile stock performance despite industry growth. Recent performance has been poor with lowered guidance and a challenging macro environment. The solar panel market struggles with high interest rates, impacting demand; recovery is expected but not immediate, presenting a high-risk, high-reward scenario.

TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") is pleased to announce its unaudited financial results for the Quarter ended June 30, 2024. Financial Highlights Highlights of the second quarter 2024 results, which are expressed in Canadian Dollars, are summarized below: All figures denominated in Canadian Dollars (CDN$) Quarter EndedJune 30   2024 2023 Revenue $ 0   $ 0   Cost and expenses of operations $ (30,318 ) $ (72,881 ) Loss before the undernoted $ (30,318 ) $ (72,881 ) Depreciation $ (107,281 ) $ (128,989 ) General administrative expenses $ (1,507,639 ) $ (1,187,896 ) Foreign exchange gain (loss) $ (31,399 ) $ 34,250   Unrealized gain on derivative fair value adjustment $ 85,018   $ 0   Net (Loss) for the quarter $ (1,591,619 ) $ (1,355,516 ) Working Capital Deficit $ (12,593,186 ) $ (12,059,946 ) Cash loss from operating activities before changes in non-cash working capital $ (961,910 ) $ (793,674 ) Cash at June 30, 2024 $ 395,514   $ 586,464     Sales revenue for the quarter ended June 30, 2024 amounted to $ Nil compared to revenue of $ Nil for the quarter ended June 30, 2023.