Key Details
Price
$12.18Annual Revenue
$7.61 BAnnual EPS
$3.87Annual ROE
9.12%Beta
1.23Events Calendar
Next earnings date:
Mar 14, 2025Recent quarterly earnings:
Dec 05, 2024Recent annual earnings:
Mar 14, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
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Institutional Ownership
Global solar installations are estimated to fall 0.4% from the year-earlier level to 492 gigawatts in 2025. Yet, you can keep FSLR, ENPH, NXT and CSIQ on the watchlist.
Canadian Solar faces near-term challenges from political risks, tariffs, and Chinese oversupply, impacting margins and cash flows until at least 2026. Despite short-term issues, long-term growth is driven by global electrification and AI-driven energy consumption, making the stock undervalued compared to its parts. Estimated fair value for CSIQ is $87.26, with significant potential from CSI Solar and Recurrent Energy's shift to a utility-like model.
CSIQ plans to deliver 315 MWh DC of battery storage solutions in Texas and sell up to 2 GWp of high-efficiency solar modules for various Sunraycer projects.
Canadian Solar Inc. CSIQ shares are trading lower after the company reported third-quarter 2024 results below street expectations.
Canadian Solar Inc. (NASDAQ:CSIQ ) Q3 2024 Earnings Conference Call December 5, 2024 8:00 AM ET Company Participants Shawn Qu - Chairman, President, Chief Executive Officer Yan Zhuang - President, CSI Solar Ismael Guerrero - President, Recurrent Energy Xinbo Zhu - Senior Vice President, Chief Financial Officer Thomas Koerner - Senior Vice President, Sales and Marketing Wina Huang - Head of Investor Relations Conference Call Participants Andre Adams - Oppenheimer Praneeth Satish - Wells Fargo Philip Shen - Roth Capital Vikram Bagri - Citi Operator Ladies and gentlemen, thank you for standing by. Welcome to Canadian Solar's third quarter 2024 earnings conference call.
Canadian Solar (CSIQ) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to earnings of $0.32 per share a year ago.
KITCHENER, ON , Dec. 5, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the third quarter ended September 30, 2024. Highlights 16.4% gross margin, above guidance of 14% to 16%.
Investors looking for stocks in the Solar sector might want to consider either Canadian Solar (CSIQ) or Enphase Energy (ENPH). But which of these two stocks is more attractive to value investors?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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.
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