CSIQ official logo CSIQ
CSIQ 2-star rating from Upturn Advisory
Canadian Solar Inc (CSIQ) company logo

Canadian Solar Inc (CSIQ)

Canadian Solar Inc (CSIQ) 2-star rating from Upturn Advisory
$24.73
Last Close (24-hour delay)
Profit since last BUY85.94%
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BUY since 50 days
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Upturn Advisory Summary

12/04/2025: CSIQ (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

Upturn 2 star rating for performance

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

3 star rating from financial analysts

11 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $23.33

1 Year Target Price $23.33

Analysts Price Target For last 52 week
$23.33 Target price
52w Low $6.57
Current$24.73
52w High $34.59

Analysis of Past Performance

Type Stock
Historic Profit -19.32%
Avg. Invested days 24
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/04/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.57B USD
Price to earnings Ratio -
1Y Target Price 23.33
Price to earnings Ratio -
1Y Target Price 23.33
Volume (30-day avg) 11
Beta 1.32
52 Weeks Range 6.57 - 34.59
Updated Date 12/3/2025
52 Weeks Range 6.57 - 34.59
Updated Date 12/3/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.19

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 0.27%
Operating Margin (TTM) 2.33%

Management Effectiveness

Return on Assets (TTM) 0.43%
Return on Equity (TTM) -4.39%

Valuation

Trailing PE -
Forward PE 18.9
Enterprise Value 7480785377
Price to Sales(TTM) 0.27
Enterprise Value 7480785377
Price to Sales(TTM) 0.27
Enterprise Value to Revenue 1.25
Enterprise Value to EBITDA 16.52
Shares Outstanding 66972246
Shares Floating 47236951
Shares Outstanding 66972246
Shares Floating 47236951
Percent Insiders 30.14
Percent Institutions 40.8

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Canadian Solar Inc

Canadian Solar Inc(CSIQ) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Canadian Solar Inc. was founded in 2001 in Canada by Shawn Qu. It is one of the world's largest solar technology and energy companies, specializing in solar modules, system solutions, and energy storage.

Company business area logo Core Business Areas

  • Module and System Solutions: Manufactures solar PV modules, provides turnkey solar solutions for residential, commercial, and utility-scale applications. Includes engineering, procurement, and construction (EPC) services.
  • Energy Storage Solutions: Develops and deploys battery energy storage solutions for utility-scale and C&I applications.
  • Project Development: Develops, builds, and sells solar power projects.

leadership logo Leadership and Structure

Shawn Qu serves as Chairman, President, and CEO. The company has a board of directors and operates with a functional organizational structure.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Solar PV Modules (HiKu, BiHiKu, TopHiKu): High-efficiency solar modules for residential, commercial, and utility-scale projects. Competitors include Jinko Solar, Longi, Trina Solar. Canadian Solar has a significant global market share in module sales, around 8-10% depending on the year. Revenue contribution from modules is a significant portion of their overall revenue.
  • Energy Storage Solutions (SolBank): Utility-scale battery energy storage systems. Competitors include Fluence, Tesla, LG Chem. Market share information is rapidly evolving in this segment. This product is newer but contributing growing revenue.
  • System Kits: Complete solar panel kits for residential homes. Competitors include SunPower, Tesla, Generac. Revenue contribution from Kits is a significant portion of their overall revenue.

Market Dynamics

industry overview logo Industry Overview

The solar industry is experiencing rapid growth driven by declining costs, government incentives, and increasing environmental awareness. Demand is increasing globally.

Positioning

Canadian Solar is a major player with a global presence and a vertically integrated business model. Its competitive advantages include manufacturing scale, technological innovation, and a diversified product portfolio.

Total Addressable Market (TAM)

The global solar energy market is projected to reach hundreds of billions of dollars. Canadian Solar is well-positioned to capture a significant share of this expanding market.

Upturn SWOT Analysis

Strengths

  • Global Brand Recognition
  • Vertically Integrated Operations
  • Strong Manufacturing Capacity
  • Diversified Product Portfolio
  • Technological Innovation

Weaknesses

  • Exposure to Trade Barriers
  • Dependence on Government Subsidies
  • Concentration of Manufacturing in China
  • Debt Levels
  • Competition from Lower-Cost Producers

Opportunities

  • Growing Demand for Solar Energy
  • Expansion into Energy Storage
  • Development of New Markets
  • Advancements in Solar Technology
  • Government Incentives and Policies

Threats

  • Fluctuations in Raw Material Prices
  • Trade Wars and Tariffs
  • Increased Competition
  • Changes in Government Policies
  • Technological Disruption

Competitors and Market Share

Key competitor logo Key Competitors

  • JKS
  • SEDG
  • ENPH
  • RUN
  • NOVT

Competitive Landscape

Canadian Solar faces competition from other solar module manufacturers, energy storage providers, and project developers. Its advantages include its global presence, manufacturing scale, and vertically integrated business model. However, it also faces challenges from lower-cost producers and trade barriers.

Major Acquisitions

Recurrent Energy

  • Year: 2015
  • Acquisition Price (USD millions): 265
  • Strategic Rationale: Acquisition to expand project development capabilities in North America.

Growth Trajectory and Initiatives

Historical Growth: Canadian Solar has experienced significant growth in revenue and production capacity over the past decade.

Future Projections: Analysts project continued growth for Canadian Solar, driven by increasing demand for solar energy and expansion into new markets.

Recent Initiatives: Recent initiatives include expanding manufacturing capacity, developing new energy storage solutions, and pursuing project development opportunities.

Summary

Canadian Solar Inc. is a global player in the solar industry with strengths in manufacturing and project development. The company's vertically integrated structure gives it an edge, but it faces competition and is subject to trade risks. Increasing demand for solar and growing energy storage segments provide positive growth opportunities for the company. Financial performance is dependent on the fluctuations of the market.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company Website
  • SEC Filings
  • Industry Reports
  • Analyst Reports

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market conditions are subject to change. Accuracy is not guaranteed.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Canadian Solar Inc

Exchange NASDAQ
Headquaters Kitchener, ON, Canada
IPO Launch date 2006-11-09
Chairman, President & CEO Dr. Xiaohua Qu Ph.D.
Sector Technology
Industry Solar
Full time employees 17113
Full time employees 17113

Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the Americas, Europe, and internationally. It operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. It also offers standard solar modules and battery storage solutions, solar system kits, such as splar modules, inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction (EPC) services, as well as operates battery energy storage projects. The Recurrent Energy segment engages in the development, construction, maintenance, and sale of solar power and battery energy storage projects; operates solar power plants; and sells electricity and related services. This segment provides operation and maintenance (O&M) services, including monitoring, inspections, repair, and replacement of plant equipment, and site management and administrative support services for solar projects, as well as asset management services. It has a fleet of solar and battery energy storage plants in operation with an aggregate capacity of approximately 3929 MWh. It serves distributors, system integrators, project developers, and installers/EPC companies. Additionally, it caters to utility companies, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial, or government end users primarily under its Canadian Solar brand name. Canadian Solar Inc. was incorporated in 2001 and is based in Kitchener, Canada.