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CSIQ 
Canadian Solar Inc (CSIQ)
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Upturn Advisory Summary
01/02/2026: CSIQ (3-star) is a REGULAR-BUY. BUY since 69 days. Simulated Profits (91.05%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of 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
| 4 | Strong Buy |
| 0 | Buy |
| 5 | Hold |
| 2 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -17.1% | Avg. Invested days 27 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/02/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.70B 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 1.29 | 52 Weeks Range 6.57 - 34.59 | Updated Date 01/3/2026 |
52 Weeks Range 6.57 - 34.59 | Updated Date 01/3/2026 | ||
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 18.59 | Enterprise Value 7337464770 | Price to Sales(TTM) 0.29 |
Enterprise Value 7337464770 | Price to Sales(TTM) 0.29 | ||
Enterprise Value to Revenue 1.24 | Enterprise Value to EBITDA 16.52 | Shares Outstanding 66972246 | Shares Floating 47236951 |
Shares Outstanding 66972246 | Shares Floating 47236951 | ||
Percent Insiders 30.14 | Percent Institutions 40.02 |
Upturn AI SWOT
Canadian Solar Inc
Company Overview
History and Background
Canadian Solar Inc. was founded in 2001 by Dr. Shawn Qu. It has grown to become a leading global solar project developer and manufacturer of solar power products. Key milestones include its IPO on NASDAQ in 2006, significant expansion of its manufacturing capabilities, and a strategic shift towards project development and energy solutions in addition to module manufacturing. The company has played a crucial role in the global adoption of solar energy.
Core Business Areas
- Module Manufacturing: Canadian Solar designs, manufactures, and sells a wide range of solar power products, including high-efficiency solar modules and battery storage solutions. This is a foundational part of their business, supplying modules globally for various solar projects.
- Project Development and Sale: The company develops, finances, constructs, and sells solar power projects globally. This segment involves identifying suitable locations, obtaining permits, securing financing, and eventually selling operational projects to utilities, independent power producers, or other investors.
- Energy Solutions: This segment focuses on offering comprehensive energy solutions, including distributed generation (DG) projects, which are typically smaller-scale solar installations for commercial and industrial customers, and energy storage systems.
Leadership and Structure
Canadian Solar Inc. is led by its founder and CEO, Dr. Shawn Qu. The company operates with a global structure, with significant operations in Asia, North America, and Europe. Its organizational structure is designed to manage its diverse business segments, including manufacturing, R&D, sales, project development, and finance.
Top Products and Market Share
Key Offerings
- High-Efficiency Solar Modules: Canadian Solar offers a variety of solar panel technologies, including PERC, TOPBiHi, and HJT cells, designed for residential, commercial, and utility-scale applications. Market share for specific module types is dynamic and difficult to isolate, but the global solar module market is highly competitive. Key competitors include JinkoSolar, Trina Solar, LONGi Solar, and JA Solar. Revenue from module sales is a significant portion of their overall revenue, though project development revenue has been growing.
- Battery Storage Systems: The company provides integrated battery storage solutions, often paired with their solar projects, to enhance grid stability and provide reliable power. This is a growing market segment with increasing demand. Competitors include Tesla, LG Energy Solution, and BYD.
- Distributed Generation (DG) Solutions: Canadian Solar offers integrated solar and storage solutions for commercial and industrial customers looking to reduce electricity costs and improve energy independence. This segment competes with other solar installers and energy solution providers globally.
Market Dynamics
Industry Overview
The global solar energy industry is experiencing robust growth driven by increasing environmental concerns, supportive government policies, declining technology costs, and rising energy demand. The industry is characterized by strong competition, rapid technological advancements, and a growing focus on energy storage and grid integration.
Positioning
Canadian Solar is positioned as a Tier 1 solar module manufacturer and a leading global solar project developer. Its competitive advantages include its vertically integrated business model, strong global manufacturing presence, extensive project development pipeline, and a reputation for quality and reliability. Its diversified revenue streams from module sales and project development provide some resilience against market fluctuations.
Total Addressable Market (TAM)
The global solar PV market is projected to reach hundreds of billions of dollars annually in the coming years, with the energy storage market also growing exponentially. Canadian Solar is well-positioned to capture a significant share of this TAM through its broad product portfolio and global reach in both manufacturing and project development.
Upturn SWOT Analysis
Strengths
- Strong global brand recognition and reputation.
- Vertically integrated business model (manufacturing and project development).
- Diversified revenue streams from module sales and project development.
- Extensive global sales and distribution network.
- Significant track record in project development and execution.
Weaknesses
- Exposure to volatile raw material prices (e.g., polysilicon).
- Intense competition in the solar module manufacturing market.
- Dependence on government incentives and policies for project development.
- Potential for currency fluctuations impacting international revenue.
Opportunities
- Growing global demand for solar energy and renewable solutions.
- Increasing adoption of energy storage systems.
- Expansion into emerging markets with high solar potential.
- Development of innovative solar technologies and integrated solutions.
- Government initiatives promoting decarbonization and clean energy.
Threats
- Trade disputes and tariffs impacting module pricing and supply chains.
- Changes in government regulations and subsidies.
- Intensified competition leading to price erosion.
- Supply chain disruptions and geopolitical risks.
- Technological obsolescence if R&D investment is insufficient.
Competitors and Market Share
Key Competitors
- JinkoSolar Holding Co., Ltd. (JKS)
- Trina Solar Co., Ltd.
- LONGi Green Energy Technology Co., Ltd.
- JA Solar Holdings Co., Ltd.
Competitive Landscape
Canadian Solar competes in a highly fragmented and competitive global market. Its advantages lie in its integrated model and established presence, while it faces challenges from larger competitors with greater economies of scale and potentially lower cost structures in pure manufacturing. Its project development expertise is a key differentiator.
Growth Trajectory and Initiatives
Historical Growth: Canadian Solar has shown a historical growth trajectory characterized by expanding manufacturing capacity, a growing project pipeline, and diversification into new markets and technologies. Revenue has generally increased over the years, reflecting the overall growth of the solar industry.
Future Projections: Analyst projections for Canadian Solar typically forecast continued revenue growth, driven by the expansion of the renewable energy sector, increased demand for solar and storage solutions, and the company's ongoing project development activities. Growth is expected to be supported by both its module business and its expanding project portfolio.
Recent Initiatives: Recent initiatives include strategic investments in advanced manufacturing technologies, expansion of its distributed generation business, development of new large-scale solar projects in key markets, and strengthening of its energy storage offerings to provide comprehensive clean energy solutions.
Summary
Canadian Solar Inc. is a significant player in the global solar industry, leveraging its integrated model of module manufacturing and project development. Its strengths lie in its global reach and diverse offerings, while it must navigate intense competition and price volatility. Continued investment in innovation and strategic project development will be crucial for sustained growth and market leadership.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Filings (SEC)
- Industry Market Research Reports
- Financial News Outlets
Disclaimers:
This analysis is based on publicly available information and general industry knowledge. Financial data and market share figures are subject to change and may vary depending on the specific reporting period and source. This is not financial advice, and investors should conduct their own due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 & CEO Dr. Xiaohua Qu Ph.D. | ||
Sector Technology | Industry Solar | Full time employees 17113 | Website https://www.canadiansolar.com |
Full time employees 17113 | Website https://www.canadiansolar.com | ||
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.
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