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CSIQ logo CSIQ
Upturn stock rating
CSIQ logo

Canadian Solar Inc (CSIQ)

Upturn stock rating
$17.94
Last Close (24-hour delay)
Profit since last BUY34.89%
upturn advisory
Consider higher Upturn Star rating
BUY since 26 days
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  • SELL Advisory (Loss)
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • 1Y
  • 1M
  • 1W

Upturn Advisory Summary

10/30/2025: CSIQ (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

11 Analysts rated it

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

1 Year Target Price $12.67

1 Year Target Price $12.67

Analysts Price Target For last 52 week
$12.67 Target price
52w Low $6.57
Current$17.94
52w High $18.64

Analysis of Past Performance

Type Stock
Historic Profit -41.47%
Avg. Invested days 21
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.18B USD
Price to earnings Ratio -
1Y Target Price 12.67
Price to earnings Ratio -
1Y Target Price 12.67
Volume (30-day avg) 11
Beta 1.28
52 Weeks Range 6.57 - 18.64
Updated Date 10/29/2025
52 Weeks Range 6.57 - 18.64
Updated Date 10/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.44

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 2025-10-27
When Before Market
Estimate -0.3399
Actual -

Profitability

Profit Margin -0.12%
Operating Margin (TTM) 7.52%

Management Effectiveness

Return on Assets (TTM) 0.3%
Return on Equity (TTM) -4.32%

Valuation

Trailing PE -
Forward PE 11.16
Enterprise Value 6291951196
Price to Sales(TTM) 0.2
Enterprise Value 6291951196
Price to Sales(TTM) 0.2
Enterprise Value to Revenue 1.06
Enterprise Value to EBITDA 16.52
Shares Outstanding 66972246
Shares Floating 45733540
Shares Outstanding 66972246
Shares Floating 45733540
Percent Insiders 31.91
Percent Institutions 40.78

ai summary icon Upturn AI SWOT

Canadian Solar Inc

stock logo

Company Overview

overview logo History and Background

Founded in 2001 in Canada, Canadian Solar Inc. (CSIQ) has grown into a leading global solar energy company. Initially focused on solar module manufacturing, it expanded into project development and energy storage solutions. Its milestones include multiple rounds of fundraising in the early 2000s and expansion into international markets, achieving a fully vertically integrated business model.

business area logo Core Business Areas

  • Module and System Solutions: This segment involves the design, manufacturing, and sale of solar modules, wafers, and other solar system components. This is the core revenue driver for the company.
  • Energy: This segment focuses on the development, construction, and operation of solar power projects, as well as energy storage solutions.
  • Recurrent Energy: This segment focuses on the company's portfolio of solar projects under development, construction, or in operation.

leadership logo Leadership and Structure

Shawn Qu is the Chairman, President, and CEO. The company operates with a hierarchical structure, with various departments overseeing manufacturing, project development, and sales, reporting to executive leadership.

Top Products and Market Share

overview logo Key Offerings

  • HiKu Modules: High-efficiency solar modules designed for utility-scale, commercial, and residential applications. Market share of HiKu modules is part of the total module market share, which fluctuates but is generally around 7-10% globally. Competitors include Jinko Solar, JA Solar, and LONGi Green Energy Technology.
  • Ku Modules: High-efficiency multi-crystalline modules. The Ku module market is smaller as technology shifts to mono perc. Key competitors are the same as HiKu modules. Estimated percentage of Ku module is included within the overall HiKu Module percentage.
  • Turnkey Solar Solutions: Complete solar power solutions, including engineering, procurement, and construction (EPC) services. This market is very fragmented, with many regional players. Competitors include Array Technologies, SunPower, and First Solar.

Market Dynamics

industry overview logo Industry Overview

The solar energy industry is experiencing rapid growth, driven by increasing demand for renewable energy and declining costs of solar technology. Government incentives and environmental concerns further fuel this expansion.

Positioning

Canadian Solar is a major player in the solar module manufacturing market and a growing force in project development. Its competitive advantage lies in its vertically integrated business model, cost-effective manufacturing, and global presence.

Total Addressable Market (TAM)

The global solar energy market is expected to reach hundreds of billions of dollars in the next decade. Canadian Solar is well-positioned to capture a significant share of this market, focusing on both module sales and project development.

Upturn SWOT Analysis

Strengths

  • Vertically integrated business model
  • Cost-effective manufacturing
  • Global presence and brand recognition
  • Strong R&D capabilities
  • Large project pipeline

Weaknesses

  • Dependence on government subsidies and incentives
  • Exposure to fluctuations in raw material prices
  • High debt levels
  • Geopolitical risks in certain markets

Opportunities

  • Growing demand for renewable energy
  • Expansion into new markets (e.g., energy storage)
  • Technological advancements in solar technology
  • Strategic acquisitions and partnerships
  • Increased corporate sustainability initiatives

Threats

  • Increased competition from other solar manufacturers
  • Changes in government policies and regulations
  • Trade barriers and tariffs
  • Economic downturns
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • JKS
  • SEDG
  • ENPH

Competitive Landscape

Canadian Solar faces intense competition in both the module manufacturing and project development markets. Its key advantages include its vertically integrated business model and cost-effective manufacturing. However, it faces challenges from competitors with stronger brand recognition or more advanced technologies.

Major Acquisitions

eNow

  • Year: 2023
  • Acquisition Price (USD millions): 36
  • Strategic Rationale: Acquired eNow to expand into the electric vehicle and eMobility space

Growth Trajectory and Initiatives

Historical Growth: Canadian Solar has experienced significant revenue growth over the past decade, driven by increased demand for solar energy. However, profitability has been volatile due to fluctuations in module prices and project development costs.

Future Projections: Analyst estimates project continued revenue growth for Canadian Solar, driven by expansion in emerging markets and increasing demand for energy storage solutions. Profitability is expected to improve as the company benefits from economies of scale and technological advancements.

Recent Initiatives: Recent initiatives include expanding manufacturing capacity, developing new solar technologies, and securing project development agreements in key markets.

Summary

Canadian Solar is a significant player in the solar industry with strengths in manufacturing and project development. Its vertically integrated model and global presence are advantageous. Challenges include dependence on subsidies and competition. Strategic initiatives in energy storage and emerging markets could drive future growth.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Industry Reports (e.g., IEA, BloombergNEF)
  • Analyst Reports (e.g., Refinitiv, Bloomberg)
  • Company Website (Investor Relations)

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share estimates are approximate and may vary depending on the source and methodology.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization 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.