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Canadian Solar Inc (CSIQ)



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Upturn Advisory Summary
07/14/2025: CSIQ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $12.97
1 Year Target Price $12.97
4 | Strong Buy |
0 | Buy |
5 | Hold |
2 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -49.51% | Avg. Invested days 18 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 851.22M USD | Price to earnings Ratio - | 1Y Target Price 12.97 |
Price to earnings Ratio - | 1Y Target Price 12.97 | ||
Volume (30-day avg) 11 | Beta 1.38 | 52 Weeks Range 6.57 - 19.55 | Updated Date 07/13/2025 |
52 Weeks Range 6.57 - 19.55 | Updated Date 07/13/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.34 |
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 -0.17% | Operating Margin (TTM) -4.58% |
Management Effectiveness
Return on Assets (TTM) -0.07% | Return on Equity (TTM) -4.92% |
Valuation
Trailing PE - | Forward PE 4.08 | Enterprise Value 5759719246 | Price to Sales(TTM) 0.15 |
Enterprise Value 5759719246 | Price to Sales(TTM) 0.15 | ||
Enterprise Value to Revenue 0.98 | Enterprise Value to EBITDA 16.52 | Shares Outstanding 66972200 | Shares Floating 45823905 |
Shares Outstanding 66972200 | Shares Floating 45823905 | ||
Percent Insiders 31.56 | Percent Institutions 48.99 |
Upturn AI SWOT
Canadian Solar Inc

Company Overview
History and Background
Canadian Solar Inc. was founded in 2001 in Canada by Shawn Qu. It initially focused on solar module manufacturing and has since expanded into project development and energy storage solutions. The company has grown to become a global player in the solar industry.
Core Business Areas
- Module and System Solutions: Manufactures solar modules and related system solutions for residential, commercial, and utility-scale applications.
- Energy Storage: Develops and delivers energy storage solutions, including battery storage systems, for grid-scale and behind-the-meter applications.
- Project Development: Develops, builds, and operates solar power plants globally.
- CSI Solar: Manufacturing business including ingot, wafer, cell and module production, and provides solar system kits and total solutions.
Leadership and Structure
Shawn Qu serves as the Chairman, President, and CEO. The company operates with a global organizational structure, including regional sales and operational teams.
Top Products and Market Share
Key Offerings
- Solar Modules (HiKu and BiHiKu): High-efficiency solar modules with monocrystalline and bifacial technology. Canadian Solar has a significant market share in the module market, but precise figures fluctuate. Competitors include Jinko Solar, LONGi, and Trina Solar.
- Energy Storage Solutions (SolBank): Utility-scale energy storage solutions. Market share information is still developing as the energy storage market grows. Competitors include Fluence, Tesla, and Powin Energy.
- Turnkey Solar Power Plants: Development and construction of complete solar power plants for utilities and independent power producers. Revenue varies annually based on project pipeline and execution. Competitors include First Solar, Enphase Energy, and SunPower.
Market Dynamics
Industry Overview
The solar energy industry is experiencing rapid growth driven by increasing demand for renewable energy, decreasing costs of solar technology, and government incentives. The industry is highly competitive and subject to changes in policies and regulations.
Positioning
Canadian Solar is positioned as a leading global provider of solar modules and energy solutions, competing on technology, cost, and scale. It has a strong presence in key markets like North America, Europe, and Asia.
Total Addressable Market (TAM)
The global solar energy market is projected to reach hundreds of billions of dollars in the coming years. Canadian Solar is positioned to capture a significant portion of this TAM with its diverse product offerings and global presence.
Upturn SWOT Analysis
Strengths
- Global presence and brand recognition
- Vertically integrated supply chain
- Strong technology and R&D capabilities
- Diverse product portfolio
- Extensive project development experience
Weaknesses
- Exposure to trade barriers and tariffs
- Reliance on government subsidies and incentives
- Competition from low-cost manufacturers
- Fluctuations in raw material prices
- High debt load
Opportunities
- Growing demand for renewable energy
- Expansion of energy storage market
- Development of new solar technologies
- Entry into emerging markets
- Strategic partnerships and acquisitions
Threats
- Changes in government policies and regulations
- Increased competition
- Economic downturns
- Supply chain disruptions
- Technological obsolescence
Competitors and Market Share
Key Competitors
- Jinko Solar (JKS)
- LONGi Green Energy Technology (601012.SS - Shanghai Stock Exchange, not US listed)
- Trina Solar (688599.SS - Shanghai Stock Exchange, not US listed)
Competitive Landscape
Canadian Solar competes on cost, technology, and scale. It has a strong brand reputation and a global presence, but faces competition from low-cost manufacturers and established players.
Major Acquisitions
Recurrent Energy
- Year: 2015
- Acquisition Price (USD millions): 265
- Strategic Rationale: Acquired to expand its project development capabilities.
Growth Trajectory and Initiatives
Historical Growth: Canadian Solar has experienced significant revenue growth over the past decade, driven by increasing demand for solar energy. Growth rates have fluctuated based on market conditions and project execution.
Future Projections: Future growth is projected to be strong, driven by the expansion of the solar and energy storage markets. Analyst estimates vary depending on market conditions and company performance.
Recent Initiatives: Recent initiatives include expanding energy storage solutions, developing new solar technologies, and expanding into new geographic markets.
Summary
Canadian Solar demonstrates a robust position in the renewable energy sector, leveraging its global reach and integrated supply chain. While its financial performance is affected by industry volatility and regulatory shifts, the company's strategic initiatives in energy storage and technological innovation offer promising growth avenues. Investors should monitor its debt load and competitive pressures. Canadian Solar is a strong player but must stay nimble.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports
- Analyst reports
- Industry publications
- Market research reports
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market share and financial data are estimates and may vary. Consult with a financial advisor before making investment decisions.
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, President & 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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