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Upturn AI Summary - About
Canadian Solar Inc(CSIQ)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CSIQ
11/05/2026: CSIQ (1-star) is currently NOT-A-BUY. Pass it for now.
Canadian Solar Inc. is a major vertically integrated player in the global renewable energy market, operating both as a high-volume manufacturer of solar modules and a developer of utility-scale solar and battery storage projects. The company’s primary strength lies in its diversified business model, which allows it to capture value across the entire solar value chain. Its main growth story involves the rapid scaling of its energy storage segment, SolBank, and an expanded project development pipeline. Investors should monitor risks related to intense commodity-like pricing competition, debt-fueled capital structures, and international trade policy exposure. It is a stock that may suit investors interested in renewable energy growth, though its lack of dividends and inherent industry cyclicality require careful monitoring.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers exposure to the secular growth of renewables but faces significant cyclical and execution risks. |
| Momentum investor | Strong fit while signal remains positive | The stock can exhibit high beta and strong performance during renewable energy sector bull runs. |
| Value investor | Strong fit | The stock frequently trades at low P/E multiples, often appearing undervalued relative to its book value and assets. |
| Dividend investor | Weak fit | The company does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | High volatility and sensitivity to commodity prices and geopolitical risk make this a poor fit for risk-averse investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock price is highly sensitive to solar module commodity pricing and cyclical industry downturns. |
| Valuation risk | Medium | While often trading at a low multiple, the earnings quality is variable, which can distort valuation assessments. |
| Competition risk (Module & Storage pricing) | High | Intense competition from low-cost Chinese manufacturers continuously pressures profit margins. |
| Business quality | Medium | The business relies on capital-intensive manufacturing and project development, which are susceptible to economic cycles. |
| Dividend income | Low / none | The company does not provide income to shareholders, limiting its utility for income strategies. |
| Execution risk | Medium / high | Successfully scaling the battery storage business and managing project pipelines globally requires flawless execution. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit -11.29% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/05/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 731.93M USD | Price to earnings Ratio - | 1Y Target Price 16.93 |
Price to earnings Ratio - | 1Y Target Price 16.93 | ||
Volume (30-day avg) 1.9M shares | Beta 1.49 | 52 Weeks Range 8.79 - 34.59 | Updated Date 11/04/2026 |
52 Weeks Range 8.79 - 34.59 | Updated Date 11/04/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -4.1 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| CSI Solar (Manufacturing) | Sale of solar modules, kits, and battery storage products. | This is the core product business, sensitive to raw material costs and global module demand. |
| Recurrent Energy (Project Development) | Development, construction, and sale of solar and battery storage projects. | This segment provides lumpy but potentially high-margin revenue from large infrastructure projects. |
| Geography | Global sales with significant exposure to North America, Europe, and Asia. | Global diversification helps mitigate local policy risk, though it exposes the company to varying regional regulatory environments. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 11.16 | Enterprise Value 7.20B | Price to Sales(TTM) 0.15 |
Enterprise Value 7.20B | Price to Sales(TTM) 0.15 | ||
Enterprise Value to Revenue 1.44 | Enterprise Value to EBITDA 298.98 | Shares Outstanding 67.90M | Shares Floating 43.73M |
Shares Outstanding 67.90M | Shares Floating 43.73M | ||
Percent Insiders 29.79 | Percent Institutions 64.8 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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