Canadian Solar Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $39.35
- Today's High:
- $41.4
- Open Price:
- $41.17
- 52W Low:
- $26.86
- 52W High:
- $47.69
- Prev. Close:
- $40.48
- Volume:
- 2249944
Company Statistics
- Market Cap.:
- $2.62 billion
- Book Value:
- 31.741
- Revenue TTM:
- $7.92 billion
- Operating Margin TTM:
- 6.87%
- Gross Profit TTM:
- $1.26 billion
- Profit Margin:
- 3.97%
- Return on Assets TTM:
- 3.74%
- Return on Equity TTM:
- 17.32%
Company Profile
Canadian Solar Inc had its IPO on 2006-11-09 under the ticker symbol CSIQ.
The company operates in the Technology sector and Solar industry. Canadian Solar Inc has a staff strength of 18,423 employees.
Stock update
Shares of Canadian Solar Inc opened at $41.17 at the start of the last trading session i.e. 2023-06-02.
The stocks traded within a range of $39.35 - $41.4, and closed at $39.55.
This is a -2.3% slip from the previous day's closing price.
A total volume of 2,249,944 shares were traded at the close of the day’s session.
In the last one week, shares of Canadian Solar Inc have slipped by -8.58%.
Canadian Solar Inc's Key Ratios
Canadian Solar Inc has a market cap of $2.62 billion, indicating a price to book ratio of 1.2674 and a price to sales ratio of 0.3185.
In the last 12-months Canadian Solar Inc’s revenue was $7.92 billion with a gross profit of $1.26 billion and an EBITDA of $776.93 million. The EBITDA ratio measures Canadian Solar Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Canadian Solar Inc’s operating margin was 6.87% while its return on assets stood at 3.74% with a return of equity of 17.32%.
In Q1, Canadian Solar Inc’s quarterly earnings growth was a positive 750% while revenue growth was a positive 36.1%.
Canadian Solar Inc’s PE and PEG Ratio
- Forward PE
- 5.6402
- Trailing PE
- 9.3057
- PEG
- 0.29
Its diluted EPS in the last 12-months stands at $4.35 per share while it has a forward price to earnings multiple of 5.6402 and a PEG multiple of 0.29. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Canadian Solar Inc’s profitability.
Canadian Solar Inc stock is trading at a EV to sales ratio of 0.7345 and a EV to EBITDA ratio of 13.6322. Its price to sales ratio in the trailing 12-months stood at 0.3185.
Canadian Solar Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $9.83 billion
- Total Liabilities
- $5.82 billion
- Operating Cash Flow
- $0
- Capital Expenditure
- $216.07 million
- Dividend Payout Ratio
- 0%
Canadian Solar Inc ended 2023 with $9.83 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $9.83 billion while shareholder equity stood at $2.05 billion.
Canadian Solar Inc ended 2023 with $0 in deferred long-term liabilities, $5.82 billion in other current liabilities, in common stock, $1.36 billion in retained earnings and $0 in goodwill. Its cash balance stood at $848.04 million and cash and short-term investments were $0. The company’s total short-term debt was $0 while long-term debt stood at $1.09 billion.
Canadian Solar Inc’s total current assets stands at $6.05 billion while long-term investments were $136.45 million and short-term investments were $0. Its net receivables were $991.17 million compared to accounts payable of $797.91 million and inventory worth $1.67 billion.
In 2023, Canadian Solar Inc's operating cash flow was $0 while its capital expenditure stood at $216.07 million.
Comparatively, Canadian Solar Inc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- $39.55
- 52-Week High
- $47.69
- 52-Week Low
- $26.86
- Analyst Target Price
- $47.62
Canadian Solar Inc stock is currently trading at $39.55 per share. It touched a 52-week high of $47.69 and a 52-week low of $47.69. Analysts tracking the stock have a 12-month average target price of $47.62.
Its 50-day moving average was $38.99 and 200-day moving average was $37.95 The short ratio stood at 4.51 indicating a short percent outstanding of 0%.
Around 2129.3% of the company’s stock are held by insiders while 6020.7% are held by institutions.
Frequently Asked Questions About Canadian Solar Inc
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About
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company operates through two segments, Canadian Solar Inc. (CSI) Solar and Global Energy. The CSI Solar segment offers standard solar modules and battery storage solutions, as well as solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories; and engineering, procurement, and construction (EPC) services. The Global Energy segment engages in the development, construction, maintenance, and sale of solar and battery storage projects; operation of solar power plants; and sale of electricity. This segment also 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. As of January 31, 2023, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 574 MWp. The company serves distributors, system integrators, project developers, and installers/EPC companies. It sells its products primarily under its Canadian Solar brand name; and on an OEM basis. Canadian Solar Inc. was incorporated in 2001 and is based in Guelph, Canada.