Canadian Solar Inc. logo

Canadian Solar Inc.

CSIQ

NASDAQEnergySolar

Previous close

$14.55

−$0.18 · -1.22%

Aug 21, 4:00 PM ET

Pre-market

$14.61

+$0.06 · +0.41%

Aug 24, 5:09 AM ET

CSIQ company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

52

Fair Value

Momentum

23

Weakening

Sentiment

56

Mixed

Risk resilience

30

High Risk

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Company profile

Company website

Canadian Solar Inc. and its affiliates operate globally, specializing in the design, development, production, and sale of solar energy components, including ingots, wafers, cells, and modules, alongside a range of solar power and battery storage solutions across Asia, the Americas, and Europe. The company's operations are structured into two main divisions: CSI Solar and Global Energy. The CSI Solar segment offers standard solar modules, comprehensive battery storage systems, and complete, ready-to-install solar kits that encompass inverters, racking systems, and other essential accessories. This division also provides engineering, procurement, and construction (EPC) services. Conversely, the Global Energy segment is involved in the entire lifecycle of solar and battery storage projects, from development and construction to ongoing maintenance and sale. It also manages the operation of solar power facilities and sells generated electricity. This segment further delivers extensive operation and maintenance (O&M) support, such as monitoring, inspections, equipment repair and replacement, site management, and administrative services for solar ventures, in addition to asset management. As of January 31, 2021, this division managed an operational fleet of solar power plants with an aggregate capacity of approximately 445 MWp. Canadian Solar serves a diverse clientele, including distributors, system integrators, project developers, and installation/EPC companies. Its products are primarily marketed under the Canadian Solar brand, with some sales also occurring on an OEM (Original Equipment Manufacturer) basis. Established in 2001, the company is headquartered in Guelph, Canada.

Industry
Solar
Sector
Energy
Headquarters
CA
CEO
Colin Parkin
Listed since
Nov 9, 2006
Employees
12,587

Market position

Day range

Current $14.55

52-week range

Current $14.55

Open
$15.00
Previous close
$14.73
Volume
1.84M
0.69× average
Average volume
2.67M
Average daily volume
Market cap
987.9M USD
Beta
1.54
Market reference 1
50-day average
$15.2364
-4.51% below average
200-day average
$18.644
-21.96% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.37B USD
P/E (TTM)
-9.64×
P/B (TTM)
0.35×
P/S (TTM)
0.18×
EV / EBITDA
12.44×
Earnings yield
-6.50%
Free cash flow yield
-102.68%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
21.12%
Operating margin
3.12%
Net margin
-1.87%
Return on equity
-3.71%
Return on assets
-0.69%
Return on invested capital
0.34%

Financial health

Debt / equity
2.76×
Current ratio
0.93×
Altman Z-score
0.6
Piotroski F-score
1 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends20%12%4%-4%Gross margin, FY2021: 17.23%Gross margin, FY2022: 16.91%Gross margin, FY2023: 16.81%Gross margin, FY2024: 16.67%Gross margin, FY2025: 18.34%Operating margin, FY2021: 3.61%Operating margin, FY2022: 4.77%Operating margin, FY2023: 5.95%Operating margin, FY2024: -0.50%Operating margin, FY2025: 0.77%Net margin, FY2021: 1.80%Net margin, FY2022: 3.21%Net margin, FY2023: 3.60%Net margin, FY2024: 0.60%Net margin, FY2025: -1.86%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 17.23%. Gross margin FY2022 16.91%. Gross margin FY2023 16.81%. Gross margin FY2024 16.67%. Gross margin FY2025 18.34%. Operating margin FY2021 3.61%. Operating margin FY2022 4.77%. Operating margin FY2023 5.95%. Operating margin FY2024 -0.50%. Operating margin FY2025 0.77%. Net margin FY2021 1.80%. Net margin FY2022 3.21%. Net margin FY2023 3.60%. Net margin FY2024 0.60%. Net margin FY2025 -1.86%.

Income trends

Revenue

5.6B USD-6.65%

Operating income

43.16M USD+73.24M USD

Net income

−104.13M USD−140.18M USD
Income trends across reported periods8.39B USD5.3B USD2.21B USD−875.9M USDRevenue, FY2021: 5.28B USDRevenue, FY2022: 7.47B USDRevenue, FY2023: 7.61B USDRevenue, FY2024: 5.99B USDRevenue, FY2025: 5.6B USDOperating income, FY2021: 190.38M USDOperating income, FY2022: 356.06M USDOperating income, FY2023: 453.32M USDOperating income, FY2024: −30.08M USDOperating income, FY2025: 43.16M USDNet income, FY2021: 95.25M USDNet income, FY2022: 239.97M USDNet income, FY2023: 274.19M USDNet income, FY2024: 36.05M USDNet income, FY2025: −104.13M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.28B USD. Revenue FY2022 7.47B USD. Revenue FY2023 7.61B USD. Revenue FY2024 5.99B USD. Revenue FY2025 5.6B USD. Operating income FY2021 190.38M USD. Operating income FY2022 356.06M USD. Operating income FY2023 453.32M USD. Operating income FY2024 −30.08M USD. Operating income FY2025 43.16M USD. Net income FY2021 95.25M USD. Net income FY2022 239.97M USD. Net income FY2023 274.19M USD. Net income FY2024 36.05M USD. Net income FY2025 −104.13M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue5.6B USD5.99B USD7.61B USD7.47B USD5.28B USD
Cost of goods sold4.57B USD4.99B USD6.33B USD6.21B USD4.37B USD
Gross profit1.03B USD999.32M USD1.28B USD1.26B USD909.31M USD
Research and development90.69M USD120.79M USD100.84M USD69.82M USD58.41M USD
Selling, general, and administrative964.4M USD1B USD810.16M USD901.06M USD707.59M USD
Operating expenses983.07M USD1.03B USD826.66M USD907.08M USD718.93M USD
Interest income46.05M USD88.47M USD51.62M USD40.62M USD11.05M USD
Interest expense178.17M USD137.47M USD114.1M USD74.27M USD58.15M USD
Depreciation and amortization555.05M USD501.44M USD307.04M USD244.42M USD282.77M USD
Operating income43.16M USD−30.08M USD453.32M USD356.06M USD190.38M USD
Net income−104.13M USD36.05M USD274.19M USD239.97M USD95.25M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
+53.04%
11 comparable reports
Latest EPS result
-0.71
Estimate -1.06 · Beat by 33.02%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.950.02-0.92-1.85Q4 '24MissQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 5, 2024: actual -0.31, estimate -0.17, surprise -82.35%, Miss. Q1 2025, reported Mar 25, 2025: actual -1.47, estimate -0.21, surprise -600.00%, Miss. Q2 2025, reported May 15, 2025: actual -1.07, estimate -1.5, surprise +28.67%, Beat. Q3 2025, reported Aug 21, 2025: actual -0.53, estimate 0.76, surprise -169.74%, Miss. Q4 2025, reported Nov 13, 2025: actual -0.58, estimate -1.08, surprise +46.30%, Beat. Q1 2026, reported Mar 19, 2026: actual -1.66, estimate -1.1, surprise -50.91%, Miss. Q2 2026, reported May 14, 2026: actual -0.71, estimate -1.06, surprise +33.02%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate -1.01, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.76B1.49B1.22B947.97MQ4 '24MissQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 5, 2024: actual 1.51B USD, estimate 1.66B USD, surprise -8.93%, Miss. Q1 2025, reported Mar 25, 2025: actual 1.52B USD, estimate 1.56B USD, surprise -2.67%, Miss. Q2 2025, reported May 15, 2025: actual 1.2B USD, estimate 1.1B USD, surprise +9.14%, Beat. Q3 2025, reported Aug 21, 2025: actual 1.69B USD, estimate 1.55B USD, surprise +8.99%, Beat. Q4 2025, reported Nov 13, 2025: actual 1.49B USD, estimate 1.36B USD, surprise +9.09%, Beat. Q1 2026, reported Mar 19, 2026: actual 1.22B USD, estimate 1.35B USD, surprise -10.16%, Miss. Q2 2026, reported May 14, 2026: actual 1.08B USD, estimate 1.02B USD, surprise +6.12%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 1.17B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$18.00

23.71% upside
Past 12 months12-month forecastHigh $18.00Average $18.00Low $18.00

Rating distribution

33 ratings
Strong buy00%
Buy1545%
Hold1339%
Sell515%
Strong sell00%

Recent analyst actions

12 institutions

CSIQ news

CSIQ peers

ETFs holding CSIQ

Funds reporting this stock among their holdings, ordered by reported position size.

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