CSIQ Stock - Canadian Solar Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $5.99B | $7.61B | $7.47B | $5.28B | $3.48B |
| Gross Profit | $999.32M | $1.28B | $1.26B | $909.31M | $689.91M |
| Gross Margin | 16.7% | 16.8% | 16.9% | 17.2% | 19.8% |
| Operating Income | $-30,081,000 | $453.32M | $356.06M | $190.38M | $20.62M |
| Net Income | $36.05M | $274.19M | $239.97M | $95.25M | $146.70M |
| Net Margin | 0.6% | 3.6% | 3.2% | 1.8% | 4.2% |
| EPS | $0.54 | $4.27 | $3.73 | $1.55 | $2.46 |
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, 2021, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 445 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. The company was incorporated in 2001 and is headquartered in Guelph, Canada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 2nd 2025 | Daiwa Securities | Upgrade | Outperform | $30 |
| November 19th 2025 | Mizuho | Downgrade | Underperform | $21 |
| November 3rd 2025 | Jefferies | Downgrade | Hold | $19.64 |
| October 21st 2025 | Citigroup | Downgrade | Sell | $11 |
| April 25th 2025 | Roth Capital | Downgrade | Neutral | $9 |
| April 17th 2025 | Citigroup | Upgrade | Neutral | $8 |
| December 17th 2024 | Goldman | Downgrade | Sell | $11← $14 |
| December 13th 2024 | Mizuho | Initiation | Outperform | $20 |
| November 22nd 2024 | Jefferies | Initiation | Buy | $14.15 |
| October 22nd 2024 | Citigroup | Downgrade | Sell | $11← $19 |
| August 23rd 2024 | Oppenheimer | Reiterated | Outperform | $27← $43 |
| March 11th 2024 | Daiwa Securities | Initiation | Neutral | $21 |
| December 18th 2023 | Goldman | Upgrade | Neutral | $25 |
| November 15th 2023 | JP Morgan | Downgrade | Underweight | $22← $32 |
| July 6th 2023 | UBS | Upgrade | Buy | - |
Earnings History & Surprises
CSIQEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 24, 2026 | $-1.10 | — | — | — |
Q4 2025 | Nov 13, 2025 | $-1.08 | $-0.58 | +46.3% | ✓ BEAT |
Q3 2025 | Aug 21, 2025 | $0.76 | $-0.53 | -169.7% | ✗ MISS |
Q2 2025 | May 15, 2025 | $-1.50 | $-1.07 | +28.7% | ✓ BEAT |
Q1 2025 | Mar 25, 2025 | $-0.21 | $-1.47 | -600.0% | ✗ MISS |
Q4 2024 | Dec 5, 2024 | $-0.17 | $-0.31 | -82.4% | ✗ MISS |
Q3 2024 | Aug 22, 2024 | $0.05 | $0.02 | -61.5% | ✗ MISS |
Q2 2024 | May 9, 2024 | $0.01 | $0.19 | +1416.4% | ✓ BEAT |
Q1 2024 | Mar 14, 2024 | $-0.13 | $-0.02 | +84.6% | ✓ BEAT |
Q4 2023 | Nov 14, 2023 | $0.82 | $0.32 | -61.0% | ✗ MISS |
Q3 2023 | Aug 22, 2023 | $1.52 | $2.39 | +57.2% | ✓ BEAT |
Q2 2023 | May 18, 2023 | $0.61 | $1.19 | +95.1% | ✓ BEAT |
Q1 2023 | Mar 21, 2023 | $0.76 | $1.11 | +46.1% | ✓ BEAT |
Q4 2022 | Nov 22, 2022 | $0.49 | $1.12 | +128.6% | ✓ BEAT |
Q3 2022 | Aug 18, 2022 | $0.53 | $1.07 | +101.9% | ✓ BEAT |
Q2 2022 | May 24, 2022 | $-0.13 | $0.14 | +207.7% | ✓ BEAT |
Q1 2022 | Mar 17, 2022 | $0.38 | $0.17 | -55.3% | ✗ MISS |
Q4 2021 | Nov 18, 2021 | $0.18 | $0.42 | +133.3% | ✓ BEAT |
Q3 2021 | Aug 12, 2021 | $-0.30 | $0.18 | +160.0% | ✓ BEAT |
Q2 2021 | May 20, 2021 | $0.41 | $0.36 | -12.2% | ✗ MISS |
Latest News
Canadian Solar Says e-STORAGE To deliver 408 MWh AC Battery Energy Storage System To Vena Energy For Tailem Bend 3 project In South Australia
📈 PositiveShares of semiconductor stocks are trading higher after the Fed cut rates by 25 basis points.
📈 PositiveCanadian Solar's unit Recurrent Energy Wins UK OK For 800MW Tillbridge Solar, 500MW Battery Project
📈 PositiveCanadian Solar shares are trading higher after CSI Solar said it will sell 75.1% of three overseas factories to its parent to support U.S. market participation and reduce operational risk.
📈 PositiveCSI Solar Announced Earlier It Would Sell 75.1% Of Three Overseas Factories Serving U.S. Market To Its Parent Company Canadian Solar Inc. To Ensure Long-term Participation In U.S. Market, Safeguard Operations, Reduce Risk, Protect Interests Of The Company, Minority Shareholders,
📈 PositiveCSIQ stock has given up its prior loss. Canadian Solar shares were trading lower after Mizuho downgraded the stock from Outperform to Underperform but raised its price target from $15 to $21.
➖ NeutralUBS Maintains Buy on Canadian Solar, Raises Price Target to $37
📈 PositiveCanadian Solar shares are trading lower after Mizuho downgraded the stock from Outperform to Underperform but raised its price target from $15 to $21.
📉 NegativeMizuho Downgrades Canadian Solar to Underperform, Raises Price Target to $21
📉 NegativeCanadian Solar shares are trading lower, pulling back after rising last week when the company reported better-than-expected Q3 sales results.
📉 NegativeRoth Capital Maintains Neutral on Canadian Solar, Raises Price Target to $30
➖ NeutralJP Morgan Maintains Underweight on Canadian Solar, Raises Price Target to $10
➖ NeutralCSIQ stock has given up its prior gain. Canadian Solar shares were trading higher after the company reported better-than-expected Q3 sales results.
➖ NeutralCanadian Solar shares are trading higher after the company reported better-than-expected Q3 sales results.
📈 PositiveCanadian Solar Sees Q4 Sales $1.300B-$1.500B vs $1.599B Est
📉 NegativeCanadian Solar Q3 Adj. EPS $(0.58) Misses $(0.53) Estimate, Sales $1.487B Beat $1.366B Estimate
➖ NeutralCanadian Solar's e-STORAGE Unit to Build Massive 411 MW Energy Storage Project in Ontario, Wins 21-Year Deal to Deliver and Maintain Skyview 2 Energy Storage Project
📈 PositiveCanadian Solar's e-STORAGE Unit Secures Battery Deal for 20.7 MW Energy Project in Germany, Signs 20-Year Service Agreement for New Battery Storage Project in Lower Saxony
📈 PositiveJefferies Downgrades Canadian Solar to Hold, Raises Price Target to $19.64
➖ NeutralCanadian Solar's E-Storage Starts Commercial Operation Of 220 MWh Mannum Battery In South Australia; Epic Energy Owned, Recurrent Energy Developed, SolBank Technology
📈 PositiveFrequently Asked Questions about CSIQ
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