Canadian Solar Inc

Canadian Solar Inc

CSIQ · NASDAQ · Technology / Solar

9.88USD-0.16 (-1.59%)

Price History

Full chart

Market Stats

Previous Close10.04
Open10.00
Day Range9.55 – 10.04
52-Week Range10.70 – 34.59
Volume1.48M
Market Cap733.28M
P/E (TTM)0.00
Forward P/E21.51
EPS-3.84
Dividend Yield0.00%
Beta1.51
50-Day Avg13.98
200-Day Avg17.06

About

Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the United States, Europe, and internationally. It operates through two segments, Manufacturing and Recurrent Energy. The Manufacturing Segment focuses on manufacturing and selling solar, battery energy storage and other power technology products, and CSI Solar. It also offers standard solar modules, battery storage solutions, solar system kits, such as inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction services, as well as operates battery energy storage projects. The Recurrent Energy Segment develops, builds, sells, and operates solar power and battery energy storage projects; operates solar power plants; and sells electricity and other services. This segment also provides power operation and maintenance services, including monitor, inspects, repair, and replace of plant equipment, and site management and administrative support services for solar projects, as well as asset management services. The company offers power plant level, commercial, household products, inverter, photovoltaic modules; and sells electricity and smart energy. It serves distributors, system integrators, project developers, installers, and EPC companies, as well as caters to utility companies, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial, or government end users primarily under its Canadian Solar brand name. The company sells its products under CSI, CS PowerTech, CSI Solar, Recurrent Energy, e-STORAGE, SolBank, KuBank, and EP Cube brand names. Canadian Solar Inc. was incorporated in 2001 and is based in Kitchener, Canada.

Company Details

  • SectorTechnology
  • IndustrySolar
  • CEOMr. Colin Parkin
  • Employees12.59K
  • Headquarters4273 King Street East, Kitchener, ON, Canada, N2P 2E9, USA
  • Websitehttps://www.canadiansolar.com

Leadership

  • Dr. Xiaohua Qu Ph.D.Founder, Executive Chairman & CTO · b. 1964
  • Mr. Colin ParkinCEO & Director · b. 1971
  • Mr. Xinbo ZhuSenior VP & CFO · b. 1973
  • Ms. Pauline W. WongCorporate Secretary & General Counsel · b. 1975
  • Ms. Yu ChenVP, Lead General Counsel & Chief Compliance Officer · b. 1972
  • Mr. Dylan MarxCEO of Recurrent Energy · b. 1974
  • Ms. Hanbing ZhangCo-Founder, VP of Global Marketing & Chief Sustainability Officer
  • Ms. Wina HuangHead of Investor Relations
  • Mr. Ed Job CFA, M.Sc.Managing Director of Investor Relations
  • Mr. Kah Locke ThamCorporate Controller

Financials

Income Statement

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue4.04M4.11M9.68M18.32M68.21M302.80M705.01M630.96M1.50B1.90B1.29B1.65B2.96B3.47B2.85B3.39B3.74B3.20B3.48B5.28B7.47B7.61B5.99B5.60B
Growth (%)-+1.76%+135.46%+89.20%+272.26%+343.91%+132.83%-10.50%+137.02%+26.98%-31.81%+27.77%+78.96%+17.12%-17.72%+18.83%+10.44%-14.53%+8.62%+51.80%+41.53%+1.94%-21.28%-6.65%
Cost of Revenue2.63M2.37M6.47M11.21M55.87M279.02M634.00M552.86M1.27B1.72B1.20B1.38B2.38B2.89B2.44B2.75B2.97B2.48B2.79B4.37B6.21B6.33B4.99B4.57B
Gross Profit1.41M1.74M3.22M7.11M12.34M23.78M71.01M78.11M228.77M182.28M90.36M275.69M580.99M576.77M417.19M637.60M775.08M718.50M689.91M909.31M1.26B1.28B999.32M1.03B
Gross Margin34.98%42.32%33.24%38.82%18.09%7.85%10.07%12.38%15.30%9.60%6.98%16.66%19.62%16.63%14.62%18.81%20.70%22.45%19.85%17.23%16.91%16.81%16.67%18.34%
Operating Expense493.00K1.10M1.38M1.88M11.23M25.73M46.94M71.59M108.47M175.45M232.88M144.88M214.68M329.40M324.02M368.25M410.43M459.62M469.48M718.93M907.08M826.66M1.03B983.07M
Operating Income921.00K643.27K1.84M5.23M1.11M-1.96M24.07M6.51M120.30M6.84M-142.52M130.82M366.31M247.37M93.16M269.35M364.66M258.88M220.43M190.38M356.06M453.32M-30.08M43.16M
Operating Margin22.79%15.64%19.00%28.55%1.63%-0.65%3.41%1.03%8.04%0.36%-11.01%7.91%12.37%7.13%3.27%7.94%9.74%8.09%6.34%3.61%4.77%5.95%-0.50%0.77%
EBITDA921.00K681.02K1.88M5.45M2.02M3.67M21.08M27.02M121.01M25.60M-63.92M183.33M452.36M371.84M253.23M351.77M533.78M439.62M423.51M479.39M675.15M829.66M556.61M592.48M
EBITDA Margin22.79%16.56%19.44%29.73%2.97%1.21%2.99%4.28%8.09%1.35%-4.94%11.08%15.28%10.72%8.88%10.38%14.25%13.74%12.18%9.08%9.04%10.90%9.29%10.59%
Net Income625.00K761.25K1.46M3.80M-9.43M-209.68K-9.39M22.65M50.57M-90.81M-195.47M31.66M239.50M171.86M65.25M99.57M237.07M171.59M146.70M95.25M239.97M274.19M36.05M-104.13M
Net Income Margin15.46%18.51%15.04%20.76%-13.82%-0.07%-1.33%3.59%3.38%-4.78%-15.10%1.91%8.09%4.96%2.29%2.94%6.33%5.36%4.22%1.80%3.21%3.60%0.60%-1.86%
R&D-19.78K40.62K16.38K397.86K997.83K1.82M3.18M6.84M19.84M13.00M11.69M12.06M17.06M17.41M28.78M44.19M47.05M45.17M58.41M69.82M100.84M120.79M90.69M
R&D as % of Total Revenue-0.48%0.42%0.09%0.58%0.33%0.26%0.50%0.46%1.04%1.00%0.71%0.41%0.49%0.61%0.85%1.18%1.47%1.30%1.11%0.93%1.32%2.02%1.62%
Interest Expense000239.22K2.19M2.37M11.27M022.16M43.84M53.30M46.24M48.91M54.15M69.72M117.97M106.03M81.33M71.87M58.15M74.27M114.10M137.47M178.17M
Interest Expense % of Total Revenue0.00%0.00%0.00%1.31%3.22%0.78%1.60%0.00%1.48%2.31%4.12%2.80%1.65%1.56%2.44%3.48%2.83%2.54%2.07%1.10%0.99%1.50%2.29%3.18%

Balance Sheet

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.48M3.05M6.14M27.43M129.63M284.50M570.73M1.04B1.42B1.88B2.26B2.45B3.07B4.42B5.41B5.89B4.89B5.47B6.54B7.39B9.04B11.90B13.51B15.17B
Total Liabilities1.70M1.54M3.18M20.46M16.73M158.24M238.57M572.70M888.38M1.41B1.96B2.05B2.34B3.58B4.51B4.83B3.62B4.04B4.64B5.26B6.73B8.19B9.36B10.90B
Total Equity779.00K1.51M2.96M6.97M112.90M126.27M332.16M466.00M534.33M465.93M290.90M390.53M716.61M818.97M884.68M1.03B1.23B1.39B1.57B1.80B1.94B2.56B2.82B2.81B
Cash596.00K1.88M2.06M6.28M40.91M37.67M115.66M160.11M288.65M344.00M141.97M228.25M549.54M553.08M511.04M561.68M444.30M1.20B1.64B869.83M981.43M1.94B2.25B1.91B
Total Debt---9.47M3.31M133.24M157.02M281.86M620.85M831.94M1.07B929.90M1.01B1.91B2.43B2.49B2.18B2.50B2.89B3.26B4.04B4.48B5.91B7.68B
Net Debt-596.00K-1.88M-2.06M3.19M-37.60M95.57M41.36M121.75M332.20M487.94M931.52M701.65M460.27M1.36B1.92B1.93B1.74B1.30B1.25B2.39B3.06B2.54B3.66B5.77B

Cash Flow

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.75M439.55K-4.67M-46.28M-80.22M3.19M50.92M-58.49M60.12M-147.76M229.55M265.11M413.66M-278.07M203.92M216.28M600.11M-120.54M-408.25M916.63M684.62M-885.32M-252.74M
Investing Cash Flow-441.50K-252.25K-646.00K-7.77M-42.48M-125.76M--133.99M-193.58M-306.49M-37.51M-116.05M-999.10M-1.04B-341.21M29.07M-294.10M-319.66M-429.57M-630.49M-1.67B-1.96B-1.50B
Financing Cash Flow--9.33M88.31M124.83M201.36M228.32M312.63M177.75M249.58M-104.90M191.95M619.48M1.30B165.28M-463.61M-34.61M823.50M614.07M428.64M2.05B2.32B1.35B
Capital Expenditure83.91K253.57K560.79K7.11M42.01M104.82M72.21M134.31M205.42M60.48M23.13M65.14M642.77M1.11B310.68M316.28M291.18M334.94M429.50M628.00M1.53B1.87B1.39B
Free Cash Flow1.67M185.98K-5.23M-53.39M-122.23M-101.62M-21.30M-192.80M-145.30M-208.24M206.42M199.96M-229.11M-1.39B-106.75M-100.00M308.93M-455.48M-837.75M288.63M-840.85M-2.76B-1.64B
Dividends Paid-----------305.00K305.00K9.58M9.58M3.01M1.12M37.38M0----
FCF to OCF95.21%42.31%112.01%115.37%152.36%-3183.02%-41.83%329.65%-241.66%140.93%89.92%75.43%-55.39%499.71%-52.35%-46.24%51.48%377.86%205.20%31.49%-122.82%311.27%650.54%
Dividend Paid to FCF-----------0.15%-0.13%-0.69%-8.98%-3.01%0.36%-8.21%0.00%----

Earnings

Report DateDec 11, 2006Mar 14, 2007May 14, 2007Aug 14, 2007Nov 14, 2007Mar 5, 2008May 13, 2008Aug 13, 2008Nov 21, 2008Mar 17, 2009May 26, 2009Aug 6, 2009Nov 17, 2009Mar 3, 2010Sep 2, 2010Nov 18, 2010Mar 10, 2011May 11, 2011Aug 17, 2011Nov 22, 2011Mar 7, 2012May 10, 2012Aug 15, 2012Nov 15, 2012Mar 11, 2013May 28, 2013Aug 8, 2013Nov 13, 2013Mar 5, 2014May 16, 2014Aug 13, 2014Nov 12, 2014Mar 5, 2015May 7, 2015Aug 18, 2015Nov 10, 2015Mar 10, 2016May 11, 2016Aug 18, 2016Nov 21, 2016Mar 21, 2017Jun 6, 2017Aug 14, 2017Nov 9, 2017Mar 19, 2018May 16, 2018Aug 14, 2018Nov 15, 2018Mar 21, 2019May 30, 2019Aug 15, 2019Nov 12, 2019Mar 26, 2020May 28, 2020Aug 7, 2020Nov 19, 2020Mar 18, 2021May 20, 2021Aug 12, 2021Nov 18, 2021Mar 17, 2022May 24, 2022Aug 18, 2022Nov 22, 2022Mar 21, 2023May 18, 2023Aug 22, 2023Nov 14, 2023Mar 14, 2024May 9, 2024Aug 22, 2024Dec 5, 2024Mar 14, 2025May 15, 2025Aug 21, 2025Nov 13, 2025Mar 12, 2026May 14, 2026Aug 27, 2026Nov 12, 2026
EPS Estimate--0.02-0.040.070.060.180.350.570.44-0.31-0.25-0.090.540.490.190.430.650.410.27-0.51-0.36-0.53-0.31-0.47-0.83-0.78-0.200.220.410.080.581.141.340.670.290.290.760.180.410.260.32-0.27-0.240.440.960.420.240.451.01-0.570.350.680.451.09-0.12-0.24-0.550.39-0.440.130.33-0.090.330.380.760.731.580.700.02-0.080.08-0.12-0.24-1.500.76-0.76-0.47-0.78-1.01-1.05
EPS Actual0.01-0.21-0.05-0.020.110.200.650.780.41-1.42-0.130.490.690.350.070.470.580.130.16-1.02-1.39-0.49-0.59-1.01-1.01-0.10-0.290.670.380.070.951.751.281.040.310.791.050.390.680.270.24-0.10-0.150.221.050.720.261.091.81-0.290.770.661.121.840.090.150.110.360.180.420.170.141.071.121.111.192.390.32-0.020.190.02-0.31-1.47-1.07-0.34-0.58-1.28-1.84-1.40-
Surprise--950.00%-25.00%-128.57%83.33%11.11%85.71%36.84%-6.82%-358.06%48.00%644.44%27.78%-28.57%-63.16%9.30%-10.77%-68.29%-40.74%-100.00%-286.11%7.55%-90.32%-114.89%-21.69%87.18%-45.00%204.55%-7.32%-12.50%63.79%53.51%-4.48%55.22%6.90%172.41%38.16%116.67%65.85%3.85%-25.00%62.96%37.50%-50.00%9.38%71.43%8.33%142.22%79.21%49.12%120.00%-2.94%148.89%68.81%175.00%162.50%120.00%-7.69%140.91%223.08%-48.48%255.56%224.24%194.74%46.05%63.01%51.27%-54.29%-200.00%337.50%-75.00%-158.33%-509.71%28.67%-144.74%23.68%-173.80%-135.90%-38.61%-
Timing--Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-market-Pre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap733.28M
Enterprise Value7.28B
Trailing P/E0.00
Forward P/E21.51
PEG Ratio0.16
Price / Sales0.15
Price / Book0.28
EPS-3.84
Book Value40.58
Revenue (TTM)4.99B
Gross Profit (TTM)880.24M
EBITDA626.93M
Profit Margin-3.73%
Operating Margin-5.88%
Return on Equity-5.97%
Return on Assets0.42%
Shares Outstanding67.90M
Shares Float43.62M
Beta1.51
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 11 analystsTarget 17.85
  • Strong Buy
    4
  • Hold
    5
  • Sell
    2

Ownership Breakdown

Institutions
63.67%
Insiders
29.76%
Retail / Other
6.57%

Top Institutional Holders

  • Mackenzie Investments
    4.62M6.80%
  • D. E. Shaw & Co LP
    3.83M5.64%
  • Amvescap Plc.
    2.42M3.57%
  • Polunin Capital Partners Ltd
    2.12M3.12%
  • BlackRock Inc
    1.63M2.40%
  • Morgan Stanley - Brokerage Accounts
    1.61M2.36%
  • Legal & General Group PLC
    1.37M2.02%
  • Two Sigma Investments LLC
    1.21M1.78%
  • Bank of America Corp
    1.07M1.58%
  • JPMorgan Chase & Co
    1.04M1.53%
  • The Goldman Sachs Group Inc
    981.43K1.45%
  • Shah Capital Management
    923.72K1.36%
  • Crystal Cove Asset Management, LLC
    870.50K1.28%

Top Fund Holders

  • Mackenzie Grnchp Glbl Envr All Cap F5
    3.54M5.22%
  • iShares Global Clean Engy Trns ETF $Dist
    1.54M2.26%
  • L&G Battery Value-Chain ETF
    1.38M2.03%
  • Invesco Solar ETF
    1.32M1.94%
  • iShares Russell 2000 ETF
    1.25M1.85%
  • iShares Global Clean Energy ETF
    944.13K1.39%
  • L&G Clean Energy ETF USD Acc
    759.99K1.12%