How to buy Canadian Solar stock | $39.58

Canadian Solar Inc is a solar business based in the US. Canadian Solar shares (CSIQ) are listed on the NASDAQ and all prices are listed in US Dollars. Canadian Solar employs 12,774 staff and has a trailing 12-month revenue of around 0.00.

Canadian Solar stock price (NASDAQ: CSIQ)

Use our graph to track the performance of CSIQ stocks over time.

Canadian Solar shares at a glance

• Key figures

Information last updated 2021-07-30.

Latest market close	$39.58
52-week range	$22.04 - $67.39
50-day moving average	$40.43
200-day moving average	$45.17
Wall St. target price	$50.00
PE ratio	42.1429
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.97

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Is it a good time to buy Canadian Solar stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Canadian Solar Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Canadian Solar price performance over time

Historical closes compared with the close of $39.58 from 2021-05-28

1 week (2021-07-24)	N/A
1 month (2021-07-02)	-8.12%
3 months (2021-05-04)	0.97%
6 months (2021-01-31)	N/A

1 year (2020-07-31)	N/A
2 years (2019-07-31)	N/A
3 years (2018-07-31)	N/A
5 years (2016-07-31)	N/A

Is Canadian Solar under- or over-valued?

Valuing Canadian Solar stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Canadian Solar's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Canadian Solar's P/E ratio

Canadian Solar's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 42x. In other words, Canadian Solar shares trade at around 42x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Canadian Solar's PEG ratio

Canadian Solar's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.29. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Canadian Solar's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Canadian Solar's EBITDA

Canadian Solar's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $383 million.

The EBITDA is a measure of a Canadian Solar's overall financial performance and is widely used to measure a its profitability.

Canadian Solar financials

Revenue TTM	$3.7 billion
Operating margin TTM	4.31%
Gross profit TTM	$689.9 million
Return on assets TTM	1.66%
Return on equity TTM	2.95%
Profit margin	1.57%
Book value	$26.23
Market capitalisation	$2.4 billion

TTM: trailing 12 months

Shorting Canadian Solar shares

There are currently 4.6 million Canadian Solar shares held short by investors – that's known as Canadian Solar's "short interest". This figure is 13.5% down from 5.4 million last month.

There are a few different ways that this level of interest in shorting Canadian Solar shares can be evaluated.

Canadian Solar's "short interest ratio" (SIR)

Canadian Solar's "short interest ratio" (SIR) is the quantity of Canadian Solar shares currently shorted divided by the average quantity of Canadian Solar shares traded daily (recently around 1.8 million). Canadian Solar's SIR currently stands at 2.64. In other words for every 100,000 Canadian Solar shares traded daily on the market, roughly 2640 shares are currently held short.

However Canadian Solar's short interest can also be evaluated against the total number of Canadian Solar shares, or, against the total number of tradable Canadian Solar shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Canadian Solar's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 Canadian Solar shares in existence, roughly 80 shares are currently held short) or 0.1007% of the tradable shares (for every 100,000 tradable Canadian Solar shares, roughly 101 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Canadian Solar.

Find out more about how you can short Canadian Solar stock.

Canadian Solar share dividends

We're not expecting Canadian Solar to pay a dividend over the next 12 months.

Canadian Solar share price volatility

Over the last 12 months, Canadian Solar's shares have ranged in value from as little as $22.04 up to $67.39. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Canadian Solar's is 1.4119. This would suggest that Canadian Solar's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Canadian Solar overview

Canadian Solar Inc. , together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects.

Frequently asked questions

What percentage of Canadian Solar is owned by insiders or institutions?
Currently 23.304% of Canadian Solar shares are held by insiders and 53.822% by institutions. How many people work for Canadian Solar?
Latest data suggests 12,774 work at Canadian Solar. When does the fiscal year end for Canadian Solar?
Canadian Solar's fiscal year ends in December. Where is Canadian Solar based?
Canadian Solar's address is: 545 Speedvale Avenue West, Guelph, ON, Canada, N1K 1E6 What is Canadian Solar's ISIN number?
Canadian Solar's international securities identification number is: CA1366351098 What is Canadian Solar's CUSIP number?
Canadian Solar's Committee on Uniform Securities Identification Procedures number is: 136635109