20-May-2024
First Solar key beneficiary as Biden ends solar tariff exemption, RothMKM says
Seeking Alpha News (Thu, 16-May 3:25 PM ET)
PRNewswire (Thu, 9-May 6:00 AM ET)
PRNewswire (Wed, 8-May 7:00 AM ET)
Canadian Solar Wins Green Project Bond of the Year Award by Environmental Finance
PRNewswire (Mon, 29-Apr 7:00 AM ET)
Canadian Solar Files Annual Report on Form 20-F for Year Ended December 31, 2023
PRNewswire (Fri, 26-Apr 8:20 AM ET)
Canadian Solar Earns EcoVadis Silver Sustainability Rating
PRNewswire (Wed, 17-Apr 7:00 AM ET)
Canadian Solar Schedules First Quarter 2024 Earnings Conference Call for May 9
PRNewswire (Tue, 16-Apr 7:00 AM ET)
Recurrent Energy Secures 343 Million Brazilian Reais Financing for 152 MW Solar Project in Brazil
PRNewswire (Mon, 15-Apr 7:01 AM ET)
PRNewswire (Wed, 3-Apr 7:00 AM ET)
Canadian Solar Comments on Complaint Filed by Maxeon Solar
PRNewswire (Thu, 28-Mar 7:00 AM ET)
Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing, and manufacturing solar ingots, wafers, cells, modules, and other solar power products. It operates through two business segments CSI Solar and Recurrent Energy segment. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. Its Recurrent segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets.
Canadian Solar - Common Shares trades on the NASDAQ stock market under the symbol CSIQ.
As of May 20, 2024, CSIQ stock price declined to $15.71 with 1,684,790 million shares trading.
CSIQ has a beta of 2.15, meaning it tends to be more sensitive to market movements. CSIQ has a correlation of 0.25 to the broad based SPY ETF.
CSIQ has a market cap of $1.02 billion. This is considered a Small Cap stock.
Last quarter Canadian Solar - Common Shares reported $1 billion in Revenue and $.19 earnings per share. This beat revenue expectation by $52 million and exceeded earnings estimates by $.20.
In the last 3 years, CSIQ stock traded as high as $48.35 and as low as $14.11.
The top ETF exchange traded funds that CSIQ belongs to (by Net Assets): TAN, VXUS, VWO, ICLN, PBW.
CSIQ has underperformed the market in the last year with a price return of -60.9% while the SPY ETF gained +28.2%. CSIQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -31.2% and -9.5%, respectively, while the SPY returned +7.0% and +2.6%, respectively.
CSIQ support price is $15.18 and resistance is $16.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CSIQ stock will trade within this expected range on the day.