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Canadian Solar Inc CSIQ

Morningstar Rating
$17.27 +1.21 (7.53%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

CSIQ is trading at a 146% premium.
Price
$17.25
Fair Value
$34.88
Uncertainty
Extreme
1-Star Price
$46.36
5-Star Price
$54.78
Economic Moat
Rsh
Capital Allocation
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News

Trading Information

Previous Close Price
$16.06
Day Range
$16.2917.32
52-Week Range
$14.1145.29
Bid/Ask
$17.21 / $17.32
Market Cap
$1.14 Bil
Volume/Avg
2,232 / 1.6 Mil

Key Statistics

Price/Earnings (Normalized)
4.98
Price/Sales
0.17
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

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.
Sector
Technology
Industry
Solar
Stock Style Box
Small Value
Total Number of Employees
22,234

Comparables

Valuation

Metric
CSIQ
002459
688472
Price/Earnings (Normalized)
4.989.1512.44
Price/Book Value
0.451.372.04
Price/Sales
0.170.620.88
Price/Cash Flow
1.406.875.20
Price/Earnings
CSIQ
002459
688472

Financial Strength

Metric
CSIQ
002459
688472
Quick Ratio
0.530.550.76
Current Ratio
1.021.091.11
Interest Coverage
2.9225.876.58
Quick Ratio
CSIQ
002459
688472

Profitability

Metric
CSIQ
002459
688472
Return on Assets (Normalized)
2.95%4.44%5.53%
Return on Equity (Normalized)
13.82%12.76%18.03%
Return on Invested Capital (Normalized)
4.66%8.50%11.46%
Return on Assets
CSIQ
002459
688472
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Solar Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
FSLR
First Solar IncVtpvrhhvNzh$20.0 Bil
ENPH
Enphase Energy IncYrjchvdtvhVdtc$15.1 Bil
XNYIF
Xinyi Solar Holdings LtdTwlyg$6.5 Bil
XISHY
Xinyi Solar Holdings Ltd ADRPqsdb$6.5 Bil
NXT
NEXTracker Inc Ordinary Shares - Class AKmjmwgjttTwpyv$5.9 Bil
GCPEF
GCL Technology Holdings LtdBmxd$4.9 Bil
SEDG
SolarEdge Technologies IncNcwqbdyzWpmds$3.1 Bil
RUN
Sunrun IncTnxypqyLxp$2.7 Bil
SHLS
Shoals Technologies Group Inc Ordinary Shares - Class AMfmfgfrZprp$1.2 Bil
SPWR
SunPower CorpGkmlTlgrd$770.3 Mil

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