UP!

CSIQ $31.27   View long term graphs

Canadian Solar Inc.
Type
Public company
Traded as CSIQ (NASDAQ)
Industry Renewable energy, Photovoltaics industry
Founded 2001 (2001)
Founder Dr. Shawn Qu, Chairman and CEO
Headquarters Guelph (Ontario), Canada
Number of locations
Canada, Germany, Italy, Spain, South Africa, India, United Arab Emirates, Japan, Korea, Australia, the United States, Singapore, Hong Kong, China, Brazil, Panama, Turkey, United Kingdom, South Africa, Vietnam, Indonesia
Products Photovoltaic modules, Photovoltaic systems
Revenue $3.5 billion (USD, 2015)
Number of employees
circa 9,000
Website www.canadiansolar.com

Canadian Solar Inc. is a publicly traded company (NASDAQ: CSIQ) that manufactures solar PV modules and provides turn-key solar energy solutions.

Founded in 2001 in Canada by Dr. Shawn Qu, Canadian Solar (NASDAQ: CSIQ) operates as a global energy provider with business subsidiaries in over 24 countries on 6 continents. Besides serving as a manufacturer of solar PV modules and provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. With the company’s recent acquisition of Recurrent Energy, Canadian Solar’s total project pipeline is now 20.4 GW, including an increase in the late-stage project pipeline to 2.4 GW. Including two state-of-the-art manufacturing facilities in Ontario, Canadian Solar employs nearly 9,000 workers worldwide. This translates to more than 16 GW of panel shipments, or approximately 70 million PV modules, in the past 15 years. Together with Recurrent Energy, Canadian Solar is ushering the way into a new era of clean, competitive, mainstream power.

Canadian Solar production facilities in Canada, China, Indonesia, Vietnam and Brazil are structured for the manufacturing of ingots, wafers, solar cells, solar PV modules, solar power systems and specialized solar products.

In 2008, Canadian Solar was one of the first module manufacturers to have an onsite ISO/IEC 17025-compliant testing laboratory. The Canadian Solar Photovoltaic Testing Lab was established to ensure compliance with international safety and reliability testing standards for solar panels.

The bulk of Canadian Solar's manufacturing facilities are located in Canada and China. The Ontario plant has a production capacity of over 500 MW per year. Canadian Solar passed the OHSAS 18001 international standards for occupational health and safety after auditing by TÜV Rheinland in 2012.

Below are some of Canadian Solar's worldwide project references:

Canadian Solar offers solar modules, solar power systems, off-grid solar home application systems and specialized solar products.

Canadian Solar's global PV project business unit has been in operation for over six years and develops PV projects worldwide, specializing in project development, system design, engineering and financing. In addition, Canadian Solar can handle the deployment of photovoltaic projects systems, ranging from commercial systems of a few hundred kilowatts to utility-scale projects measured in mega-watts.

Recurrent Energy: Canadian Solar (Nasdaq: CSIQ) completed the acquisition of solar developer Recurrent Energy from Sharp Corp for approximately $265 million in 2015.

Canadian Solar's standard modules are powered by 156 x 156 mm (6 inch) high efficiency mono-crystalline or poly-crystalline solar cells. Their new Dymond double-glass modules have better reliability and are PID-free; their five bus bar cells deliver higher module wattages and higher reliability.

Canadian Solar products adhere to international quality standards, including IEC 61215, IEC 61730, UL 1703, KEMCO, CE, JET CQC and MCS.

Canadian Solar modules have achieved the maximum ratings in tests for ammonia (NH3) resistance of solar modules and have also passed IEC 61701 salt mist resistance testing and are highly PID resistant.

Canadian Solar modules rank highly under PVUSA test conditions (PTC).

Canadian Solar modules passed blowing sand test according to IEC 60068-2-68 to determine the effects of dust and sand on electrotechnical products.

Canadian Solar was one of the first companies in the industry to offer enhanced product and performance warranty backed by an immediately available and non-cancellable insurance policy.

In 2011, Canadian Solar introduced a linear performance guarantee for PV module power output over a 25-year period. Under this policy, Canadian Solar expanded its product warranty covering workmanship and material defects up to 10 years.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-03-24 Future report Set alerts
Q3 2020 2020-11-10 Future report Set alerts
Q2 2020 2020-08-07 0.34 0.34
Q1 2020 2020-05-28 1.84 1.84
Q4 2019 2020-03-26 1.12 1.12
Q3 2019 2019-11-12 0.96 0.96
Q2 2019 2019-08-15 1.04 1.04
Q1 2019 2019-05-30 -0.29 -0.29
Q4 2018 2019-03-21 1.81 1.81
Q3 2018 2018-11-15 1.09 1.09

Ratings

2016-06-29 Reiterated Rating Canaccord Genuity Buy $29.00
2016-06-27 Reiterated Rating FBR & Co. Buy $32.00
2016-06-27 Reiterated Rating FBR & Co Buy $32.00
2016-05-15 Reiterated Rating Roth Capital Buy $28.00
2016-05-14 Reiterated Rating Canaccord Genuity Buy $30.00 to $29.00
2016-05-12 Reiterated Rating FBR & Co. Buy
2016-04-04 Initiated Coverage Barclays Overweight $24.00
2016-04-04 Initiated Coverage Barclays PLC Overweight $24.00
2016-03-31 Reiterated Rating Oppenheimer Buy $45.00
2016-03-31 Reiterated Rating Oppenheimer Holdings Inc. Buy $45.00
2016-03-29 Reiterated Rating Stifel Nicolaus Buy $28.00
2016-03-21 Reiterated Rating FBR & Co. Outperform $32.00
2016-03-19 Reiterated Rating Canaccord Genuity Buy $35.00 to $30.00
2016-03-16 Lower Price Target Cowen and Company Outperform $35.00 to $28.50
2016-03-16 Initiated Coverage Northland Securities Outperform $36.00
2016-03-15 Reiterated Rating Roth Capital Buy $40.00 to $28.00
2016-03-11 Reiterated Rating Stifel Nicolaus Buy $31.00 to $28.00
2016-03-10 Reiterated Rating FBR & Co. Buy $32.00
2016-02-26 Downgrade Standpoint Research Buy
2016-02-21 Reiterated Rating FBR & Co. Outperform $32.00
2016-02-17 Reiterated Rating Roth Capital Buy $40.00
2016-02-17 Reiterated Rating Canaccord Genuity Buy $35.00
2016-02-02 Reiterated Rating Roth Capital Buy $40.00
2016-01-21 Reiterated Rating FBR & Co. Buy $32.00
2016-01-21 Upgrade Standpoint Research Hold to Buy $26.00
2015-12-30 Reiterated Rating Cowen and Company Outperform $28.50 to $35.00
2015-12-17 Boost Price Target Canaccord Genuity Buy $29.00 to $35.00
2015-12-17 Initiated Coverage FBR & Co. Outperform $32.00
2015-12-14 Reiterated Rating Roth Capital Buy $40.00
2015-11-25 Downgrade Standpoint Research Buy to Hold
2015-11-13 Reiterated Rating Roth Capital Buy $40.00
2015-11-12 Reiterated Rating Canaccord Genuity Buy
2015-11-10 Initiated Coverage Morgan Stanley Overweight $30.50
2015-10-27 Reiterated Rating Canaccord Genuity Buy $40.00 to $29.00
2015-10-26 Reiterated Rating Cowen and Company Outperform $28.50
2015-10-09 Reiterated Rating Roth Capital Buy
2015-09-24 Initiated Coverage Stifel Nicolaus Buy $25.00
2015-09-08 Initiated Coverage Oppenheimer Outperform $43.00
2015-08-25 Initiated Coverage Cowen and Company Outperform $28.50
2015-08-21 Upgrade Standpoint Research Hold to Buy $26.00
2015-08-19 Lower Price Target Canaccord Genuity Buy $45.00 to $40.00
2015-08-19 Lower Price Target Roth Capital Buy $46.00 to $40.00
2015-08-17 Lower Price Target JPMorgan Chase & Co. Overweight $39.00 to $36.00
2015-06-01 Reiterated Rating FBR & Co. Outperform $45.00
2015-05-19 Boost Price Target Roth Capital $46.00
2015-05-19 Reiterated Rating Canaccord Genuity Buy $45.00
2015-05-18 Reiterated Rating Roth Capital Buy $40.00 to $40.00
2015-05-08 Set Price Target Roth Capital Buy $40.00
2015-04-07 Lower Price Target Canaccord Genuity Positive to Buy $46.00 to $45.00
2015-03-06 Downgrade Standpoint Research Buy to Hold
2015-03-06 Upgrade Goldman Sachs Neutral to Buy
2015-03-06 Upgrade Goldman Sachs Group Inc. Neutral to Buy
2015-01-13 Initiated Coverage CICC Research Buy
2014-11-18 Lower Price Target JPMorgan Chase & Co. Overweight $38.00 to $36.00
2014-11-18 Initiated Coverage Standpoint Research Buy $36.00
2014-11-13 Reiterated Northland Capital Outperform $47 to $48
2014-11-13 Lower Price Target Canaccord Genuity Buy $48.00 to $46.00
2014-11-13 Boost Price Target Northland Securities Outperform $47.00 to $48.00
2014-10-14 Reiterated Rating JPMorgan Chase & Co. Overweight $43.50 to $41.00
2014-09-23 Boost Price Target Canaccord Genuity Buy $44.00 to $48.00
2014-09-17 Reiterated FBR Capital Outperform $40 to $45
2014-09-17 Boost Price Target FBR & Co. Outperform $40.00 to $45.00
2014-08-14 Boost Price Target Roth Capital Buy $35.00 to $40.00
2014-07-15 Boost Price Target JPMorgan Chase & Co. Overweight $41.00 to $43.50
2014-07-07 Upgrade FBR Capital Mkt Perform to Outperform $40 to $40
2014-07-07 Upgrade FBR & Co. Market Perform to Outperform $40.00
2014-07-02 Initiated Coverage Canaccord Genuity Buy $43.00
2014-05-20 Reiterated Rating Nomura Buy $55.00 to $45.00
2014-05-19 Reiterated Northland Capital Outperform $52 to $46
2014-05-19 Lower Price Target Northland Securities Outperform $52.00 to $46.00
2014-05-16 Lower Price Target Roth Capital $50.00 to $35.00
2014-03-11 Initiated Coverage Dougherty & Co Buy
2014-03-07 Initiated Coverage Goldman Sachs Neutral
2014-03-06 Reiterated Northland Capital Outperform $51 to $52
2014-03-04 Reiterated Northland Capital Outperform $40 to $51
2014-03-04 Boost Price Target Northland Securities Outperform $40.00 to $51.00
2014-02-24 Initiated Coverage JPMorgan Chase & Co. Overweight $50.00
2014-02-19 Initiated Coverage FBR & Co. Market Perform
2014-01-29 Boost Price Target Roth Capital $50.00
2013-11-14 Reiterated Northland Capital Outperform $26 to $40
2013-11-14 Boost Price Target Northland Securities Outperform $26.00 to $40.00
2013-10-25 Boost Price Target Lazard Capital Markets Buy $25.00 to $35.00
2013-10-08 Initiated Coverage Northland Securities Outperform $26.00
2013-10-03 Boost Price Target Lazard Capital Markets Buy $20.00 to $25.00
2013-09-20 Boost Price Target Lazard Capital Markets Buy $18.00 to $20.00
2013-05-29 Reiterated Maxim Group Buy $10 to $12
2013-05-28 Reiterated Maxim Group Buy $10 to $12
2012-07-18 Upgrade Avian Neutral to Positive
2011-04-15 Reiterated Auriga U.S.A Buy $20 to $18
2011-03-31 Initiated Brean Murray Hold
2011-03-14 Reiterated Collins Stewart Hold $13.80 to $9
2011-01-11 Upgrade Auriga U.S.A Hold to Buy $13 to $20
2010-11-19 Reiterated Wedbush Neutral $12 to $14
2010-10-20 Reiterated Deutsche Bank Hold $11 to $12
2010-10-08 Reiterated Oppenheimer Perform $12 to $16
2010-09-02 Reiterated Wedbush Neutral $11 to $12
2010-08-20 Reiterated Oppenheimer Perform $10 to $12
2010-07-14 Initiated Jefferies Hold $11
2016-06-29 Reiterated Rating Canaccord Genuity Buy $29.00
2016-06-27 Reiterated Rating FBR & Co. Buy $32.00
2016-06-27 Reiterated Rating FBR & Co Buy $32.00
2016-05-15 Reiterated Rating Roth Capital Buy $28.00
2016-05-14 Reiterated Rating Canaccord Genuity Buy $30.00 to $29.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks

Comments