USD 10.99
↓ -0.78 (-6.63%)
| ticker | 1 day return % | 1 week return % | 1 month return % | 3 months return % | 6 months return % | 1 year return % | 3 years return % | 5 years return % | 10 years return % | maximum return % |
|---|---|---|---|---|---|---|---|---|---|---|
| CSIQ | -6.6 | -9.9 | -12.4 | -25.5 | -30.3 | -47.2 | -71.8 | -26.6 | -59.8 | -29.7 |
| S&P 500 | -1.3 | -1.9 | 0.1 | 5.7 | 10.7 | 29.1 | 24.8 | 88.0 | 186.1 | 33142.5 |
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| Attribute | Value |
|---|---|
| symbol | CSIQ |
| name | Canadian Solar Inc. |
| price | 10.99 |
| changes percentage | -6.627 |
| change | -0.78 |
| day low | 10.94 |
| day high | 12 |
| year high | 26.85 |
| year low | 10.94 |
| market cap | 727262140 |
| price avg 50 | 13.9354 |
| price avg 200 | 16.4573 |
| exchange | NASDAQ |
| volume | 3299173 |
| avg volume | 2177812 |
| open | 11.92 |
| previous close | 11.77 |
| eps | 0.47 |
| pe | 23.38 |
| earnings announcement | 2024-12-05T12:00:00.000+0000 |
| shares outstanding | 66174899 |
| timestamp | 2024-11-15 21:00:01 |
We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0001375877 | |||
| revenue | 7613626000 | 7468610000 | 1.94 |
| gross profit | 1279983000 | 1263136000 | 1.33 |
| gross profit ratio | 0.17 | 0.17 | -0.60 |
| research and development expenses | 100844000 | 69822000 | 44.43 |
| operating expenses | 911002000 | 907075000 | 0.43 |
| interest income | 51621000 | 40615000 | 27.10 |
| interest expense | 114099000 | 74266000 | 53.64 |
| ebitda | 877296000 | 675151000 | 29.94 |
| ebitdaratio | 0.12 | 0.05 | 116.95 |
| operating income | 453320000 | 356061000 | 27.32 |
| operating income ratio | 0.06 | 0.05 | 24.89 |
| net income | 274187000 | 239968000 | 14.26 |
| net income ratio | 0.04 | 0.03 | 12.08 |
| eps | 4.27 | 3.73 | 14.48 |
Revenue Growth: revenue increased to 7,614 million in 2023 from 7,469 million in 2022 representing a change of 1.94%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 1,280 million in 2023 from 1,263 million in 2022 representing a change of 1.33%. This indicates a sales profitability growth, which is a positive sign for the company.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 877 million in 2023 from 675 million in 2022 representing a change of 29.94%. The increase in EBITDA indicates improved operational efficiency and profitability.
Operating Income: Operating income increased to 453 million in 2023 from 356 million in 2022 representing a change of 27.32%. The increase in operating income indicates better operational performance and increased profitability.
Net Income: Net income increased to 274 million in 2023 from 240 million in 2022 representing a change of 14.26%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.
Earnings per Share (EPS): EPS increased to 4.27 in 2023 from 4.27 in 2022 representing a change of 14.48%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.
Research and Development (R&D) Expenses: R&D Expenses decreased to 101 million in 2023 from 70 million in 2022 representing a change of 44.43%. This shows that the company decreased investment in innovation and product development, which is not a good sign for long-term growth.
Operating Expenses: Operating Expenses increased to 911 million in 2023 from 907 million in 2022 representing a change of 0.43%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
| 2024Q2 | 2024Q1 | Q/Q change % | |
|---|---|---|---|
| 0001375877 | |||
| revenue | 1635433000 | 1329111000 | 23.05 |
| gross profit | 282094000 | 252753000 | 11.61 |
| gross profit ratio | 0.17 | 0.19 | -9.30 |
| research and development expenses | 25578000 | 34279000 | -25.38 |
| operating expenses | 234444000 | 217384000 | 7.85 |
| interest income | 14122000 | 34302000 | -58.83 |
| interest expense | 33022000 | 34867000 | -5.29 |
| ebitda | 195504000 | 189762000 | 3.03 |
| ebitdaratio | 0.12 | 0.11 | 9.30 |
| operating income | 47650000 | 35369000 | 34.72 |
| operating income ratio | 0.03 | 0.03 | 9.49 |
| net income | 3822000 | 12352000 | -69.06 |
| net income ratio | 0.0 | 0.01 | -74.85 |
| eps | 0.06 | 0.19 | -69.74 |
Revenue Growth: revenue increased to 1,635 million in 2024Q2 from 1,329 million in 2024Q1 representing a change of 23.05%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 282 million in 2024Q2 from 253 million in 2024Q1 representing a change of 11.61%. This indicates a sales profitability growth, which is a positive sign for the company.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 196 million in 2024Q2 from 190 million in 2024Q1 representing a change of 3.03%. The increase in EBITDA indicates improved operational efficiency and profitability.
Operating Income: Operating income increased to 48 million in 2024Q2 from 35 million in 2024Q1 representing a change of 34.72%. The increase in operating income indicates better operational performance and increased profitability.
Net Income: Net income increased to 4 million in 2024Q2 from 12 million in 2024Q1 representing a change of -69.06%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.
Research and Development (R&D) Expenses: R&D Expenses decreased to 26 million in 2024Q2 from 34 million in 2024Q1 representing a change of -25.38%. This shows that the company decreased investment in innovation and product development, which is not a good sign for long-term growth.
Operating Expenses: Operating Expenses increased to 234 million in 2024Q2 from 217 million in 2024Q1 representing a change of 7.85%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
Earnings per Share (EPS): EPS increased to 0.06 in 2024Q2 from 0.06 in 2024Q1 representing a change of -69.74%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0001375877 | |||
| total assets | 11895760000 | 9037128000 | 31.63 |
| total liabilities | 8190516000 | 6730434000 | 21.69 |
| total equity | 3705244000 | 2306694000 | 60.63 |
| cash and cash equivalents | 2938622000 | 981434000 | 199.42 |
| short term investments | 19324000 | 18337000 | 5.38 |
| long term investments | 277051000 | 115784000 | 139.28 |
| total current assets | 5814660000 | 5644657000 | 3.01 |
| total non current assets | 6081100000 | 3392471000 | 79.25 |
| total current liabilities | 5864391000 | 5258768000 | 11.52 |
| total non current liabilities | 2326125000 | 1515906000 | 53.45 |
| common stock | 835543000 | 835543000 | 0.00 |
| retained earnings | 1549707000 | 1275520000 | 21.50 |
| total debt | 4475531000 | 4012122000 | 11.55 |
Total Assets: Total Assets increased to 11,896 million in 2023 from 9,037 million in 2022 representing a change of 31.63%. Suggesting a growth in asset holdings.
Total Equity: Total Equity increased to 3,705 million in 2023 from 2,307 million in 2022 representing a change of 60.63%. This indicates an increase in shareholders' equity.
Cash And Cash Equivalents: Cash And Cash Equivalents increased to 2,939 million in 2023 from 981 million in 2022 representing a change of 199.42%. This indicates an increase in available liquid assets.
Short Term Investments: Short Term Investments increased to 19 million in 2023 from 18 million in 2022 representing a change of 5.38%. This indicates an increase in short-term investment holdings.
Total Current Assets: Total Current Assets increased to 5,815 million in 2023 from 5,645 million in 2022 representing a change of 3.01%. This indicates a better liquidity position.
Retained Earnings: Retained Earnings increased to 1,550 million in 2023 from 1,276 million in 2022 representing a change of 21.5%. This indicates an accumulated profits.
Total Liabilities: Total Liabilities increased to 8,191 million in 2023 from 6,730 million in 2022 representing a change of 21.69%. This indicates an increase in overall liabilities.
Total Current Liabilities: Total Current Liabilities increased to 5,864 million in 2023 from 5,259 million in 2022 representing a change of 11.52%. This indicates a higher short-term debt burden.
Total Debt: Total Debt increased to 4,476 million in 2023 from 4,012 million in 2022 representing a change of 11.55%. This indicates an increase in overall debt burden.
| 2024Q2 | 2024Q1 | Q/Q change % | |
|---|---|---|---|
| 0001375877 | |||
| total assets | 12136937000 | 12366770000 | -1.86 |
| total liabilities | 8277035000 | 8675354000 | -4.59 |
| total equity | 3859902000 | 3691416000 | 4.56 |
| cash and cash equivalents | 2182264000 | 2889637000 | -24.48 |
| short term investments | 0 | 0 | NaN |
| long term investments | 276348000 | 280299000 | -1.41 |
| total current assets | 5224374000 | 5899753000 | -11.45 |
| total non current assets | 6912563000 | 6467017000 | 6.89 |
| total current liabilities | 5578890000 | 6038488000 | -7.61 |
| total non current liabilities | 2698144999 | 2636865999 | 2.32 |
| common stock | 835543000 | 835543000 | 0.00 |
| retained earnings | 1565881000 | 1562059000 | 0.24 |
| total debt | 4931640000 | 5175816000 | -4.72 |
Total Assets: Total Assets decreased to 12,137 million in 2024Q2 from 12,367 million in 2024Q1 representing a change of -1.86%. Suggesting a decrease in asset holdings.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 2,182 million in 2024Q2 from 2,890 million in 2024Q1 representing a change of -24.48%. This indicates a decrease in available liquid assets.
Total Current Assets: Total Current Assets decreased to 5,224 million in 2024Q2 from 5,900 million in 2024Q1 representing a change of -11.45%. This indicates a worsen liquidity position.
Total Liabilities: Total Liabilities decreased to 8,277 million in 2024Q2 from 8,675 million in 2024Q1 representing a change of -4.59%. This indicates a decrease in overall liabilities.
Total Equity: Total Equity increased to 3,860 million in 2024Q2 from 3,691 million in 2024Q1 representing a change of 4.56%. This indicates an increase in shareholders' equity.
Total Current Liabilities: Total Current Liabilities decreased to 5,579 million in 2024Q2 from 6,038 million in 2024Q1 representing a change of -7.61%. This indicates a lower short-term debt burden.
Retained Earnings: Retained Earnings increased to 1,566 million in 2024Q2 from 1,562 million in 2024Q1 representing a change of 0.24%. This indicates an accumulated profits.
Total Debt: Total Debt decreased to 4,932 million in 2024Q2 from 5,176 million in 2024Q1 representing a change of -4.72%. This indicates a reduction in overall debt burden.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0001375877 | |||
| net change in cash | 979072000 | 535221000 | 82.93 |
| operating cash flow | 684615000 | 916631000 | -25.31 |
| free cash flow | -840845000 | 288634000 | -391.32 |
| capital expenditure | -1525460000 | -627997000 | -142.91 |
| depreciation and amortization | 307040000 | 234559000 | 30.90 |
| deferred income tax | 0 | 16908000 | -100.00 |
| stock based compensation | 55335000 | 9370000 | 490.55 |
| accounts payables | 13115000 | 351535000 | -96.27 |
| inventory | 182767000 | -406343000 | 144.98 |
| acquisitions net | -9448000 | -12272000 | 23.01 |
| investments in property plant and equipment | -1525460000 | -627997000 | -142.91 |
| net cash used for investing activites | -1671416000 | -630488000 | -165.10 |
| debt repayment | 1152470000 | 443125000 | 160.08 |
| common stock issued | 927897000 | 0 | NaN |
| common stock repurchased | 0 | 0 | NaN |
| dividends paid | 0 | 0 | NaN |
| net cash used provided by financing activities | 2052828000 | 428639000 | 378.92 |
| cash at end of period | 2938622000 | 1969503000 | 49.21 |
| accounts receivables | 15414000 | -357276000 | 104.31 |
| cash at beginning of period | 1959550000 | 1434282000 | 36.62 |
Net Change in Cash: Net Change in Cash increased to 979 million in 2023 from 535 million in 2022 representing a change of 82.93%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.
Capital Expenditure: Capital Expenditure decreased to -1,525 million in 2023 from -628 million in 2022 representing a change of -142.91%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.
Accounts Payables: The absolute value of Accounts Payables decreased to 13 million in 2023 from 352 million in 2022 representing a change of -96.27%. This indicates that the company has reduced its outstanding obligations to its suppliers.
Operating Cash Flow: Operating Cash Flow decreased to 685 million in 2023 from 917 million in 2022 representing a change of -25.31%. This indicates that the company generated less cash from its core business operations.
Free Cash Flow: Free Cash Flow decreased to -841 million in 2023 from 289 million in 2022 representing a change of -391.32%. This indicates a decrease in cash generated after accounting for capital expenditures.
Stock-Based Compensation: Stock-Based Compensation increased to 55 million in 2023 from 9 million in 2022 representing a change of 490.55%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
Accounts Receivables: Accounts Receivables increased to 15 in 2023 from -357 million in 2022 representing a change of 104.31%. This suggests that the company is less capable of collecting payments from its customers.
| 2024Q2 | 2024Q1 | Q/Q change % | |
|---|---|---|---|
| 0001375877 | |||
| operating cash flow | -429338000 | -291487000 | -47.29 |
| free cash flow | -830522000 | -731290000 | -13.57 |
| capital expenditure | -401184000 | -439803000 | 8.78 |
| depreciation and amortization | 0 | 110000000 | -100.00 |
| deferred income tax | 0 | 0 | NaN |
| stock based compensation | 0 | 0 | NaN |
| accounts receivables | 0 | 0 | NaN |
| accounts payables | 0 | 0 | NaN |
| inventory | 0 | 0 | NaN |
| acquisitions net | 0 | 0 | NaN |
| investments in property plant and equipment | -398092521 | -439803000 | 9.48 |
| net cash used for investing activites | -395611881 | -432971000 | 8.63 |
| debt repayment | 0 | 0 | NaN |
| common stock issued | 0 | 0 | NaN |
| common stock repurchased | -70624000 | 0 | NaN |
| dividends paid | 0 | 0 | NaN |
| net cash used provided by financing activities | 184249115 | 723412000 | -74.53 |
| net change in cash | -701892000 | -48985000 | -1332.87 |
| cash at end of period | 2192241000 | 2889637000 | -24.13 |
| cash at beginning of period | 2894133000 | 2938622000 | -1.51 |
Net Change in Cash: Net Change in Cash decreased to -702 million in 2024Q2 from -49 million in 2024Q1 representing a change of -1332.87%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.
Operating Cash Flow: Operating Cash Flow decreased to -429 million in 2024Q2 from -291 million in 2024Q1 representing a change of -47.29%. This indicates that the company generated less cash from its core business operations.
Free Cash Flow: Free Cash Flow decreased to -831 million in 2024Q2 from -731 million in 2024Q1 representing a change of -13.57%. This indicates a decrease in cash generated after accounting for capital expenditures.
Capital Expenditure: Capital Expenditure increased to -401 million in 2024Q2 from -440 million in 2024Q1 representing a change of 8.78%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.
We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.
Note: The years mentioned below are fiscal years in accounting.
Q2 2024 Earnings call transcript
EPS represents the portion of a company's profit allocated to each outstanding share of common stock. A higher EPS is generally favorable, indicating stronger profitability on a per-share basis.
Positive EPS: A positive EPS signifies that a company is profitable, it is generally viewed positively, supporting stock value and investor confidence.
Negative EPS: Indicates that a company is operating at a loss, which could lead to negative sentiment, potential stock depreciation, and concerns about the company's financial health.
The Next Earning Date represents when the company plans to release its next set of financial results.
An upward trend in EPS suggests consistent growth in earnings, often leading to increased investor confidence. A downward trend may indicate a decline in earnings, potentially decreasing investor confidence and stock value. Fluctuating EPS suggests unpredictable financial performance, warranting cautious investor analysis.
Earnings surprise occurs when a company's actual earnings differ from analysts' expectations. A positive earnings surprise typically reflects better-than-expected performance, potentially leading to stock appreciation. Conversely, a negative earnings surprise can result in stock depreciation. An earnings surprise of zero means the earnings met expectations, which typically has a neutral impact on stock price.
Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.
| 2023-12-31 | 2022-12-31 | Y/Y change % | |
|---|---|---|---|
| FY | |||
| calendar year | 2023 | 2022 | NaN |
| revenue per share | 116.46 | 116.11 | 0.30 |
| net income per share | 4.19 | 3.73 | 12.42 |
| operating cash flow per share | 10.47 | 14.25 | -26.51 |
| free cash flow per share | -12.86 | 4.49 | -386.64 |
| cash per share | 45.25 | 15.54 | 191.11 |
| book value per share | 56.68 | 35.86 | 58.05 |
| tangible book value per share | 56.37 | 34.53 | 63.27 |
| shareholders equity per share | 39.15 | 30.19 | 29.69 |
| interest debt per share | 68.11 | 63.13 | 7.89 |
| market cap | 1714788453.32 | 1987628811.3 | -13.73 |
| enterprise value | 3251697453.32 | 5018316811.3 | -35.20 |
| pe ratio | 6.25 | 8.28 | -24.49 |
| price to sales ratio | 0.23 | 0.27 | -15.37 |
| pocfratio | 2.5 | 2.17 | 15.51 |
| pfcf ratio | -2.04 | 6.89 | -129.61 |
| pb ratio | 0.67 | 1.02 | -34.55 |
| ptb ratio | 0.67 | 1.02 | -34.55 |
| ev to sales | 0.43 | 0.67 | -36.44 |
| enterprise value over ebitda | 3.71 | 7.43 | -50.13 |
| ev to operating cash flow | 4.75 | 5.47 | -13.24 |
| ev to free cash flow | -3.87 | 17.39 | -122.24 |
| earnings yield | 0.16 | 0.12 | 32.44 |
| free cash flow yield | -0.49 | 0.15 | -437.67 |
| debt to equity | 1.7 | 2.05 | -17.43 |
| debt to assets | 0.36 | 0.44 | -17.32 |
| net debt to ebitda | 1.75 | 4.49 | -60.97 |
| current ratio | 0.99 | 1.07 | -7.63 |
| interest coverage | 3.97 | 4.79 | -17.13 |
| income quality | 2.5 | 3.07 | -18.67 |
| dividend yield | 0 | 0 | NaN |
| payout ratio | 0 | 0 | NaN |
| sales general and administrative to revenue | 0.06 | 0.05 | 26.30 |
| research and ddevelopement to revenue | 0.01 | 0.01 | 41.68 |
| intangibles to total assets | 0.0 | 0.01 | -82.50 |
| capex to operating cash flow | 2.23 | 0.69 | 225.23 |
| capex to revenue | 0.2 | 0.08 | 138.28 |
| capex to depreciation | 4.97 | 2.68 | 85.57 |
| stock based compensation to revenue | 0.01 | 0.0 | 479.31 |
| graham number | 60.78 | 50.34 | 20.75 |
| roic | 0.06 | 0.05 | 17.70 |
| return on tangible assets | 0.02 | 0.03 | -13.88 |
| graham net net | -57.14 | -62.83 | 9.06 |
| working capital | -49731000 | 385889000 | -112.89 |
| tangible asset value | 3685517000 | 2221070000 | 65.93 |
| net current asset value | -2375856000 | -1085777000 | -118.82 |
| invested capital | 4246958000 | 2698478000 | 57.38 |
| average receivables | 1222902000 | 1061823500 | 15.17 |
| average payables | 809488500 | 654147500 | 23.75 |
| average inventory | 1351868000 | 1358234500 | -0.47 |
| days sales outstanding | 57.99 | 60.41 | -4.00 |
| days payables outstanding | 46.89 | 47.37 | -1.00 |
| days of inventory on hand | 67.98 | 89.65 | -24.17 |
| receivables turnover | 6.29 | 6.04 | 4.17 |
| payables turnover | 7.78 | 7.71 | 1.01 |
| inventory turnover | 5.37 | 4.07 | 31.87 |
| roe | 0.11 | 0.12 | -13.31 |
| capex per share | 23.33 | 9.76 | 139.01 |
ROE:
Debt-to-Equity Ratio:
PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 6.25 on 2023-12-31 from 8.28 on 2022-12-31, representing a change of -24.49%. Indicating a decrease in the relative valuation of the company's stock.
Current Ratio: Current Ratio decreased to 0.99 on 2023-12-31 from 1.07 on 2022-12-31, representing a change of -7.63%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.
| 2024-06-30 Q2 | 2024-03-31 Q1 | Q/Q change % | |
|---|---|---|---|
| CSIQ | |||
| calendar year | 2024 | 2024 | NaN |
| revenue per share | 24.62 | 20.09 | 22.59 |
| net income per share | 0.06 | 0.19 | -69.17 |
| operating cash flow per share | -6.46 | -4.41 | -46.74 |
| free cash flow per share | -12.51 | -11.05 | -13.14 |
| cash per share | 32.86 | 43.67 | -24.76 |
| book value per share | 58.12 | 55.79 | 4.17 |
| tangible book value per share | 57.61 | 55.26 | 4.26 |
| shareholders equity per share | 40.0 | 38.24 | 4.60 |
| interest debt per share | 72.78 | 76.77 | -5.20 |
| market cap | 930456637.5 | 1304103457.89 | -28.65 |
| enterprise value | 3679832637.5 | 3590282457.89 | 2.49 |
| pe ratio | 60.86 | 26.39 | 130.58 |
| price to sales ratio | 0.57 | 0.98 | -42.02 |
| pocfratio | -2.17 | -4.47 | 51.56 |
| pfcf ratio | -1.12 | -1.78 | 37.18 |
| pb ratio | 0.35 | 0.52 | -32.05 |
| ptb ratio | 0.35 | 0.52 | -32.05 |
| ev to sales | 2.25 | 2.7 | -16.70 |
| enterprise value over ebitda | 18.82 | 18.92 | -0.52 |
| ev to operating cash flow | -8.57 | -12.32 | 30.41 |
| ev to free cash flow | -4.43 | -4.91 | 9.75 |
| earnings yield | 0.0 | 0.01 | -56.63 |
| free cash flow yield | -0.89 | -0.56 | -59.18 |
| debt to equity | 1.81 | 1.99 | -9.37 |
| debt to assets | 0.4 | 0.41 | -3.04 |
| net debt to ebitda | 14.06 | 12.05 | 16.73 |
| current ratio | 0.94 | 0.98 | -4.15 |
| interest coverage | 1.44 | 1.01 | 42.25 |
| income quality | -112.33 | -23.6 | -376.02 |
| dividend yield | 0 | 0 | NaN |
| payout ratio | 0 | 0 | NaN |
| sales general and administrative to revenue | 0.06 | 0.07 | -13.39 |
| research and ddevelopement to revenue | 0.02 | 0.03 | -39.36 |
| intangibles to total assets | 0.0 | 0.0 | -2.33 |
| capex to operating cash flow | -0.93 | -1.51 | 38.07 |
| capex to revenue | 0.25 | 0.33 | -25.87 |
| capex to depreciation | 0 | 4.0 | -100.00 |
| stock based compensation to revenue | 0 | 0 | NaN |
| graham number | 7.2 | 12.67 | -43.22 |
| roic | 0.01 | 0.0 | 51.69 |
| return on tangible assets | 0.0 | 0.0 | -68.47 |
| graham net net | -66.99 | -62.27 | -7.59 |
| working capital | -354516000 | -138735000 | -155.53 |
| tangible asset value | 3825979000 | 3656026000 | 4.65 |
| net current asset value | -3052661000 | -2775601000 | -9.98 |
| invested capital | 4252099000 | 4346557000 | -2.17 |
| average receivables | 1264744000 | 1174257500 | 7.71 |
| average payables | 830147000 | 815933000 | 1.74 |
| average inventory | 1414264500 | 1498501000 | -5.62 |
| days sales outstanding | 76.53 | 77.11 | -0.76 |
| days payables outstanding | 56.0 | 68.41 | -18.14 |
| days of inventory on hand | 80.13 | 135.75 | -40.97 |
| receivables turnover | 1.18 | 1.17 | 0.76 |
| payables turnover | 1.61 | 1.32 | 22.16 |
| inventory turnover | 1.12 | 0.66 | 69.41 |
| roe | 0.0 | 0.0 | -70.53 |
| capex per share | 6.04 | 6.65 | -9.12 |
ROE: Return on Equity (ROE) decreased to 0.00 on 2024-06-30 Q2 from 0.00 on 2024-03-31 Q1, representing a change of -70.53%. Suggesting that the company has not been generating high returns for its shareholders.
Current Ratio: Current Ratio decreased to 0.94 on 2024-06-30 Q2 from 0.98 on 2024-03-31 Q1, representing a change of -4.15%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.
PE Ratio: Price-to-Earnings (P/E) Ratio increased to 60.86 on 2024-06-30 Q2 from 26.39 on 2024-03-31 Q1, representing a change of 130.58%. Indicating an increase in the relative valuation of the company's stock.
Debt-to-Equity Ratio:
None
| Market Capitalization | Enterprise Value | |
|---|---|---|
| Definition | The total market value of a company's outstanding shares | The total market value of a company, including its debt and other liabilities |
| Calculation | Current share price * Total number of outstanding shares | Market capitalization + Total debt - Cash and cash equivalents |
| Focus | Equity component of a company's value | Total economic value of a company |
| Usefulness | Assesses a company's size and growth potential based on investor sentiment | Provides a more comprehensive valuation that considers both equity and debt |
Analyzing dividends is a crucial aspect of investment evaluation, offering valuable insights into a company's financial health and its commitment to shareholder returns. Dividends represent a portion of a company's profits distributed to its shareholders, providing a steady income stream. We help you analyze dividends based on the indicators mentioned below:
• Investors often assess the average dividend amount, observing trends over time to gauge the company's stability and growth potential. A positive trend in average dividends indicates a consistent and potentially lucrative investment. Additionally, evaluating the trend of dividend increases provides insight into the company's financial strength and management's confidence in future earnings.
• Consistency in paying dividends is a reassuring sign, reflecting a company's reliability and commitment to shareholder value. For investors, dividends not only offer income but also contribute to the overall total return on investment.
• Companies with a history of regular and increasing dividends can attract income-focused investors seeking stable returns, making dividends a critical factor in building a well-rounded investment portfolio.
Interested in the overall sentiment for a particular period? Check out our news sentiment analysis tool.
Sentiment: Positive
Publish Date: 2024-11-15 08:10:36
Canadian Solar's shift to retaining solar power plants and battery storage aims for long-term gains, despite short-term EPS impacts and a current stock price drop. The company's vertical integration and new business model promise consistent profits from electricity sales, mitigating the volatility of solar panel manufacturing. Major project sales, like the Dominican Republic solar project, and increasing electricity sales are expected to boost Q3 earnings and future profitability.
Sentiment: Neutral
Publish Date: 2024-11-07 07:00:00
GUELPH, ON , Nov. 7, 2024 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ) today announced that it will hold a conference call on Thursday, December 5, 2024, at 8:00 a.m. U.S. Eastern Time (9:00 p.m.
Sentiment: Positive
Publish Date: 2024-10-31 07:00:00
Recurrent Energy's latest energy storage and solar tolling agreements with APS support Arizona's expanding energy needs GUELPH, ON and PHOENIX , Oct. 31, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today that it has signed two new tolling agreements with Arizona Public Service Company (APS). The 20-year tolling agreements encompass the Desert Bloom Storage and Papago Solar projects.
Sentiment: Positive
Publish Date: 2024-10-31 07:00:00
Autodesk, Inc., Biogen Inc., EMD Electronics and Wayfair Inc. are now purchasing renewable energy from the Texas project HOUSTON and GUELPH, ON , Oct. 31, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today that Liberty Solar, a 134 MW (100 MWac) solar project near Houston, Texas, has reached commercial operation. Liberty Solar is in Liberty County, Texas, about 50 miles northeast of Houston.
Sentiment: Positive
Publish Date: 2024-10-25 17:24:12
Canadian Solar is a risky but potentially rewarding short-term investment, with a projected 20% price increase in 2025 despite competition and geopolitical risks. The company is vertically integrated and diversified, with significant exposure to China, which could face tariff issues under a Trump presidency. Valuation metrics suggest Canadian Solar is undervalued, but its lower EBITDA growth and negative free cash flow margin make it less attractive than its peers.
Sentiment: Negative
Publish Date: 2024-10-22 07:00:00
GUELPH, ON , Oct. 22, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today issued the following comment: On October 8, 2024, Trina Solar Co., Ltd., ("Trina"), a Chinese competitor of Canadian Solar, filed a complaint for patent infringement in the U.S. District Court for the District of Delaware lawsuit against three of the Company's U.S. subsidiaries.
Sentiment: Positive
Publish Date: 2024-10-10 07:00:00
GUELPH, ON , Oct. 10, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar technology and renewable energy companies, is proud to be recognized as the most trustworthy company on Newsweek's World's Most Trustworthy Companies 2024 list in the Energy and Utilities sector. This ranking underscores Canadian Solar's commitment to transparency, reliability, and sustainability, and reflects our commitment to quality and customer service across the globe.
Sentiment: Positive
Publish Date: 2024-10-09 07:22:00
These stocks aren't right for everyone, but if you have a high risk tolerance, they could be worth a closer look.
Sentiment: Positive
Publish Date: 2024-10-05 10:15:00
Deep value, a mini-turnaround, and attractive prices.
Sentiment: Positive
Publish Date: 2024-10-03 11:15:29
CSIQ's subsidiary, CSI Solar, through its e-STORAGE division, secures a contract to supply a 98 MW/312 MWh DC BESS to the Huatacondo project in Chile.
Sentiment: Positive
Publish Date: 2024-10-03 07:00:00
NEW YORK and GUELPH, Ontario , Oct. 3, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today the final closing of a $500 million investment in Recurrent Energy by BlackRock through a fund managed by its Climate Infrastructure business ("BlackRock"). The transaction, announced in January 2024, has been completed following the receipt of the second and final payment.
Sentiment: Positive
Publish Date: 2024-10-01 09:20:57
Canadian Solar (NASDAQ: CSIQ) subsidiary, e-STORAGE, has secured an EPC contract to supply a 98 MW/312 MWh Battery Energy Storage System (BESS) project in Chile, with construction set to begin in 2025. e-STORAGE will integrate its SolBank 3.0 solution, managing all civil, mechanical, and electrical infrastructure.
Sentiment: Positive
Publish Date: 2024-10-01 07:00:00
GUELPH, ON , Oct. 1, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that e-STORAGE , which is part of the Company's majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar) has secured a turnkey EPC contract to supply a 98 MW/312 MWh DC Battery Energy Storage System (BESS) to the Huatacondo project in Chile.
Sentiment: Positive
Publish Date: 2024-09-10 10:41:10
Canadian Solar stock is rated as a hold due to oversupply in China and export policy hurdles despite its solid fundamentals and expansion plans. The company manufactures solar panels and energy storage solutions, with significant production in China and growing market share globally. Subsidies and proximity to raw materials in China reduce production costs, but regulatory challenges and labor concerns impact its market.
Sentiment: Positive
Publish Date: 2024-09-07 09:22:00
There are some cheap stocks in the market, and here are two in particular that could be worth a closer look.
Sentiment: Negative
Publish Date: 2024-09-06 07:16:21
Canadian Solar is highly cyclical, facing fierce competition and commoditization, leading to volatile stock performance despite industry growth. Recent performance has been poor with lowered guidance and a challenging macro environment. The solar panel market struggles with high interest rates, impacting demand; recovery is expected but not immediate, presenting a high-risk, high-reward scenario.
Sentiment: Positive
Publish Date: 2024-09-03 07:00:00
GUELPH, ON , Sept. 3, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced that it has entered into a partnership agreement with SOLARCYCLE, America's most advanced solar recycling company.
Sentiment: Positive
Publish Date: 2024-08-29 02:00:00
TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") is pleased to announce its unaudited financial results for the Quarter ended June 30, 2024. Financial Highlights Highlights of the second quarter 2024 results, which are expressed in Canadian Dollars, are summarized below: All figures denominated in Canadian Dollars (CDN$) Quarter EndedJune 30 2024 2023 Revenue $ 0 $ 0 Cost and expenses of operations $ (30,318 ) $ (72,881 ) Loss before the undernoted $ (30,318 ) $ (72,881 ) Depreciation $ (107,281 ) $ (128,989 ) General administrative expenses $ (1,507,639 ) $ (1,187,896 ) Foreign exchange gain (loss) $ (31,399 ) $ 34,250 Unrealized gain on derivative fair value adjustment $ 85,018 $ 0 Net (Loss) for the quarter $ (1,591,619 ) $ (1,355,516 ) Working Capital Deficit $ (12,593,186 ) $ (12,059,946 ) Cash loss from operating activities before changes in non-cash working capital $ (961,910 ) $ (793,674 ) Cash at June 30, 2024 $ 395,514 $ 586,464 Sales revenue for the quarter ended June 30, 2024 amounted to $ Nil compared to revenue of $ Nil for the quarter ended June 30, 2023.
Sentiment: Positive
Publish Date: 2024-08-23 10:05:22
Canadian Solar's (CSIQ) Q2 earnings top estimates. Its revenues decrease 30.8% year over year due to a decline in module ASPs.
Sentiment: Negative
Publish Date: 2024-08-23 06:31:01
The alternative energy specialist did not have a good second quarter. Both revenue and net income were down on a year-over-year basis, with the latter falling sharply.
* The sentiment analysis presented is generated through an algorithm and may be subject to inaccuracies. Users are advised to corroborate key information and employ further analytical methods prior to making critical decisions.
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| Indicator | Bullish | Bearish |
|---|---|---|
| Price and EMA ⓘ | Price crosses above EMA | Price crosses below EMA |
| Short-Term vs Long-Term EMA ⓘ | Short EMA crosses above Long EMA | Short EMA crosses below Long EMA |
| Volume ⓘ | Increasing volume during price uptrend | Increasing volume during price downtrend |
| MACD ⓘ | MACD crosses above Signal Line | MACD crosses below Signal Line |
| RSI ⓘ | RSI is below 30 (oversold) and starts to rise above 30 | RSI is above 70 (overbought) and starts to decline below 70 |
| Candlestick Patterns ⓘ | Bullish candlestick patterns | Bearish candlestick patterns |
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