Is Canadian Solar Stock a Good Investment?
Canadian Solar Investment Advice | CSIQ |
- Examine Canadian Solar's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Canadian Solar's leadership team and their track record. Good management can help Canadian Solar navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Semiconductors & Semiconductor Equipment space and any emerging trends that could impact Canadian Solar's business and its evolving consumer preferences.
- Compare Canadian Solar's performance and market position to its competitors. Analyze how Canadian Solar is positioned in terms of product offerings, innovation, and market share.
- Check if Canadian Solar pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Canadian Solar's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Canadian Solar stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Canadian Solar is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Canadian Solar Stock
Researching Canadian Solar's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 29.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.3. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canadian Solar has Price/Earnings To Growth (PEG) ratio of 0.14. The entity had not issued any dividends in recent years.
To determine if Canadian Solar is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Canadian Solar's research are outlined below:
| Canadian Solar had very high historical volatility over the last 90 days | |
| Canadian Solar is unlikely to experience financial distress in the next 2 years | |
| Canadian Solar has a strong financial position based on the latest SEC filings | |
| About 29.0% of the company shares are held by company insiders | |
| Latest headline from cleantechnica.com: As New Solar Design Frameworks Emerge, More Women Professionals Are Needed In The Industry |
Canadian Solar Quarterly Long Term Debt |
|
Canadian Solar uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Canadian Solar. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Canadian Solar's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 19th of March 2024 Upcoming Quarterly Report | View | |
| 16th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 19th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Canadian Solar's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Canadian Solar's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2008-03-05 | 2007-12-31 | 0.18 | 0.2 | 0.02 | 11 | ||
2007-05-14 | 2007-03-31 | -0.12 | -0.14 | -0.02 | 16 | ||
2017-11-09 | 2017-09-30 | 0.26 | 0.23 | -0.03 | 11 | ||
2024-03-14 | 2023-12-31 | 0.02 | -0.02 | -0.04 | 200 | ||
2007-11-14 | 2007-09-30 | -0.02 | 0.02 | 0.04 | 200 | ||
2021-05-20 | 2021-03-31 | 0.41 | 0.36 | -0.05 | 12 | ||
2014-05-16 | 2014-03-31 | 0.12 | 0.07 | -0.05 | 41 | ||
2011-03-10 | 2010-12-31 | 0.65 | 0.58 | -0.07 | 10 |
Know Canadian Solar's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Canadian Solar is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Canadian Solar backward and forwards among themselves. Canadian Solar's institutional investor refers to the entity that pools money to purchase Canadian Solar's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Group One Trading, Lp | 2024-06-30 | 765.7 K | State Street Corp | 2024-06-30 | 460.9 K | Bank Of America Corp | 2024-06-30 | 370 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 348.9 K | Bnp Paribas Arbitrage, Sa | 2024-06-30 | 328.7 K | Robotti Robert | 2024-06-30 | 312.7 K | Simplex Trading, Llc | 2024-06-30 | 303.4 K | D. Scott Neal Inc | 2024-06-30 | 264.3 K | Decade Renewable Partners Lp | 2024-09-30 | 245.4 K | Blackrock Inc | 2024-06-30 | 5.2 M | Mackenzie Investments | 2024-09-30 | 5.2 M |
Canadian Solar's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 788.14 M.Market Cap |
|
Canadian Solar's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.02 | 0.02 | |
| Return On Capital Employed | 0.08 | 0.07 | |
| Return On Assets | 0.02 | 0.02 | |
| Return On Equity | 0.11 | 0.15 |
Determining Canadian Solar's profitability involves analyzing its financial statements and using various financial metrics to determine if Canadian Solar is a good buy. For example, gross profit margin measures Canadian Solar's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Canadian Solar's profitability and make more informed investment decisions.
Evaluate Canadian Solar's management efficiency
Canadian Solar has return on total asset (ROA) of 0.0106 % which means that it generated a profit of $0.0106 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0337 %, meaning that it created $0.0337 on every $100 dollars invested by stockholders. Canadian Solar's management efficiency ratios could be used to measure how well Canadian Solar manages its routine affairs as well as how well it operates its assets and liabilities. As of 11/26/2024, Return On Equity is likely to grow to 0.15, while Return On Tangible Assets are likely to drop 0.02. At this time, Canadian Solar's Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 11/26/2024, Total Current Liabilities is likely to grow to about 6.2 B, while Non Current Liabilities Other is likely to drop slightly above 257.8 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 56.68 | 59.51 | |
| Tangible Book Value Per Share | 56.37 | 59.19 | |
| Enterprise Value Over EBITDA | 3.71 | 3.52 | |
| Price Book Value Ratio | 0.67 | 0.64 | |
| Enterprise Value Multiple | 3.71 | 3.52 | |
| Price Fair Value | 0.67 | 0.64 | |
| Enterprise Value | 3.3 B | 3.4 B |
The operational strategies employed by Canadian Solar management play a crucial role in its market positioning. Assessing these strategies alongside financial data helps us evaluate the stock's investment potential.
Beta 1.337 |
Basic technical analysis of Canadian Stock
As of the 26th of November, Canadian Solar shows the Risk Adjusted Performance of 0.0247, downside deviation of 6.34, and Mean Deviation of 4.27. Canadian Solar technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Canadian Solar's Outstanding Corporate Bonds
Canadian Solar issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Canadian Solar uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Canadian bonds can be classified according to their maturity, which is the date when Canadian Solar has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View |
Understand Canadian Solar's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Canadian Solar's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0247 | |||
| Market Risk Adjusted Performance | (0.21) | |||
| Mean Deviation | 4.27 | |||
| Semi Deviation | 6.22 | |||
| Downside Deviation | 6.34 | |||
| Coefficient Of Variation | 4792.65 | |||
| Standard Deviation | 5.78 | |||
| Variance | 33.44 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | 0.1726 | |||
| Total Risk Alpha | (0.80) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.22) | |||
| Maximum Drawdown | 35.56 | |||
| Value At Risk | (8.50) | |||
| Potential Upside | 9.83 | |||
| Downside Variance | 40.21 | |||
| Semi Variance | 38.65 | |||
| Expected Short fall | (3.93) | |||
| Skewness | (0.23) | |||
| Kurtosis | 1.7 |
| Risk Adjusted Performance | 0.0247 | |||
| Market Risk Adjusted Performance | (0.21) | |||
| Mean Deviation | 4.27 | |||
| Semi Deviation | 6.22 | |||
| Downside Deviation | 6.34 | |||
| Coefficient Of Variation | 4792.65 | |||
| Standard Deviation | 5.78 | |||
| Variance | 33.44 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | 0.1726 | |||
| Total Risk Alpha | (0.80) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.22) | |||
| Maximum Drawdown | 35.56 | |||
| Value At Risk | (8.50) | |||
| Potential Upside | 9.83 | |||
| Downside Variance | 40.21 | |||
| Semi Variance | 38.65 | |||
| Expected Short fall | (3.93) | |||
| Skewness | (0.23) | |||
| Kurtosis | 1.7 |
Consider Canadian Solar's intraday indicators
Canadian Solar intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Canadian Solar stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 275157.0 | |||
| Daily Balance Of Power | 1.0 | |||
| Rate Of Daily Change | 1.1 | |||
| Day Median Price | 12.71 | |||
| Day Typical Price | 12.83 | |||
| Price Action Indicator | 0.94 | |||
| Period Momentum Indicator | 1.16 |
Canadian Solar Corporate Filings
13A | 13th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
6K | 29th of October 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 29th of May 2024 Other Reports | ViewVerify | |
| 26th of April 2024 Other Reports | ViewVerify |
Canadian Stock media impact
Far too much social signal, news, headlines, and media speculation about Canadian Solar that are available to investors today. That information is available publicly through Canadian media outlets and privately through word of mouth or via Canadian internal channels. However, regardless of the origin, that massive amount of Canadian data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Canadian Solar news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Canadian Solar relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Canadian Solar's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Canadian Solar alpha.
Canadian Solar Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Canadian Solar can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Canadian Solar Historical Investor Sentiment
Investor biases related to Canadian Solar's public news can be used to forecast risks associated with an investment in Canadian. The trend in average sentiment can be used to explain how an investor holding Canadian can time the market purely based on public headlines and social activities around Canadian Solar. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Canadian Solar's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canadian Solar and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Canadian Solar news discussions. The higher the estimate score, the more favorable the investor's outlook on Canadian Solar.
Canadian Solar Corporate Executives
Elected by the shareholders, the Canadian Solar's board of directors comprises two types of representatives: Canadian Solar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canadian. The board's role is to monitor Canadian Solar's management team and ensure that shareholders' interests are well served. Canadian Solar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canadian Solar's outside directors are responsible for providing unbiased perspectives on the board's policies.
Additional Tools for Canadian Stock Analysis
When running Canadian Solar's price analysis, check to measure Canadian Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.