Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company's primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada.
IPO Year: 2006
Exchange: NASDAQ
Website: canadiansolar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/17/2024 | $14.00 → $11.00 | Neutral → Sell | Goldman |
| 12/13/2024 | $20.00 | Outperform | Mizuho |
| 11/22/2024 | $14.15 | Buy | Jefferies |
| 10/22/2024 | $19.00 → $11.00 | Neutral → Sell | Citigroup |
| 8/23/2024 | $43.00 → $27.00 | Outperform | Oppenheimer |
| 3/11/2024 | $21.00 | Neutral | Daiwa Securities |
| 12/18/2023 | $25.00 | Sell → Neutral | Goldman |
| 11/15/2023 | $32.00 → $22.00 | Neutral → Underweight | JP Morgan |
| 7/6/2023 | Neutral → Buy | UBS | |
| 3/10/2023 | $45.00 → $44.00 | Buy → Neutral | Citigroup |
KITCHENER, ON, Jan. 15, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), a global leader in solar power and renewable energy solutions, today announced the opening of its new global headquarters in Ontario, Canada. Founded in 2001 by Dr. Shawn Qu in Guelph, Canadian Solar has grown from a visionary startup into a global powerhouse with around 20,000 employees and operations in more than 20 countries worldwide. Located in Kitchener, Ontario, the new headquarters embodies Canadian Solar's commitment to innovation, sustainability, and its Canadian heritage. The Kitchener office will serve as the Company's corporate headquarters as well as several of i
KITCHENER, ON, Jan. 8, 2025 /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 signed contracts with Copenhagen Infrastructure Partners (CIP), through its flagship fund CI IV. The contracts cover the delivery of 2 GWh DC of battery energy storage systems for two landmark projects in Scotland: the 1 GWh DC Coalburn 2 Project, situated in South Lanarkshire, adjacent to the existing Coalburn 1 Project, and the 1 GWh DC Devilla Project, located in Fife near Kincardine, north of Edinburgh. Each site will have a two-hour energy storage d
KITCHENER, ON, Dec. 12, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced that it has executed three significant agreements with Sunraycer Renewables LLC ("Sunraycer"), an Annapolis, Maryland-based renewable energy platform. These include battery energy storage supply and commissioning agreements for two projects in Texas, as well as the purchase of up to 2 GWp of high-efficiency solar modules for various Sunraycer projects. Under the agreements, e-STORAGE, Canadian Solar's subsidiary specializing in the design, manufacturing, and integration of battery energy storage systems, will deliver 188 MWh DC to the Gaia project, located in Na
KITCHENER, ON, Dec. 10, 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 signing of a 10-year Power Purchase Agreement (PPA) with a major U.S.-based technology company. Under this agreement, the counterparty will procure renewable energy from a Recurrent Energy solar PV project located in Valladolid, in the northwestern Spanish autonomous community of Castilla y León. The Tordesillas solar PV project has an installed capacity of 300 MWp (peak) and is expected to be operational by 2026. Following energization, Recurrent Energy plans to
KITCHENER, ON, Dec. 5, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ:CSIQ) today announced financial results for the third quarter ended September 30, 2024. Highlights 16.4% gross margin, above guidance of 14% to 16%.Grew e-STORAGE contracted backlog to record $3.2 billion, as of November 30, 2024.Achieved final closing of BlackRock's $500 million investment in Recurrent Energy.Dr. Shawn Qu, Chairman and CEO, commented, "The solar industry faces significant external and internal challenges. While we have achieved relatively strong results, the outlook remains complex. We are currently operating at an optimal scale with industry-leading technologies, an
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., December 5, 2024, in Hong Kong) to discuss the Company's third quarter 2024 results and business outlook. The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), +852 800 965 561 (from Hong Kong), +86 400 120 2840 (local dial-in from Mainland China) or +1-201-389-0920 from international locations. The conference ID is 13750071. A live webcast of the conference call will also be available on the investor relations section
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. Customers for the project include Autodesk, Inc., Biogen Inc., EMD Electronics (the U.S. and Canada electronics business of Merck KGaA, Darmstadt, Germa
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. Both projects, located in Maricopa County, Arizona, are scheduled to start construction in 2025 and reach operation in 2026. Desert Bloom Storage is a 600 MWh s
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. The suit alleges that the subsidiaries are directly or indirectly infringing on two U.S. patents held by Trina relating to tunnel oxide passivated contact solar photovoltaic module technology (commonly referred to in the solar industry as "TOPCon" technology). As one of the largest solar product ma
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. The Newsweek list, developed in collaboration with Statista, relies on over 230,000 evaluations of companies across 23 industry sectors and 20 countries. Assessments were based
GUELPH, ON, June 21, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), today announced that it held its Annual Meeting of Shareholders on June 21, 2024. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: The election of Shawn (Xiaohua) Qu, Harry E. Ruda, Lauren C. Templeton, Andrew (Luen Cheung) Wong, Leslie Li Hsien Chang, Yan Zhuang, and Xinbo Zhu each as a director of the Company until the next annual meeting of shareholders of the Company or until their successors are elected or appointed;The re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the auditors of
GUELPH, ON, July 14, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced Mr. Jianyi Zhang's retirement as the Company's Chief Legal Officer, Chief Compliance Officer and Corporate Secretary, effective immediately. During his seven years at Canadian Solar, Mr. Zhang championed business integrity and led our legal team to excellence in complex matters in Canadian Solar's markets. Mr. Zhang has been succeeded in his roles by Mr. Kah Locke Tham as Corporate Secretary, and Mr. Jeffrey Kalikow as Interim Chief Compliance Officer until a successor is appointed. Mr. Tham is currently also the Company's Global Corporate Controller, and Mr. Kaliko
GUELPH, ON, June 28, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), today announced that it held its Annual Meeting of Shareholders on June 28, 2023. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: 1. The election of Dr. Shawn (Xiaohua) Qu, Dr. Harry E. Ruda, Mr. Andrew (Luen Cheung) Wong, Mr. Lap Tat Arthur Wong, Ms. Lauren C. Templeton, Mr. Leslie Li Hsien Chang, Mr. Yan Zhuang and Dr. Huifeng Chang each as a director of the Company until the next annual meeting of shareholders of the Company or until their successors are elected or appointed; 2. The re-appointment of Deloitte Tou
GUELPH, Ontario, June 22, 2022 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), today announced that it held its Annual and Special Meeting of Shareholders on June 22, 2022. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: 1. The election of Dr. Shawn (Xiaohua) Qu, Dr. Harry E. Ruda, Mr. Andrew (Luen Cheung) Wong, Mr. Lap Tat Arthur Wong, Ms. Lauren C. Templeton, Mr. Karl E. Olsoni, Mr. Leslie Li Hsien Chang, Mr. Yan Zhuang and Dr. Huifeng Chang each as a director of the Company until the next annual meeting of shareholders of the Company or until their successors are elected or appointe
TORONTO, May 17, 2022 /PRNewswire/ - Westbridge Energy Corporation (TSXV:WEB) (OTCQB:WEGYF) (FRA: PUQ3) ("Westbridge" or the "Company") is pleased to announce the appointment of Mr. Pandelis Vassilakakis to the role of Chief Business Development Officer to oversee the expansion of its solar PV portfolio. Westbridge currently has projects in Canada, the United States and the United Kingdom. Mr. Vassilakakis' track record in the renewable energy industry includes developing and building over 5 GW of solar PV and wind farms over the span of his 17-year career. Mr. Vassilakakis se
GUELPH, Ontario, June 23, 2021 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), today announced that it held its Annual Meeting of Shareholders on June 23, 2021. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: The setting of the number of directors to hold office of the Company for the ensuing year at nine (9); The election of Dr. Shawn (Xiaohua) Qu, Dr. Harry E. Ruda, Mr. Andrew (Luen Cheung) Wong, Mr. Arthur (Lap Tat) Wong, Ms. Lauren C. Templeton, Mr. Karl E. Olsoni, Mr. Leslie (Li Hsien) Chang, Mr. Yan Zhuang and Dr. Huifeng Chang each as a director of the Company until the next annual
GUELPH, Ontario, June 23, 2021 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), today announced that it held its Annual Meeting of Shareholders on June 23, 2021. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: The setting of the number of directors to hold office of the Company for the ensuing year at nine (9); The election of Dr. Shawn (Xiaohua) Qu, Dr. Harry E. Ruda, Mr. Andrew (Luen Cheung) Wong, Mr. Arthur (Lap Tat) Wong, Ms. Lauren C. Templeton, Mr. Karl E. Olsoni, Mr. Leslie (Li Hsien) Chang, Mr. Yan Zhuang and Dr. Huifeng Chang each as a director of the Company until the next annual
SC 13G/A - Canadian Solar Inc. (0001375877) (Subject)
SC 13G/A - Canadian Solar Inc. (0001375877) (Subject)
SC 13G/A - Canadian Solar Inc. (0001375877) (Subject)
SC 13G - Canadian Solar Inc. (0001375877) (Subject)
SC 13G/A - Canadian Solar Inc. (0001375877) (Subject)
SC 13G - Canadian Solar Inc. (0001375877) (Subject)
SC 13G/A - Canadian Solar Inc. (0001375877) (Subject)
SC 13G - Canadian Solar Inc. (0001375877) (Subject)
SC 13G/A - Canadian Solar Inc. (0001375877) (Subject)
SC 13G - Canadian Solar Inc. (0001375877) (Subject)
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., December 5, 2024, in Hong Kong) to discuss the Company's third quarter 2024 results and business outlook. The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), +852 800 965 561 (from Hong Kong), +86 400 120 2840 (local dial-in from Mainland China) or +1-201-389-0920 from international locations. The conference ID is 13750071. A live webcast of the conference call will also be available on the investor relations section
GUELPH, ON, July 23, 2024 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ:CSIQ) today announced that it will hold a conference call on Thursday, August 22, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m., August 22, 2024, in Hong Kong) to discuss the Company's second quarter 2024 results and business outlook. The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), +852 800 965 561 (from Hong Kong), +86 400 120 2840 (local dial-in from Mainland China) or +1-201-389-0920 from international locations. The conference ID is 13747972. A live webcast of the conference call will also be available on the investor relations section
GUELPH, ON, May 9, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ:CSIQ) today announced financial results for the first quarter ended March 31, 2024. Highlights Solar module shipments of 6.3 GW, in line with guidance of 6.1 GW to 6.4 GW.Net revenues of $1.3 billion, in line with guidance of $1.2 billion to $1.4 billion.19.0% gross margin, at the high end of 17% to 19% guidance range.Net income attributable to Canadian Solar of $12 million or $0.19 per diluted share.Record quarterly delivery by e-STORAGE, with revenue topping the total of 2023.Appointment of Mr. Xinbo Zhu as Senior Vice President and Chief Financial Officer, effective May 15, 2024. Most
GUELPH, ON, April 16, 2024 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ:CSIQ) today announced that it will hold a conference call on Thursday, May 9, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m., May 9, 2024, in Hong Kong) to discuss the Company's first quarter 2024 results and business outlook. The dial-in phone number for the live audio call is +1-800-717-1738 (toll-free from the U.S.), +852 5808 0636 (from Hong Kong), +86 010 8783 3254 (local dial-in from Mainland China) or +1-646-307-1865 from international locations. The conference ID is 60603. A live webcast of the conference call will also be available on the investor relations section of Canadian
GUELPH, ON, Feb. 14, 2024 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ:CSIQ) today announced that it will hold a conference call on Thursday, March 14, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m., March 14, 2024, in Hong Kong) to discuss the Company's fourth quarter and full year 2023 results and business outlook. The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), 800 965 561 (from Hong Kong), +86 400 120 2840 (local dial-in from Mainland China) or +1-201-389-0920 from international locations. The conference ID is 13744234. A live webcast of the conference call will also be available on the investor relations s
GUELPH, ON, July 26, 2023 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ:CSIQ) today announced that it will hold a conference call on Tuesday, August 22, 2023, at 8:00 a.m. U.S. Eastern Daylight Time (8:00 p.m., August 22, 2023, in Hong Kong) to discuss the Company's second quarter 2023 results and business outlook. The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), 800-965-561 (toll-free from Hong Kong), 400-120-2840 (local dial-in from Mainland China) or +1-201-389-0920 from international locations. The conference ID is 13740376. A live webcast of the conference call will also be available on the investor relations
GUELPH, ON, May 18, 2023 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ:CSIQ) today announced financial results for the first quarter ended March 31, 2023. Highlights 66% increase in solar module shipments year-over-year ("yoy") to 6.1 GW, in line with guidance of 5.9 GW to 6.2 GW.36% increase in revenue yoy to $1.7 billion, in line with guidance of $1.6 billion to $1.8 billion.18.7% gross margin, in line with guidance of 18% to 20%.Net income attributable to Canadian Solar of $84 million or $1.19 per diluted share.25 GWp of solar development pipeline and 47 GWh of battery storage development pipeline, as of March 31, 2023 (Recurrent Energy, formerly Global E
GUELPH, ON, April 24, 2023 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ:CSIQ) today announced that it will hold a conference call on Thursday, May 18, 2023, at 8:00 a.m. U.S. Eastern Daylight Time (8:00 p.m., May 18, 2023, in Hong Kong) to discuss the Company's first quarter 2023 results and business outlook. The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), 800-965-561 (toll-free from Hong Kong), 400-120-2840 (local dial-in from Mainland China) or +1-201-389-0920 from international locations. The conference ID is 13738337. A live webcast of the conference call will also be available on the investor relations secti
GUELPH, ON, March 21, 2023 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ:CSIQ) today announced financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Highlights 68% increase in solar module shipments year-over-year ("yoy") to 6.4 GW, above guidance range of 6.0 GW to 6.3 GW.29% increase in revenue yoy to $1.97 billion, above guidance range of $1.8 billion to $1.9 billion.17.7% gross margin at the high end of guidance range of 16% to 18%.Net income attributable to Canadian Solar of $78 million or $1.11 per diluted share. Full Year 2022 Highlights Record revenues of $7.47 billion, a 42% increase yoy.Record net inco
GUELPH, ON, Feb. 24, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today preannounced selective preliminary unaudited results for the fourth quarter of 2022 and its preliminary business outlook for the first quarter of 2023. For the fourth quarter of 2022, Canadian Solar expects total module shipments recognized as revenues by CSI Solar to be approximately 6.4 GW, exceeding the guidance range of 6.0 GW to 6.3 GW. Canadian Solar's total revenues are expected to be approximately $1.97 billion, exceeding the guidance range of $1.8 billion to $1.9 billion. Gross margin is expected to be approximately 17.7%, towards the upper end of the guidance range
6-K - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
SD - Canadian Solar Inc. (0001375877) (Filer)
Goldman downgraded Canadian Solar from Neutral to Sell and set a new price target of $11.00 from $14.00 previously
Mizuho initiated coverage of Canadian Solar with a rating of Outperform and set a new price target of $20.00
Jefferies initiated coverage of Canadian Solar with a rating of Buy and set a new price target of $14.15
Citigroup downgraded Canadian Solar from Neutral to Sell and set a new price target of $11.00 from $19.00 previously
Oppenheimer reiterated coverage of Canadian Solar with a rating of Outperform and set a new price target of $27.00 from $43.00 previously
Daiwa Securities initiated coverage of Canadian Solar with a rating of Neutral and set a new price target of $21.00
Goldman upgraded Canadian Solar from Sell to Neutral and set a new price target of $25.00
JP Morgan downgraded Canadian Solar from Neutral to Underweight and set a new price target of $22.00 from $32.00 previously
UBS upgraded Canadian Solar from Neutral to Buy
Citigroup downgraded Canadian Solar from Buy to Neutral and set a new price target of $44.00 from $45.00 previously