Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Canadian Solar

Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules and provides solar energy solutions. It operates through the Module and System Solutions (MSS) and Energy segments. The MSS segment involves in the design, development, manufacture, and sales of solar power products and solar system kits, and operation and maintenance services. The Energy segment comprises primarily of the development and sale of solar projects, operating solar power projects and the sale of electricity. The company was founded by Shawn Qu in October 2001 and is headquartered in Guelph, Canada.

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Canadian Solar achieves record revenue in Q4 2022, eyes strategic expansion

Canadian Solar's Q4 2022 performance reflects strong financial growth and operational excellence, driven by increased shipments and revenue.
The company's strategic strengths lie in cost control, expansion initiatives, and innovative product offerings, positioning it for future success.
While facing challenges such as market volatility and rising costs, Canadian Solar can leverage opportunities in fundraising, market expansion, and product innovation.
Overall, Canadian Solar's focus on profitability, technology advancements, and strategic growth initiatives sets a positive trajectory for future success.

Canadian Solar excels in Q1 2023, eyes growth and sustainability

Canadian Solar had a stellar Q1 performance, exceeding revenue expectations and improving margins.
The company is committed to sustainability, growth, and profitability in the solar energy sector.
Despite supply chain challenges, Canadian Solar remains optimistic about the future.
Investors can expect continued focus on innovation, project expansion, and financial strength.

Canadian Solar achieves record Q2 performance and outlines strong Q3 guidance

Canadian Solar delivered robust financial performance in Q2 2023, driven by record module shipments and revenue growth. Strategic initiatives like the IPO and expansion into Texas position the company for future success. Despite challenges in gross margins and debt levels, opportunities in renewable energy projects and strong Q3 guidance offer growth prospects.

Canadian Solar reports strong Q3 results, eyes long-term growth

Canadian Solar and CSI Solar posted solid Q3 results, focusing on market expansions and technology investments for future growth.
Recurrent Energy is shifting towards holding assets longer to enhance their value and capitalize on strategic portfolio sales.
Challenges include margin expectations for Q4, interest rate impacts, and securing desired PPAs in a competitive market.
Opportunities lie in the battery energy storage sector, strategic investments, and transitioning to a dividend home model for stable cash flows.

Canadian Solar reports record-breaking Q4 results and eyes future growth

Canadian Solar delivered exceptional performance in Q4 2023, exceeding guidance and achieving record results across key metrics.
The company's strategic focus on solar and battery energy storage, backed by investments and technology transitions, positions it for sustainable growth.
While facing pricing challenges and regulatory compliance, Canadian Solar is leveraging market opportunities and aiming to enhance shareholder value.
Anticipated revenue growth, margin improvements, and expansion into new technologies highlight Canadian Solar's positive outlook for 2024 and beyond.

Canadian Solar excels in Q1 2024, eyes growth amidst challenges

Canadian Solar's Q1 2024 earnings call showcased strong financial performance, a focus on profitable growth, and strategic initiatives to navigate industry challenges. The company's emphasis on ESG practices and innovation positions it well for future growth and sustainability.

Canadian Solar excels in Q2, eyes energy storage growth

Canadian Solar's Q2 2024 earnings call showcased robust performance, strategic focus on energy storage, and a commitment to sustainability. Despite challenges in pricing and margins, the company is poised for growth with opportunities in the e-STORAGE business and expansion of project pipelines.

Canadian Solar reports robust Q3 performance and outlines ambitious growth plans

Canadian Solar's Q3 performance reflects strong growth and ambitious targets for 2025, underpinned by strategic investments and a focus on market leadership.
While facing challenges from intense competition and market dynamics, the company's strengths in innovation, market presence, and product quality position them well for future growth.
With opportunities in expanding energy applications and American manufacturing investments, Canadian Solar is poised to capitalize on the renewable energy market's growth potential and navigate industry challenges effectively.

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Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules, provision of solar energy and battery storage solutions, and development of utility-scale solar and battery storage products. It operates through the CSI Solar and Global Energy segments. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. The Global Energy segment includes solar and battery storage project development and sale, asset management services for operational projects, sale of electricity, and investment in retained assets. The company was founded by Shawn Qu in October 2001 and is headquartered in Guelph, Canada.

CSIQ commands 5% of Utility Scale PV Installation market share in the US, with a growing solar and battery energy storage pipeline. Despite the impacted ASPs and polysilicon supply glut in China, the company continues to report robust top/ bottom-line performance, with FY2025 bringing forth further improvement. With the IEA till expecting solar PVs to comprise the lion's share of renewable energy capacity additions through 2028, we believe that CSIQ's expanded capacity remains highly strategic.

Canadian Solar: Oversold Here - Compelling Value And Growth Investment Thesis

Array Technologies

First Solar

Undervalued solar stocks are quality investments as they are tapping a market expected to grow 7.3% yearly until 2029. In 2023, solar energy generated 5.6% of U.S. power, up from 4.8% a year earlier; California has the most solar power, 27.3%.

The 3 Most Undervalued Solar Stocks to Buy in July 2024

Indivior PLC

CSIQ, FMC and INDV have been added to the Zacks Rank #5 (Strong Sell) List on July 12, 2024.

New Strong Sell Stocks for July 12th

Sunrun

Undervalued renewable energy stocks are in the spotlight amid a shift in the global energy mix. The renewable energy industry is forecast to grow 16.8% annually until 2031, illustrating its systematic potential.

The 3 Most Undervalued Renewable Energy Stocks to Buy in July 2024

Canadian Solar's (CSIQ) business unit, e-STORAGE, is set to provide 498 MWh DC of battery storage solutions for Aypa Power's Texas Bypass Project.

Canadian Solar (CSIQ) to Supply 498 MWh Battery Storage in Texas

GUELPH, ON, July 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 that it has signed a 10-year Power Purchase Agreement (PPA)  with GKN Automotive, the global leader in drive systems. This agreement will allow for the annual production of approximately 200 GWh of renewable electricity and marks GKN Automotive's first renewable energy PPA in Europe.

Recurrent Energy Signs PPA with GKN Automotive for 115 MWp Rey I Project in Spain

GUELPH, ON , July 9, 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 contract from Aypa Power ("Aypa") to deliver a 498 MWh DC standalone battery energy storage system for Aypa's Bypass Project.

Canadian Solar's e-STORAGE to Deliver 498 MWh DC of Battery Storage Solutions for Aypa Power's Bypass Project in Texas

GUELPH, ON , July 8, 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 contract from Nova Scotia Power to develop flagship energy storage projects across three locations in Nova Scotia, Canada: Bridgewater, Waverley, and White Rock.

Canadian Solar's e-STORAGE to Deliver Nova Scotia's First Grid-Scale Battery Energy Storage Facilities

NextEra Energy

The top solar stocks could be in for quite a bright future as they continue to supply various power producers with the equipment to meet the growing demand for sustainable energy. Undoubtedly, the artificial intelligence (AI) revolution and the rise of electric vehicles (EVs) stand out as two notable tailwinds that could bring forth more demand for solar power.

The 3 Best Solar Stocks to Buy in July 2024

Canadian Solar's Q1 performance has been positive, with better-than-expected results. We believe the company is expected to benefit from increased energy consumption requirements due to AI technology and data center growth. CSIQ remains a buy recommendation thanks to CSI Solar's equity stake and a focus on profitability over volume.

Canadian Solar: High-Risk Reward Investment

Solar energy is likely to be an integral part of the energy grid in the future. However, solar stocks have not had the best performance over the past 12 months.

The 3 Smartest Solar Stocks to Buy With $1K Right Now

Plug Power

Renewable energy stocks might not be among the best performers in the recent past. However, there is no doubt that the sector will continue to grow beyond the current decade.

3 Undervalued Renewable Energy Stocks to Buy for 100% Returns in 12 Months

The 160 MW North Fork Solar Project is now in operation, supplying power to the Oklahoma Municipal Power Authority GUELPH, ON , June 27, 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 a $103 million tax credit facilitation agreement with Bank of America for its North Fork Solar Project ("North Folk Solar"). The 160 MW solar project, located southwest of Oklahoma City, is now operational.

Recurrent Energy Closes $103 Million Tax Credit Transfer Agreement with Bank of America for North Fork Solar Project

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.

Canadian Solar Inc. Announces Results of 2024 Annual Meeting of Shareholders

Papago Storage, the largest energy storage project in Arizona, holds a 20-year tolling agreement with Arizona Public Service Company. GUELPH, ON , June 20, 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, today announced it has secured $513 million in project financing for its landmark Papago Storage project located in Maricopa County, Arizona.

Recurrent Energy Closes $513 Million in Financing for 1,200 MWh Energy Storage Project in Arizona

GUELPH, ON , June 20, 2024 /PRNewswire/ -- Canadian Solar Inc . (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has entered into a partnership agreement with leading renewable energy supplier Lifestyle Solar Inc. ("Lifestyle Solar") to provide solar and energy storage solutions to homebuilders in California.

Canadian Solar Partners with Lifestyle Solar to Deliver Residential Solar and Energy Storage Solutions to California Homebuilders

GUELPH, ON , June 18, 2024 /PRNewswire/ -- Canadian Solar Inc . (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it will present the new three-phase EP Cube and EP Cube Twin Peak at Intersolar in Munich, Germany, on June 19-21, 2024.

Canadian Solar to Present New EP Cube, Showcasing Advanced Safety, at Intersolar in Munich

GUELPH, ON , June 17, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that its first portfolio of Japan's feed-in premium (FIP) PV projects began commercial operation on June 1, 2024. The projects that have reached commercial operation include a 1.2 MWp project in Tsukuba City, Ibaraki Prefecture and a 1.9 MWp project in Daisen Town, Tottori Prefecture.

Canadian Solar Announces Operation of First FIP Projects in Japan and PPA Signing with Toyota Tsusho

Some of the best solar stocks to buy might not have performed well in the last 12 to 18 months. However, the industry will undoubtedly continue to grow at a steady pace beyond the current decade.

The 3 Best Solar Stocks to Buy in June 2024

GUELPH, ON , June 13, 2024 /PRNewswire/ -- Canadian Solar Inc . (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has entered into an agreement with U.S. homebuilder D.R.

D.R. Horton Offers Canadian Solar PV Panels and Residential Batteries to Power California Communities

GUELPH, ON , June 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 inauguration of the 446 MWp / 360 MWac Marangatu Solar Complex in Brasileira, Brazil. SPIC owns 70% of the project, while Recurrent Energy owns the remaining 30%.

Recurrent Energy and SPIC Inaugurate 446 MWp Solar Complex in Brazil

SoFi Technologies

A high-growth fintech superstar and a deeply discounted global solar giant.

2 Top Stocks to Buy on the Dip Before They Skyrocket

JinkoSolar Holding

The solar energy market is growing rapidly due to a variety of factors. These include improved solar cell efficiency, continued research into the betterment of solar panels and decreasing costs of panel installation.

The 2027 Millionaire's Club: 3 Solar Stocks to Buy Now

NEW YORK and GUELPH, ON , June 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 initial closing and funding of an investment in Recurrent Energy's platform by BlackRock through a fund managed by its Climate Infrastructure business ("BlackRock"). The initial closing of the transaction, first announced in January 2024, was contingent on requisite regulatory approvals and other conditions, which have now been met.

Recurrent Energy Announces Initial Closing of Investment from BlackRock

GUELPH, ON , May 31, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced the release of its 2023 Sustainability Report. This report showcases the Company's ongoing progress and achievements in its environmental, social, and governance (ESG) initiatives.

News for Canadian Solar Stock (CSIQ)