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Canadian Solar (CSIQ)

(Delayed Data from NSDQ)

$15.15 USD

15.15
1,445,029

+0.65 (4.48%)

Updated Apr 26, 2024 03:59 PM ET

After-Market: $15.22 +0.07 (0.46%) 5:52 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

A Value A Growth C Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 35% (165 out of 252)

Industry: Solar

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Balance Sheet

Research for CSIQ

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Canadian Solar Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 2,948 1,977 1,438 1,660 1,201
Receivables 1,210 1,236 888 546 592
Notes Receivable NA 0 0 0 0
Inventories 1,180 1,524 1,192 696 554
Other Current Assets 758 907 1,254 1,284 906
Total Current Assets 6,095 5,645 4,772 4,186 3,253
Net Property & Equipment 4,040 2,191 1,510 1,316 1,099
Investments & Advances 369 181 133 175 194
Other Non-Current Assets NA 0 0 0 0
Deferred Charges 263 229 237 171 154
Intangibles 20 18 19 85 23
Deposits & Other Assets 871 670 683 577 707
Total Assets 11,896 9,037 7,388 6,537 5,467
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 1,805 1,493 881 1,913 545
Accounts Payable 814 805 503 515 586
Current Portion Long-Term Debt 878 1,444 1,593 199 1,219
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities 2,347 1,506 1,049 947 723
Total Current Liabilities 5,864 5,259 4,038 3,588 3,092
Mortgages NA 0 0 0 0
Deferred Taxes/Income 83 67 48 49 56
Convertible Debt 389 226 225 223 0
Long-Term Debt 1,266 813 524 446 619
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 471 340 404 324 253
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities 8,191 6,730 5,262 4,644 4,042
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock NA 0 0 0 0
Common Stock (Par) 836 836 836 687 704
Capital Surplus 293 1 -19 -28 17
Retained Earnings 1,550 1,276 1,036 940 794
Other Equity 1,027 195 275 294 -78
Treasury Stock NA 0 0 0 12
Total Shareholder's Equity 3,705 2,307 2,126 1,893 1,425
Total Liabilities & Shareholder's Equity 11,896 9,037 7,388 6,537 5,467
Total Common Equity 103,704 2,307 2,126 1,893 1,425
Shares Outstanding 64.50 64.10 64.00 59.80 59.30
Book Value Per Share 1,607.82 35.99 33.23 31.65 24.03

Fiscal Year End for Canadian Solar Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 2,948 2,996 3,253 2,063
Receivables NA 1,210 1,300 1,589 1,303
Notes Receivable NA NA 0 0 0
Inventories NA 1,180 1,432 1,532 1,672
Other Current Assets NA 758 902 942 1,010
Total Current Assets NA 6,095 6,631 7,317 6,047
Net Property & Equipment NA 4,040 3,256 2,613 2,458
Investments & Advances NA 369 302 300 210
Other Non-Current Assets NA NA 0 0 0
Deferred Charges NA 263 266 219 227
Intangibles NA 20 14 14 15
Deposits & Other Assets NA 871 728 589 718
Total Assets NA 11,896 11,400 11,199 9,829
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 1,805 1,269 1,704 1,620
Accounts Payable NA 814 919 771 798
Current Portion Long-Term Debt NA 878 1,706 1,899 1,762
Current Portion Capital Leases NA NA 0 0 0
Accrued Expenses NA NA 0 0 0
Income Taxes Payable NA NA 0 0 0
Other Current Liabilities NA 2,347 1,804 1,619 1,625
Total Current Liabilities NA 5,864 5,713 6,002 5,815
Mortgages NA NA 0 0 0
Deferred Taxes/Income NA 83 68 68 68
Convertible Debt NA 389 382 227 226
Long-Term Debt NA 1,266 1,072 1,014 863
Non-Current Capital Leases NA NA 0 0 0
Other Non-Current Liabilities NA 454 370 350
Minority Interest (Liabilities) NA NA 0 0 0
Total Liabilities NA 8,191 7,779 7,757 7,395
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA NA 0 0 0
Common Stock (Par) NA 836 836 836 836
Capital Surplus NA 293 287 242 3
Retained Earnings NA 1,550 1,551 1,529 1,359
Other Equity NA 1,027 948 835 237
Treasury Stock NA NA 0 0 0
Total Shareholder's Equity NA 3,705 3,621 3,441 2,434
Total Liabilities & Shareholder's Equity NA 11,896 11,400 11,199 9,829
Total Common Equity 0 103,704 3,621 3,441 2,434
Shares Outstanding 64.50 64.50 64.50 65.50 64.10
Book Value Per Share 0.00 1,607.82 56.15 52.54 37.97