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Canadian Solar Inc. (CSIQ)

(Delayed Data from NSDQ)

$38.11 USD

38.11
1,650,266

+0.73 (1.95%)

Updated May 11, 2021 04:00 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 Buy25.41%
2Buy19.02%
3Hold10.72%
4Sell6.46%
5Strong Sell3.06%
S&P50011.04%

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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.

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A Value C 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 10% (228 out of 254)

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.

12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Assets          
Cash & Equivalents 1,660 1,201 930 1,196 1,011
Receivables 546 592 622 480 478
Notes Receivable 0 0 0 0 0
Inventories 696 554 262 346 295
Other Current Assets 1,284 906 1,260 2,064 2,006
Total Current Assets 4,186 3,253 3,074 4,085 3,791
Net Property & Equipment 1,316 1,099 940 811 574
Investments & Advances 175 194 178 463 438
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 171 154 121 132 230
Intangibles 85 23 82 17 16
Deposits & Other Assets 577 707 498 381 357
Total Assets 6,537 5,467 4,893 5,890 5,407
Liabilities & Shareholders Equity 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Notes Payable 1,913 545 370 573 428
Accounts Payable 515 586 379 403 440
Current Portion Long-Term Debt 199 1,219 1,421 1,958 1,600
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 947 723 778 1,175 1,253
Total Current Liabilities 3,588 3,092 2,948 4,108 3,721
Mortgages 0 0 0 0 0
Deferred Taxes/Income 49 56 36 0 23
Convertible Debt 223 0 0 126 126
Long-Term Debt 446 619 394 404 493
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 324 253 242 191 144
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 4,644 4,042 3,620 4,830 4,507
Shareholders Equity 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Preferred Stock 0 0 0 0 0
Common Stock (Par) 687 704 703 702 701
Capital Surplus -28 17 11 0 -9
Retained Earnings 940 794 622 384 284
Other Equity 294 -78 -63 -26 -77
Treasury Stock 0 12 0 0 0
Total Shareholder's Equity 1,893 1,425 1,273 1,060 899
Total Liabilities & Shareholder's Equity 6,537 5,467 4,893 5,890 5,407
Total Common Equity 1,893 1,425 1,273 1,060 899
Shares Outstanding 59.80 59.30 58.00 58.00 57.70
Book Value Per Share 31.65 24.03 21.95 18.27 15.59

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

All items in Millions except Per Share data.

3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Assets          
Cash & Equivalents NA 1,660 1,568 984 1,141
Receivables NA 546 623 565 523
Notes Receivable NA 0 0 0 0
Inventories NA 696 625 547 632
Other Current Assets NA 1,284 1,106 1,101 1,016
Total Current Assets NA 4,186 3,921 3,196 3,313
Net Property & Equipment NA 1,316 1,076 1,020 1,028
Investments & Advances NA 175 137 121 110
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 171 148 136 138
Intangibles NA 85 86 22 81
Deposits & Other Assets NA 577 795 733 612
Total Assets NA 6,537 6,193 5,259 5,316
Liabilities & Shareholders Equity 3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Notes Payable NA 1,913 606 472 503
Accounts Payable NA 515 497 461 545
Current Portion Long-Term Debt NA 199 1,304 1,196 1,093
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 NA 947 747 645 675
Total Current Liabilities NA 3,588 3,170 2,791 2,833
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 49 57 55 54
Convertible Debt NA 223 223 0 0
Long-Term Debt NA 446 624 580 666
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 290 268 252
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 4,644 4,377 3,710 3,823
Shareholders Equity 3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 687 687 686 686
Capital Surplus NA -28 -32 23 19
Retained Earnings NA 940 934 925 904
Other Equity NA 294 227 -85 -116
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 1,893 1,816 1,549 1,493
Total Liabilities & Shareholder's Equity NA 6,537 6,193 5,259 5,316
Total Common Equity 0 1,893 1,816 1,549 1,493
Shares Outstanding 59.80 59.80 59.30 59.30 59.30
Book Value Per Share 0.00 31.65 30.62 26.12 25.18