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/CSIQ
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Canadian Solar Inc

Canadian Solar Inc

CSIQ
$14.95USD↑+1.42%+0.21 today

MARKET CAP

1.0B

P/E (TTM)

—

FWD P/E

18.9x

DAY RANGE

$14 – $15

52W RANGE

$9
$35

AI Summary

Stalk
TrimMedium

CSIQ remains in a Stage 4 decline with a clear lower-high/lower-low sequence trading below declining EMAs. Medium-term bias is bearish, reinforced by an active Lower Highs & Lower Lows pattern, while short-term conditions are oversold and price is under the 9/21 EMA band, making immediate selling unfavorable. We will defer trimming into rallies toward the falling EMA zone for continuation participation.

  • ↑Q1 revenue $1.1B; 2.5GW modules delivered, exceeding guidance
  • ↑$1.3B U.S. CapEx to start domestic module production in July
  • ↓Q1 net loss $32M from elevated costs and FX losses
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Canadian Solar Inc. (NASDAQ: CSIQ) is a leading global provider of solar energy solutions, focusing on the manufacturing of solar modules and energy storage systems. The company is strategically positioned within the renewable energy sector, and its recent initiatives include enhancing manufacturing capabilities in the U.S. in response to increasing domestic demand for energy solutions amidst evolving geopolitical dynamics. With a significant pivot towards integrated solar and storage products, Canadian Solar emphasizes innovation and sustainability, strengthening its competitive position in the fast-growing green energy marketplace.

Bull says

  • ↑Q1 revenue $1.1B; 2.5GW modules delivered, exceeding guidance
  • ↑$1.3B U.S. CapEx to start domestic module production in July
  • ↑2.1GW energy storage shipped in Q1; $3.5B backlog underpins demand
  • ↑HJT cells command 10–15% premium pricing versus legacy panels
  • ↑25.1% gross margin despite tariff refunds, showing strong pricing power
  • ↑1.53% dividend yield and solid liquidity support ongoing operations

Bear says

  • ↓Q1 net loss $32M from elevated costs and FX losses
  • ↓$6.4B debt heightens leverage risk and balance sheet strain
  • ↓Regulatory uncertainty around OBBA may delay projects, increase costs
  • ↓Upstream cost inflation not fully absorbed, compressing gross margins
  • ↓Lowered Q2 shipment guidance favors margins over market share
  • ↓High short interest and negative earnings yield signal bearish sentiment

Investment themes with CSIQ

Clean Energy↓ -0.41%

Renewable energy sources and technologies

BE · NXT · FSLR
Solar↑ +0.02%

Solar energy producers and related technologies

FSLR · NXT · ENPH

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-14-2026neutral

Transcript signals

Bull points

  • We recognized revenue of 2.5 gigawatts of solar modules and 2.1 gigawatt hours of energy storage solution, both of which exceeded our guidance range.
  • Revenue totaled $1.1 billion, reaching the high end of our expectations.
  • Gross margin of 25.1% outperformed our forecast, aided by the accrual of IPA tariff refunds.

Bear points

  • This led to a net loss attributable to shareholders of $32 million, or $0.71 per diluted shares.
  • The solar downturn has lasted longer than expected.
  • Total net loss attributable to Canadian solar was $32 million or 71 cents per diluted share.
Read full transcript analysis ›