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Dynamic quotes 
OFFON

CANADIAN SOLAR INC.

(CSIQ)
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Canadian Solar Inc. : Back on a long term support level

07/21/2021 | 10:29am EDT
long trade
Live
Entry price : 39.99$ | Target : 50$ | Stop-loss : 35$ | Potential : 25.03%
Shares in Canadian Solar Inc. are currently testing the support level at 28.42 USD on the weekly chart. Investors should regard the recent downward movement as an opportunity to go long the stock.
Investors have an opportunity to buy the stock and target the $ 50.
Canadian Solar Inc. : Canadian Solar Inc. : Back on a long term support level
Summary
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

Strengths
  • Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by 102% by 2023.
  • The stock, which is currently worth 2021 to 0.61 times its sales, is clearly overvalued in comparison with peers.
  • The company appears to be poorly valued given its net asset value.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
  • Consensus analysts have strongly revised their opinion of the company over the past 12 months.
  • The group usually releases upbeat results with huge surprise rates.

Weaknesses
  • The company's profitability before interest, taxes, depreciation and amortization characterizes fragile margins.
  • The company does not generate enough profits, which is an alarming weak point.
  • For the past year, analysts have significantly revised downwards their profit estimates.
  • For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
  • The overall consensus opinion of analysts has deteriorated sharply over the past four months.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
Ratings chart
Subsector Photovoltaic Solar Systems & Equipment
1st jan.Capitalization (M$)Investor Rating
CANADIAN SOLAR INC.-22.19%2 496
TONGWEI CO., LTD.19.02%31 829
ENPHASE ENERGY, INC.9.77%25 931
SOLAREDGE TECHNOLOGIES, INC..-6.05%15 669
FLAT GLASS GROUP CO., LTD.13.32%14 115
JA SOLAR TECHNOLOGY CO., LT..38.92%13 974
TRINA SOLAR CO., LTD76.98%13 095
-
SUNRUN INC.-22.76%10 929
HANWHA SOLUTIONS CORPORATIO..-19.73%6 426
GCL-POLY ENERGY HOLDINGS LI..60.98%6 380
ARCTECH SOLAR HOLDING CO., ..25.79%4 505
More Results

ę MarketScreener.com 2021

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2021 5 924 M - -
Net income 2021 115 M - -
Net Debt 2021 1 333 M - -
P/E ratio 2021 24,5x
Yield 2021 -
Capitalization 2 496 M 2 496 M -
EV / Sales 2021 0,65x
EV / Sales 2022 0,58x
Nbr of Employees 12 774
Free-Float 76,7%
Upcoming event on CANADIAN SOLAR INC.
08/12/21
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 41,60 $
Average target price 50,67 $
Spread / Average Target 21,8%
EPS Revisions
Managers and Directors
Shawn Qu Chairman & Chief Executive Officer
Hui Feng Chang Chief Financial Officer, Director & Senior VP
Jian Yi Zhang Chief Compliance Officer, SVP & General Counsel
Harry E. Ruda Independent Director
Luen Cheung Wong Independent Director