Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

CANADIAN SOLAR INC.

(CSIQ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. solar stocks rise on Biden's clean energy focus in pre-election debate

10/23/2020 | 08:49am EDT
Solar panels are seen next to a Southern California Edison electricity station in Carson

(Reuters) - U.S. solar stocks rose on Friday after U.S. Democratic presidential candidate Joe Biden said in the final pre-election debate on Thursday night that if elected he plans to transition to a more climate-friendly economy.

Shares of Renesola Ltd, Jinkosolar Holding Co Ltd, Canadian Solar Inc and SunPower Corp were up between 2% and 3% in premarket trading.

Biden and President Donald Trump were asked at their matchup in Nashville, Tennessee, what they would do to combat climate change - the first time in a presidential debate they were not asked if they believed in it or not.

Biden said the country should eventually replace oil with solar, wind and other forms of non-polluting power.

"I would transition from the oil industry," Biden said, adding his plan for a more climate-friendly economy would create high-paying jobs and boost U.S. businesses.

Shares of oil companies were broadly unchanged as U.S. crude ticked up 0.4% to $40.79 with demand concerns raised by surging coronavirus cases in the United States and Europe being offset by the prospect of an extension to OPEC-led supply curbs.

After the debate, Biden told reporters, "We're not getting rid of fossil fuels."

"We're getting of the subsidies for fossil fuels. But we're not getting rid of fossil fuels for a long time...they're not going to lose their jobs. Besides, a lot more jobs are going to be created in other alternatives."

Trump, during the debate, cited a federal program to plant trees and a drop in carbon emissions to say he loves the environment, but added he was not willing to harm businesses.

He accused Biden of planning to ban hydraulic fracturing, a process of extracting oil and natural gas from shale that is opposed by many environmentalists. Biden, however, said he would ban fracking on federal land only.

(Reporting by Arunima Kumar in Bengaluru; Editing by Arun Koyyur)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN SOLAR INC. -5.24% 38.14 Delayed Quote.-25.57%
ENERGY FOCUS, INC. -9.64% 4.03 Delayed Quote.0.00%
FIRST SOLAR, INC. -3.10% 76.17 Delayed Quote.-23.00%
LONDON BRENT OIL -0.13% 74.14 Delayed Quote.40.72%
SUNPOWER CORPORATION -7.76% 24.02 Delayed Quote.-6.32%
SUNPOWER GROUP LTD. -1.23% 0.805 End-of-day quote.0.63%
WTI -0.21% 72.237 Delayed Quote.47.25%
All news about CANADIAN SOLAR INC.
06/09Global supply chain squeeze, soaring costs threaten solar energy boom
RE
05/27SECTOR UPDATE : Techs on Defensive Despite Strength in Semis
MT
05/27CANADIAN SOLARá : Plans At-the-Market Offering of Common Shares
MT
05/27CANADIAN SOLARá : Announces At-the-Market Offering of Common Shares (Form 6-K)
PU
05/27CANADIAN SOLARá : Exhibit 99.1—Canadian Solar First Quarter 2021 Results a..
PU
05/27CANADIAN SOLARá : Announces At-the-Market Offering of Common Shares
PR
05/27CANADIAN SOLARá : Form 6-K (Form 6-K)
PU
05/26CANADIAN SOLARá : Investor Presentation - May 2021
PU
05/25CANADIAN SOLARá : Citigroup Adjusts Canadian Solar's Price Target to $58 from $6..
MT
05/25Canadian Solar Infrastructure Says Eight Plants Affected By Kyushu Electric's..
MT
More news
Financials (USD)
Sales 2021 5 899 M - -
Net income 2021 115 M - -
Net Debt 2021 1 240 M - -
P/E ratio 2021 22,4x
Yield 2021 -
Capitalization 2 288 M 2 288 M -
EV / Sales 2021 0,60x
EV / Sales 2022 0,52x
Nbr of Employees 12 774
Free-Float 76,7%
Chart CANADIAN SOLAR INC.
Duration : Period :
Canadian Solar Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CANADIAN SOLAR INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 51,00 $
Last Close Price 38,14 $
Spread / Highest target 52,1%
Spread / Average Target 33,7%
Spread / Lowest Target 10,1%
EPS Revisions
Managers and Directors
NameTitle
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
Sector and Competitors
1st jan.Capitalization (M$)
CANADIAN SOLAR INC.-25.57%2 288
TONGWEI CO., LTD.-7.00%25 122
ENPHASE ENERGY, INC.-17.41%19 665
SOLAREDGE TECHNOLOGIES, INC.-25.15%12 415
FLAT GLASS GROUP CO., LTD.-21.59%10 167
JA SOLAR TECHNOLOGY CO., LTD.-7.17%9 413