– Sectors – Canadian Solar (CSIQ)

March 13, 2024

After Recalibrating Our Bottom-Up CSIQ Revenue-Driver Model, Our 2024E Yr-End Price Target Adjusts Lower to $9.10/shr From $16.43/Shr Prior; Are Consensus’ 2024E CSIQ Estimates “Stale”?

By Gordon L. Johnson II

Higher Interest Rates are Making Canadian Solar’s Ability to Sell its Utility-Scale Solar Projects “Very Difficult”. As a reminder, we note: (1) in 2Q23, CSIQ saw its Recurrent Energy segment deliver $360mn in revenues at…

June 13, 2023

Canadian Solar has Outperformed its Chinese Solar Module Peers; will It Continue to “Shine”?

By Gordon L. Johnson II

Canadian Solar Has Been a Significant Outperformer Over the TTM. Over the past year (Ex. 1), CSIQ’s shares are up +24.5%, vs. -19.7% for Jinko Solar Co. Ltd., -54.5% for Longi Green Energy Tech. Co….

January 23, 2023

Following a Full Model Revamp, CSIQ’s Forward Earnings Appear Set to Be Rerated Lower for New Environment; PT Lower to $12.22/shr

By Gordon L. Johnson II

2022 Was a Good Year for Canadian Solar; 2023E Appears Set to be the Exact Opposite. In its most recent quarter, CSIQ reported rev/GAAP-EPS of $1.93B/$1.12 vs. Cons’ ests. of $1.86B/$0.30 (a material beat, at…

May 26, 2022