Last $34.99 USD
Change Today -0.49 / -1.38%
Volume 1.7M
CSIQ On Other Exchanges
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As of 12:16 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

canadian solar inc (CSIQ) Snapshot

Open
$35.39
Previous Close
$35.48
Day High
$35.40
Day Low
$34.51
52 Week High
02/28/14 - $44.50
52 Week Low
08/28/13 - $11.88
Market Cap
1.9B
Average Volume 10 Days
6.6M
EPS TTM
$1.96
Shares Outstanding
53.6M
EX-Date
--
P/E TM
17.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for CANADIAN SOLAR INC (CSIQ)

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canadian solar inc (CSIQ) Details

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar wafers, cells, and solar module products worldwide. The company operates in two segments, Module and Project. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems. The company also provides specialty solar modules and products consisting of Andes Solar Home System, an off-grid solar system, designed to provide an economical source of electricity to homes and communities without access to grid; and Maple Solar System, a clean energy solution for families, as well as sells solar system kits, which are a ready-to-install packages comprising third party supplied components, such as inverters, racking system, and other accessories. In addition, it implements solar power development projects; performs the engineering design, procurement, and construction (EPC) work for the solar projects; and offers operation and maintenance services that include inspection, repair, and replacement of plant equipment, site management, and administrative support services. Canadian Solar Inc. sells its products under the CanadianSolar and CSI brand names. The company offers its standard solar modules through a direct sales force and sales agents primarily to distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. was founded in 2001 and is headquartered in West Guelph, Canada.

7,736 Employees
Last Reported Date: 04/28/14
Founded in 2001

canadian solar inc (CSIQ) Top Compensated Officers

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Executives, Board Directors

canadian solar inc (CSIQ) Key Developments

Canadian Solar Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Operating Results for the Second Quarter of 2014; Provides Operating and Earnings Guidance for the Third Quarter of 2014

Canadian Solar Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues were $623,769,000 compared to $380,380,000 for the same period a year ago. Income from operations was $67,699,000 compared to $12,231,000 for the same period a year ago. Income before income taxes and equity in unconsolidated investees was $63,487,000 compared to loss before income taxes and equity in unconsolidated investees of $13,194,000 for the same period a year ago. Net income attributable to the company was $55,783,000 or $0.95 per diluted share compared to net loss attributable to the company of $12,603,000 or $0.29 per diluted share for the same period a year ago. Cash, cash equivalents and restricted cash balances at the end of the quarter totaled $788.3 million, compared to $781.0 million at the end of the first quarter of 2014. Net cash used in operating activities was $44.3 million, compared to net cash used in operating activities of $153.7 million in the first quarter of 2014. For the six months, the company reported net revenues were $1,090,093,000 compared to $643,990,000 for the same period a year ago. Income from operations was $94,273,000 compared to $30,247,000 for the same period a year ago. Income before income taxes and equity in unconsolidated investees was $74,383,000 compared to loss before income taxes and equity in unconsolidated investees of $19,614,000 for the same period a year ago. Net income attributable to the company was $59,566,000 or $1.05 per diluted share compared to net loss $16,980,000 or $0.39 per diluted share for the same period a year ago. Total solar module shipments in the second quarter of 2014 were 646 MW, compared to 500 MW in the first quarter of 2014 and 455 MW in the second quarter of 2013. Solar module shipments in the second quarter of 2014 included 70 MW used in the Company's total solutions business, compared to 49 MW in the first quarter of 2014 and 35 MW in the second quarter of 2013. For the third quarter of 2014, the company expects module shipments to be in the range of approximately 720 MW to 750 MW. Total revenue for the third quarter of 2014 is expected to be in the range of $760 million to $810 million, with gross margin expected to be between 19% and 21%.

Canadian Solar Appoints Andrew Wong as Independent Director

Canadian Solar Inc. announced that it has increased the size of its board of directors from four to five directors and appointed Andrew (Luen Cheung) Wong as an independent director of the company. Mr. Wong, age 56, is currently Senior Advisor to the Vice Chairman of the Board of Directors of Henderson Land Development Company Limited. He is also a director of Ace Life Insurance Company Ltd., China CITIC Bank Corporation, Intime Retail (Group) Co. Ltd. and Shenzhen Yantian Port (Group) Co. Ltd. Previously, Mr. Wong held senior positions at the Royal Bank of Canada, the Union Bank of Switzerland, China Citicorp International Limited, Hang Seng Bank Limited and DBS Bank Limited, Hong Kong.

Canadian Solar Inc. Supplies 4 MW of Canadian Solar PV Modules for the Spanish Town Estate Solar Project

Canadian Solar Inc. announced that the company supplied 4 MW of Canadian Solar PV Modules for the Spanish Town Estate Solar project, recently acquired by NRG Energy Inc. (NRG). The project is located in St. Croix, in the U.S. Virgin Islands and utilizes 14,400 high-efficiency Canadian Solar CS6X-P 305 Polycrystalline PV Modules.

 

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CSIQ Competitors

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Company Last Change
JinkoSolar Holding Co Ltd $29.42 USD +0.181
ReneSola Ltd $2.63 USD 0.00
Tokuyama Corp ¥353.00 JPY +6.00
Trina Solar Ltd $12.52 USD +0.22
Yingli Green Energy Holding Co Ltd $3.41 USD -0.15
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Industry Analysis

CSIQ

Industry Average

Valuation CSIQ Industry Range
Price/Earnings 18.9x
Price/Sales 0.9x
Price/Book 3.5x
Price/Cash Flow 18.0x
TEV/Sales 0.2x
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