CSIQ
Canadian Solar Inc.

Canadian Solar Inc.CSIQ

Technology · Solar
11.77USD
+0.00%
Sep 23, 2026
CSIQ overview ready
Vertically Integrated Solar-Plus-Storage Developer and Manufacturer
Canadian Solar is a direct, vertically integrated participant: it manufactures solar modules and battery-storage systems and, through Recurrent Energy, develops, builds, sells, and operates utility-scale solar and storage assets.
Narrative not measured
Renewable Power and Storage BuildoutUtility-Scale Solar-Plus-Storage DeploymentPure play
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Solid fundamentals
Ev / sales is strong.
Primary risk
Exposure to fluctuations in government subsidies and policies.
Market Sep 22Price action Sep 22Research Jul 26

Conviction Level

NarrativeHeatThemeHeat6.0PriceAction1.4Valuation3.5CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$774.1M
Avg Volume (60D)
1.9M
60 sessions
Revenue Growth YoY
-15.7%
Trailing twelve months
Gross Margin
+17.6%
Operating Margin
-1.7%
Trailing twelve months
Free Cash Flow Yield
-166.4%
Distance from 200DMA
-31.5%
Next Earnings
2026-11-12
EV / EBITDA
11.0x
EV / Sales
1.4x
Market metrics as of Sep 22, 2026

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Canadian Solar Inc. has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

Company Research

Thesis
Canadian Solar is a direct, vertically integrated participant: it manufactures solar modules and battery-storage systems and, through Recurrent Energy, develops, builds, sells, and operates utility-scale solar and storage assets. Its current structure separates Manufacturing (CS PowerTech for U.S.
Opportunity
Moderate opportunity
Utility, corporate, and developer procurement of co-located solar generation and battery storage to add low-cost energy while improving dispatchability, congestion management, and renewable-grid integration.
Key risk
Exposure to fluctuations in government subsidies and policies.

Narrative & Theme

Renewable Power and Storage Buildout
Part of Utility-Scale Solar-Plus-Storage Deployment, with strong fit.
CSIQ has genuine direct revenue exposure to utility-scale solar-plus-storage deployment rather than merely indirect clean-energy adjacency. The company sells the core equipment and also participates in project-level development, EPC and asset monetization.
Narrative HeatNeutral5.8 / 10
This reading is no longer current (last measured 2026-08-14). It is kept until the next scheduled measurement replaces it.
Theme HeatNeutral6.0 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Solar
What they do

Canadian Solar Inc. manufactures and sells solar energy and battery storage products globally, operating through manufacturing and project development segments.

How it earns

The company generates revenue primarily through transactional sales of solar modules, battery storage solutions, and related power technology products, as well as project-based sales from its Recurrent Energy segment.

Products & services
Solar modules
Battery energy storage solutions
Solar system kits
Power electronic products
Customers & end markets
Solar project developers
Utility companies
Commercial and residential customers
Market position

Canadian Solar is a leading global solar manufacturer and project developer with a diversified international presence.

Demand drivers
Medium cyclicality

Demand is influenced by government policies, subsidies, and capital expenditure cycles in renewable energy.