CSIQ
Canadian Solar Inc.

Canadian Solar Inc.CSIQ

Technology · Solar
11.12USD
+7.86%
Nov 08, 2026
CSIQ overview ready
Vertically Integrated Utility-Scale Solar and 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.
Primary theme is improving
Solar is improving (+15.0pp vs SPY over 21 sessions; 8 of 11 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, 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
Declining revenue growth and negative operating margins.
Market Nov 6Price action Nov 7Research Jul 26

Conviction Level

PriceAction4.9BusinessPerformance—BusinessQuality—Valuation3.5ThemeMomentum7.0Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
SolarImproving
vs SPY
+15.0pp
Theme return
+10.0%
Beating SPY
8 of 11
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$755.0M
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
-170.6%
Distance from 200DMA
-26.4%
Next Earnings
2026-11-12
EV / EBITDA
11.0x
EV / Sales
1.4x
Market metrics as of Nov 7, 2026

Business Performance

Business Quality

Not assessed

Not assessed — the company files under a regime the financial record does not cover yet.

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
Declining revenue growth and negative operating margins.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Solar
What they do

Canadian Solar Inc. manufactures solar modules, battery energy storage products, and related power technology, and develops, builds, sells, and operates utility-scale solar and storage projects through its subsidiaries.

How it earns

The company generates revenue through product sales of solar and battery systems and project-based sales and operations of utility-scale solar-plus-storage assets.

Products & services
Solar modules
Battery energy storage systems
Solar system kits
Power electronic products
Utility-scale solar and storage projects
Customers & end markets
Utility companies
Corporate and commercial developers
Solar system installers
International energy markets
Market position

Canadian Solar is a vertically integrated participant with manufacturing and project development capabilities, positioning it as a significant player in utility-scale solar and storage markets.

Demand drivers
Medium cyclicality

Demand is influenced by renewable energy policy, project development cycles, and commodity pricing for solar components.