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Last $18.59 USD
Change Today +0.17 / 0.92%
Volume 1.5M
CSIQ On Other Exchanges
As of 4:30 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

canadian solar inc (CSIQ) Snapshot

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52 Week High
09/8/14 - $41.12
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08/24/15 - $14.16
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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 power products worldwide. The company operates in two segments, Module and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems. The company also provides specialty solar 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 solar system kits, which are a ready-to-install packages, such as inverters, racking system, and other accessories. In addition, it develops, builds, and sells solar power projects; performs the engineering, 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. The company sells its products under the CanadianSolar and CSI brand names. It offers its products to distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. was founded in 2001 and is based in West Guelph, Canada.

8,673 Employees
Last Reported Date: 04/23/15
Founded in 2001

canadian solar inc (CSIQ) Top Compensated Officers

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canadian solar inc (CSIQ) Key Developments

Canadian Solar Inc. Introduces New 320W Polycrystalline Solar Module

Canadian Solar Inc. announced that the company will now be offering its MaxPower polycrystalline module in a new 320W power class. The MaxPower CS6X-320P is a more robust module with higher power efficiency. In addition, when the MaxPower CS6X-320P module is paired with a respective Canadian Solar CSI-23/28/36KTL-CT 3-phase inverter, a stronger, more cost-effective systems solution can be achieved from a single bankable supplier like Canadian Solar. Along with the 310W and 315W polycrystalline modules, the 320W power class is an innovative addition to the MaxPower line of solar PV modules. Consistent with Canadian Solar's high product quality, this module includes the brand's 25-year linear power output warranty and a 10-year product warranty on materials and workmanship. Furthermore, this new power class gives solar installers and project developers the ability to reduce their overall balance of system costs for small commercial, large commercial, distributed generation, and utility-scale projects.

Canadian Solar Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

Canadian Solar Inc. reported unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, net revenue was $636.7 million, up 2.1% from $623.8 million in the second quarter of 2014. Income from operations was $32.5 million compared to $67.7 million in the second quarter of 2014. Net income attributable to the company was $17.9 million, or $0.31 per diluted share, compared to net income of $55.8 million, or $0.95 per diluted share, in the second quarter of 2014. Net cash generated from operating activities was $29.1 million, compared to $124.9 million in the first quarter of 2015. Income before income taxes and equity in earnings (loss) of unconsolidated investees was $20.84 million compared to $63.49 million a year ago. Revenue and gross margin exceeded its guidance despite the shift of its revenue mix towards module sales compared to the last few quarters. The shift reflects the change of its downstream energy business strategy from build-to-sell to build-to-own and the potential launch of its renewable energy YieldCo. For the six months, the company reported net revenues of $1,497.54 million compared to $1,090.09 million a year ago. Income from operations was $111.21 million compared to $94.27 million a year ago. Income before income taxes and equity in earnings (loss) of unconsolidated investees was $102.25 million compared to $74.38 million a year ago. Net income attributable to the company was $79.19 million, or $1.36 per diluted share, compared to net income attributable to the company of $59.57 million, or $1.05 per diluted share a year ago. For the third quarter of 2015, the company expects total module shipments to be in the range of approximately 970MW to 1,020MW, including approximately 70MW of shipments to the company's utility-scale solar projects that will not be recognized in third quarter 2015 revenue. Total revenue for the third quarter of 2015 is expected to be in the range of $570 million to $620 million, with gross margin expected to be between 12% and 14%. The gross margin guidance for the third quarter of 2015 is expected to be negatively impacted by the U.S. import duty on modules because module shipments to the U.S. are expected to increase significantly. For the full year 2015, the company maintains its expectation of total module shipments to be in the range of approximately 4.0 GW to 4.3 GW, including 3,300 MW to 3,500 MW of third-party module sales, 235 MW to 275 WW of project and EPC sales, and 460 MW to 490 MW of shipments to projects which will be held on the balance sheet pending the potential launch of a YieldCo. Total revenue for the full year 2015 is expected to be in the range of $2.8 billion to $3.0 billion. Absent the planned change in the Company's energy business model from a build-to-sell to a build, own and operate model, revenue for 2015 would be approximately $1.0 billion to $1.1 billion higher.

Canadian Solar Secures CAD 52.8 Financing for Ontario Solar Facility from Manufacturers Life Insurance Co

Canadian Solar Inc. has secured CAD 52.8 million in construction and term financing for its 9-MW AC Aria Solar project from Manufacturers Life Insurance Co. Aria is currently under construction in Springwater, Ontario, and is expected to go online in the fourth quarter of 2015.


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Valuation CSIQ Industry Range
Price/Earnings 4.3x
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow 4.0x
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