Canadian Solar Inc (NASDAQ: CSIQ)’s stock price has soared by 9.00 in relation to previous closing price of 9.78. Nevertheless, the company has seen a gain of 12.57% in its stock price over the last five trading days. prnewswire.com reported 2025-03-18 that 200 MWh Fort Duncan Storage is under construction and is expected to be operational by Summer 2025 to support ERCOT’s peak power demand KITCHENER, ON, March 18, 2025 /PRNewswire/ — Recurrent Energy, a subsidiary of Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today that it has closed project financing and tax equity for its Fort Duncan Storage project. The 200 MWh storage project, located in Maverick County, Texas, is currently under construction and is expected to be commercially operational by summer 2025 to support ERCOT’s peak power demand.
Is It Worth Investing in Canadian Solar Inc (NASDAQ: CSIQ) Right Now?
Canadian Solar Inc (NASDAQ: CSIQ) has a higher price-to-earnings ratio of 895.80x compared to its average ratio. CSIQ has 36-month beta value of 1.27. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for CSIQ is 47.03M, and currently, short sellers hold a 22.42% ratio of that float. The average trading volume of CSIQ on March 19, 2025 was 1.62M shares.
CSIQ’s Market Performance
CSIQ stock saw a decrease of 12.57% in the past week, with a monthly decline of -1.02% and a quarterly a decrease of -16.00%. The volatility ratio for the week is 4.75%, and the volatility levels for the last 30 days are 5.90% for Canadian Solar Inc (CSIQ). The simple moving average for the past 20 days is 3.54% for CSIQ’s stock, with a -19.81% simple moving average for the past 200 days.
Analysts’ Opinion of CSIQ
Many brokerage firms have already submitted their reports for CSIQ stocks, with Goldman repeating the rating for CSIQ by listing it as a “Sell.” The predicted price for CSIQ in the upcoming period, according to Goldman is $11 based on the research report published on December 17, 2024 of the previous year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see CSIQ reach a price target of $20. The rating they have provided for CSIQ stocks is “Outperform” according to the report published on December 13th, 2024.
Jefferies gave a rating of “Buy” to CSIQ, setting the target price at $14.15 in the report published on November 22nd of the previous year.
CSIQ Trading at 0.43% from the 50-Day Moving Average
After a stumble in the market that brought CSIQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.36% of loss for the given period.
Volatility was left at 5.90%, however, over the last 30 days, the volatility rate increased by 4.75%, as shares sank -4.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.21% lower at present.
During the last 5 trading sessions, CSIQ rose by +11.72%, which changed the moving average for the period of 200-days by -46.16% in comparison to the 20-day moving average, which settled at $10.29. In addition, Canadian Solar Inc saw -4.14% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CSIQ starting from Wong Andrew Luen Cheung, who proposed sale 2,878 shares at the price of $12.69 back on Dec 16 ’24. After this action, Wong Andrew Luen Cheung now owns shares of Canadian Solar Inc, valued at $36,522 using the latest closing price.
Wong Andrew Luen Cheung, the Director of Canadian Solar Inc, proposed sale 3,687 shares at $12.37 during a trade that took place back on Sep 11 ’24, which means that Wong Andrew Luen Cheung is holding shares at $45,608 based on the most recent closing price.
Stock Fundamentals for CSIQ
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.16 for the gross margin
The net margin for Canadian Solar Inc stands at 0.0. The total capital return value is set at 0.01. Equity return is now at value 0.03, with 0.01 for asset returns.
Based on Canadian Solar Inc (CSIQ), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at 2.08. The interest coverage ratio of the stock is 0.47.
Currently, EBITDA for the company is 829.66 million with net debt to EBITDA at 9.12. When we switch over and look at the enterprise to sales, we see a ratio of 0.73. The receivables turnover for the company is 4.58for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To put it simply, Canadian Solar Inc (CSIQ) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
