Overview Dividends

(CSIQ) Canadian Solar - Ratings and Ratios

Exchange: NASDAQ • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA1366351098

Solar Modules, Battery Storage, EPC Services, Solar Plants

CSIQ EPS (Earnings per Share)

EPS (Earnings per Share) of CSIQ over the last years for every Quarter: "2020-09": 0.15, "2020-12": 0.11, "2021-03": 0.36, "2021-06": 0.18, "2021-09": 0.42, "2021-12": 0.17, "2022-03": 0.14, "2022-06": 1.07, "2022-09": 1.12, "2022-12": 1.11, "2023-03": 1.19, "2023-06": 2.39, "2023-09": 0.32, "2023-12": -0.02, "2024-03": 0.19, "2024-06": 0.05, "2024-09": -0.31, "2024-12": -1.47, "2025-03": -1.07, "2025-06": -0.53,
EPS Growth (3Y CAGR): -29.53%
EPS Trend (3Y Correlation): -87.8%

CSIQ Revenue

Revenue of CSIQ over the last years for every Quarter: 2020-09: 914.36, 2020-12: 1040.654, 2021-03: 1089.339, 2021-06: 1429.661, 2021-09: 1229.45, 2021-12: 1528.719, 2022-03: 1250.349, 2022-06: 2314.186, 2022-09: 1932.479, 2022-12: 1971.596, 2023-03: 1701.281, 2023-06: 2364.023, 2023-09: 1846.285, 2023-12: 1702.037, 2024-03: 1329.111, 2024-06: 1635.433, 2024-09: 1507.624, 2024-12: 1521.241, 2025-03: 1196.625, 2025-06: 1693.871,
Revenue Growth (3Y CAGR): -4.68%
Revenue Trend (3Y Correlation): -66.5%

Description: CSIQ Canadian Solar October 22, 2025

Canadian Solar (CSIQ) is a vertically integrated solar and battery-energy-storage company operating worldwide through two main divisions: CSI Solar, which designs, manufactures and sells modules, cells, inverters and EPC services, and Recurrent Energy, which develops, builds, operates and maintains utility-scale solar and storage assets.

As of the latest filing, the firm reported roughly $3.3 billion in annual revenue and a total installed pipeline exceeding 23 GW of solar capacity, positioning it among the top five global module manufacturers. A key sector driver is the U.S. Inflation Reduction Act, which is expected to boost domestic solar demand and create new off-take opportunities for CSIQ’s EPC and O&M services. Additionally, the company’s battery-storage segment has grown at a compound annual rate of about 30 % over the past three years, reflecting accelerating market adoption of behind-the-meter storage solutions.

Investors seeking a data-rich, unbiased deep-dive on CSIQ’s valuation metrics and scenario analysis may find the research tools on ValueRay useful for extending this overview.

CSIQ Stock Overview

Market Cap in USD 1,201m
Sub-Industry Semiconductors
IPO / Inception 2006-11-09

CSIQ Stock Ratings

Growth Rating -13.9%
Fundamental 22.3%
Dividend Rating -
Return 12m vs S&P 500 28.7%
Analyst Rating 3.55 of 5

CSIQ Dividends

Currently no dividends paid

CSIQ Growth Ratios

Growth Correlation 3m 83.5%
Growth Correlation 12m 29%
Growth Correlation 5y -86.3%
CAGR 5y -10.69%
CAGR/Max DD 3y (Calmar Ratio) -0.13
CAGR/Mean DD 3y (Pain Ratio) -0.21
Sharpe Ratio 12m 0.45
Alpha 40.76
Beta 1.282
Volatility 97.30%
Current Volume 10854.9k
Average Volume 20d 2941.3k
Stop Loss 23.3 (-6.8%)
Signal 0.15

Piotroski VR‑10 (Strict, 0-10) 1.5

Net Income (-6.90m TTM) > 0 and > 6% of Revenue (6% = 355.2m TTM)
FCFTA -0.14 (>2.0%) and ΔFCFTA 3.37pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 9.02% (prev -5.44%; Δ 14.47pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.02 (>3.0%) and CFO -237.6m <= Net Income -6.90m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 1.09 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (67.0m) change vs 12m ago -0.03% (target <= -2.0% for YES)
Gross Margin 18.75% (prev 16.22%; Δ 2.53pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 43.93% (prev 53.66%; Δ -9.73pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 0.00 (EBITDA TTM -27.4m / Interest Expense TTM 154.9m) >= 6 (WARN >= 3)

Altman Z'' 0.80

(A) 0.04 = (Total Current Assets 6.21b - Total Current Liabilities 5.68b) / Total Assets 14.81b
(B) 0.11 = Retained Earnings (Balance) 1.56b / Total Assets 14.81b
(C) 0.00 = EBIT TTM 294.0k / Avg Total Assets 13.47b
(D) 0.21 = Book Value of Equity 2.28b / Total Liabilities 10.64b
Total Rating: 0.80 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 22.27

1. Piotroski 1.50pt = -3.50
2. FCF Yield -31.45% = -5.0
3. FCF Margin -34.38% = -7.50
4. Debt/Equity 2.50 = 0.01
5. Debt/Ebitda data missing
6. ROIC - WACC (= -1.86)% = -2.32
7. RoE -0.24% = -0.04
8. Rev. Trend -66.50% = -4.99
9. EPS Trend -87.77% = -4.39

What is the price of CSIQ shares?

As of November 06, 2025, the stock is trading at USD 25.00 with a total of 10,854,929 shares traded.
Over the past week, the price has changed by +42.29%, over one month by +65.56%, over three months by +108.33% and over the past year by +53.09%.

Is Canadian Solar a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Canadian Solar (NASDAQ:CSIQ) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 22.27 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CSIQ is around 25.89 USD . This means that CSIQ is currently overvalued and has a potential downside of 3.56%.

Is CSIQ a buy, sell or hold?

Canadian Solar has received a consensus analysts rating of 3.55. Therefor, it is recommend to hold CSIQ.
  • Strong Buy: 4
  • Buy: 0
  • Hold: 5
  • Sell: 2
  • Strong Sell: 0

What are the forecasts/targets for the CSIQ price?

Issuer Target Up/Down from current
Wallstreet Target Price 12.7 -49.3%
Analysts Target Price 12.7 -49.3%
ValueRay Target Price 27.3 9.2%

CSIQ Fundamental Data Overview November 01, 2025

Market Cap USD = 1.20b (1.20b USD * 1.0 USD.USD)
P/E Forward = 11.1607
P/S = 0.203
P/B = 0.3582
P/EG = 0.1632
Beta = 1.282
Revenue TTM = 5.92b USD
EBIT TTM = 294.0k USD
EBITDA TTM = -27.4m USD
Long Term Debt = 3.89b USD (from longTermDebt, last quarter)
Short Term Debt = 2.91b USD (from shortTermDebt, last quarter)
Debt = 7.13b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.27b USD (from netDebt column, last quarter)
Enterprise Value = 6.47b USD (1.20b + Debt 7.13b - CCE 1.86b)
Interest Coverage Ratio = 0.00 (Ebit TTM 294.0k / Interest Expense TTM 154.9m)
FCF Yield = -31.45% (FCF TTM -2.03b / Enterprise Value 6.47b)
FCF Margin = -34.38% (FCF TTM -2.03b / Revenue TTM 5.92b)
Net Margin = -0.12% (Net Income TTM -6.90m / Revenue TTM 5.92b)
Gross Margin = 18.75% ((Revenue TTM 5.92b - Cost of Revenue TTM 4.81b) / Revenue TTM)
Gross Margin QoQ = 29.82% (prev 11.74%)
Tobins Q-Ratio = 0.44 (Enterprise Value 6.47b / Total Assets 14.81b)
Interest Expense / Debt = 0.63% (Interest Expense 44.8m / Debt 7.13b)
Taxrate = 42.29% (34.3m / 81.1m)
NOPAT = 169.7k (EBIT 294.0k * (1 - 42.29%))
Current Ratio = 1.09 (Total Current Assets 6.21b / Total Current Liabilities 5.68b)
Debt / Equity = 2.50 (Debt 7.13b / totalStockholderEquity, last quarter 2.85b)
Debt / EBITDA = -192.3 (out of range, set to none) (Net Debt 5.27b / EBITDA -27.4m)
Debt / FCF = -2.59 (negative FCF - burning cash) (Net Debt 5.27b / FCF TTM -2.03b)
Total Stockholder Equity = 2.83b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.05% (Net Income -6.90m / Total Assets 14.81b)
RoE = -0.24% (Net Income TTM -6.90m / Total Stockholder Equity 2.83b)
RoCE = 0.00% (EBIT 294.0k / Capital Employed (Equity 2.83b + L.T.Debt 3.89b))
RoIC = 0.00% (NOPAT 169.7k / Invested Capital 8.90b)
WACC = 1.86% (E(1.20b)/V(8.33b) * Re(10.74%) + D(7.13b)/V(8.33b) * Rd(0.63%) * (1-Tc(0.42)))
Discount Rate = 10.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.70%
Fair Price DCF = unknown (Cash Flow -2.03b)
EPS Correlation: -87.77 | EPS CAGR: -29.53% | SUE: -3.38 | # QB: 0
Revenue Correlation: -66.50 | Revenue CAGR: -4.68% | SUE: -1.75 | # QB: 0

Additional Sources for CSIQ Stock

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