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Canadian Solar Inc. (CSIQ)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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39.87-0.38 (-0.94%)
At close: 4:00PM EDT
40.20 +0.33 (0.83%)
After hours: 06:35PM EDT
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  • J
    JK
    CFRA comes out with a BUY rating and a target price of $52. I think that is still too low based on the growth prospects for CSIQ but I understand the discount until margins get back to the 19-20% level.
  • J
    JK
    More great news with the $100 million bank financing in Brazil to support 70% of the funding required for projects in Brazil. CSIQ just continues to execute on a global strategy that is very successful.
  • J
    JK
    Interesting news from Duke energy today.

    Duke Energy Sustainable Solutions acquired the project from Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc. ( CSIQ) , in December 2020.

    The 932-acre site, which contains approximately 489,600 Canadian Solar ( CSIQ) high-efficiency bifacial BiKu modules, will generate enough energy to power approximately 27,000 homes.
  • L
    Leor B
    CSIQ manufacturing facilities - " Vietnam, Indonesia, Thailand, Canada, Brazil and China."
  • R
    Rusty
    Looks like another day where low Volume means shorts are directing traffic towards downtown. We need the infrastructure bill to pass.
  • J
    JK
    More proof of executing on their strategy.

    GUELPH, ON, July 21, 2021 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar ( CSIQ
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    )" or "the Company") today announced its wholly-owned subsidiary, Recurrent Energy, LLC ("Recurrent Energy"), completed the sale of the Maplewood 1 and Maplewood 2 solar projects to a leading U.S. annuity and life insurance company. Both projects are located in Pecos County, Texas, near the towns of Fort Stockton and McCamey, and have a combined capacity of 328 MWp or 250 MWac. Maplewood 1 and Maplewood 2 are both currently under construction and are expected to reach commercial operation before the end of Q3 2021.
  • J
    JK
    Awesome new win for CSIQ in Columbia. Demonstrates their scale in having a large project (43 Mwh), the breadth of their product offerings (utility scale battery storage) and their geographic reach with business now growing in Latin America.

    Cannot believe how under valued this company is. Trading at 40% of revenue. First Solar and SunPower trade at about 4X revenue or 10X more than CSIQ. Does that make any sense?
  • R
    RobertA
    Does the fact that Canadian Solar is selling part of the company as an IPO on the hong kong exchange diminish the value of the company? Is this company or any part of it subject to delisting as many of the Chinese will be?
  • J
    JK
    Headlines on the infrastructure bill sound positive again. Could be a boost for infrastructure related companies. https://pv-magazine-usa.com/2021/07/22/heres-how-a-solar-friendly-infrastructure-bill-may-get-through-congress/
  • D
    Denis
    I don't get it, the world is getting hotter and hotter by the year. People will start panicking and green energy will start to boom. The projections show that solar will grow the most in the next decade or so.

    With csiq manufacturing their own cells and building their own pipelines (which they sell and keep a minority interest for cash flow), this is a no brainer. They will grow faster then other solar companies just making cells.

    But the market has not picked up on this yet, this is a great company! Yes they have more debt than others, but it will all even out.

    Solar is the future! Long live csiq!
  • D
    Denis
    Bought more :)
  • P
    Peter
    Bought about a 100 shares to dip my toes in when it fell from mid-60s to 52. I would like to cost average down but I can’t bring myself to buy anymore. It is such a wildly fluctuating stock. I have no idea where it will land in the next 6 months.
  • M
    Mr
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  • J
    JK
    For a solar company lower rates mean lower project financing costs = higher profits.

    If the concern is China then this is not a tech company storing personal data like Dudu. Their offering is also on a Chinese exchange which is what China wants.

    The dip should be a buying opportunity in my opinion.
  • R
    Robert
    One day +5% / next two days -6% -> makes great sense.
  • J
    Jack
    Nabbed some at 36.3
    Thanks Mr Market for the opportunity
  • J
    JK
    This is an opportunity to buy in to a strong, growing company for 0.4X revenue.
  • A
    Adam
    Solar sector getting juiced today and this is finally looking to break out of its range. In terms of sector comparisons on fundamentals, this is shockingly undervalued. And also the majority-owned subsidiary will start trading on the Shanghai exchange. This is excellent news!
  • P
    PLUM
    Only a matter of time before it pops nicely.
  • J
    JK
    Since CSIQ is selling for about 0.4X 2021 forecast revenue if would not be a shock to see a spike to $60 in the next few weeks. The offering for shares in their subsidiary will create a balance sheet with more cash than the market value of the company. That will cause a lot of investors to take another look.