Reviewing Canadian Solar (CSIQ) and The Competition
Canadian Solar (NASDAQ: CSIQ) is one of 13 public companies in the “Photovoltaic Solar Systems & Equipment” industry, but how does it compare to its rivals? We will compare Canadian Solar to related companies based on the strength of its risk, earnings, profitability, institutional ownership, analyst recommendations, valuation and dividends.
This table compares Canadian Solar and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Canadian Solar Competitors||-17.48%||-165.99%||-4.31%|
This is a breakdown of recent recommendations and price targets for Canadian Solar and its rivals, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Canadian Solar Competitors||174||585||854||55||2.47|
Canadian Solar presently has a consensus target price of $19.00, indicating a potential upside of 6.83%. As a group, “Photovoltaic Solar Systems & Equipment” companies have a potential downside of 12.85%. Given Canadian Solar’s higher possible upside, research analysts plainly believe Canadian Solar is more favorable than its rivals.
Institutional & Insider Ownership
40.1% of Canadian Solar shares are owned by institutional investors. Comparatively, 39.5% of shares of all “Photovoltaic Solar Systems & Equipment” companies are owned by institutional investors. 16.2% of shares of all “Photovoltaic Solar Systems & Equipment” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Earnings and Valuation
This table compares Canadian Solar and its rivals top-line revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Canadian Solar||$2.85 billion||$65.24 million||42.35|
|Canadian Solar Competitors||$1.32 billion||-$58.64 million||1.47|
Canadian Solar has higher revenue and earnings than its rivals. Canadian Solar is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Volatility & Risk
Canadian Solar has a beta of 3.12, indicating that its stock price is 212% more volatile than the S&P 500. Comparatively, Canadian Solar’s rivals have a beta of 1.50, indicating that their average stock price is 50% more volatile than the S&P 500.
Canadian Solar beats its rivals on 9 of the 13 factors compared.
Canadian Solar Company Profile
Canadian Solar Inc. is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment. It designs, develops and manufactures solar wafers, solar cells and solar power products. The module segment primarily involves the design, development, manufacturing and sale of a range of solar power products, including standard solar modules and specialty solar products, and solar system kits. Its energy development segment consists of solar power project development, engineering, procurement and construction services, and operation and maintenance services. Its electricity generation segment consists of holding solar power projects for the purpose of generating income from the sale of electricity to the local or national grid or other power purchasers.
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