CSIQ
Canadian Solar Inc.
NasdaqGSUSDEQUITY
Technology
DELAYED
Last price
14.53
▼ 0.20 (1.36%)
MARKET · —
Price
Open
14.54
Prev close
14.73
Day high
15.15
Day low
14.18
Volume
1.79M
Market cap
$987.90M
P/E (TTM)
—
52W range
9.41 – 34.59
Trailing performance
Returnvs SPY
1W
-3.90%
-2.5%
1M
-0.95%
-4.7%
3M
-19.61%
-22.7%
6M
-27.43%
-38.5%
YTD
-38.79%
-51.1%
1Y
+14.12%
-5.9%
3Y
-54.13%
-128.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$987.90M
Enterprise value$8.09B
Revenue (TTM)$5.48B
Gross profit$1.22B
EBITDA$843.42M
Net income$-102.25M
EPS (TTM)$-2.52
Free cash flow$-953.28M
Total cash$1.44B
Total debt$7.08B
Book value / share$41.73
Shares outstanding67.90M
Float43.56M
Short % of float29.05%
Dividend yield—
Beta (5Y)1.54
Valuation & profitability ratios
Trailing P/E—
Forward P/E-33.12
PEG ratio0.13
Price / sales—
Price / book0.35
EV / revenue1.48
EV / EBITDA9.60
Gross margin22.22%
Operating margin6.76%
Profit margin-1.87%
Return on equity-2.88%
Return on assets1.28%
Debt / equity164.81
Current ratio1.07
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $5.60B | $5.99B | $7.61B | $7.47B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | -$104.13M | $36.05M | $274.19M | $239.97M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | -$104.13M | $36.05M | $274.19M | $239.97M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Mar 2026 | -0.78 | -1.84 | -136.9% |
| Dec 2025 | -0.98 | — | — |
| Sep 2025 | -0.76 | -0.58 | +24.2% |
| Jun 2025 | 0.76 | -0.34 | -145.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -1.23 | 2 | $1.14B | -33.0% |
| Next quarter | -0.48 | 2 | $1.77B | +18.7% |
| Current year | -2.48 | 2 | $6.04B | +7.9% |
| Next year | -0.44 | 2 | $7.26B | +20.3% |
Analyst targets & ownership
Mean target$18.64
High target$30.00
Low target$9.00
Implied upside28.27%
Analyst count12
ConsensusNONE
Strong buy / Buy1 / 3
Hold6
Sell / Strong sell1 / 1
Held by insiders29.75%
Held by institutions63.98%
Institutions holding235
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+63.10K
Net buying
Buy transactions
21
66.61K shares
Sell transactions
2
3.52K shares
Net transactions
+23
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
20.18M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 2, 26 | WONG ANDREW LUEN CHEUNG Director |
— | 809 | — | Direct |
| Jul 2, 26 | RUDA HARRY E Director |
— | 809 | — | Direct |
| Jul 2, 26 | TEMPLETON LAUREN CORTNEY Director |
— | 809 | — | Direct |
| Jul 2, 26 | CHANG LESLIE LI HSIEN Director |
— | 809 | — | Direct |
| May 26, 26 | QU SHAWN XIAOHUA Chief Technology Officer |
— | 4.98K | — | Direct |
| May 26, 26 | ZHU XINBO Chief Financial Officer |
— | 2.49K | — | Direct |
| May 26, 26 | MARX DYLAN Chief Operating Officer |
— | 1.66K | — | Direct |
| May 26, 26 | CHANG LESLIE LI HSIEN Director |
SELL | 1.77K | $34.37K | Direct |
| May 21, 26 | QU SHAWN XIAOHUA Chief Technology Officer |
— | 4.58K | — | Direct |
| May 21, 26 | ZHU XINBO Chief Financial Officer |
— | 3.05K | — | Direct |
| May 21, 26 | MARX DYLAN Chief Operating Officer |
— | 1.53K | — | Direct |
| May 21, 26 | MARX DYLAN Chief Operating Officer |
— | 1.53K | — | Direct |
| May 19, 26 | WONG ANDREW LUEN CHEUNG Director |
SELL | 1.75K | $28.62K | Direct |
| May 13, 26 | QU SHAWN XIAOHUA Chief Technology Officer |
— | 8.13K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
CHANG LESLIE LI HSIEN |
Director | 805 | Conversion of Exercise of derivative security |
CHEN YU |
Officer | 4.36K | Conversion of Exercise of derivative security |
MARX DYLAN |
Chief Operating Officer | 4.55K | Conversion of Exercise of derivative security |
QU SHAWN XIAOHUA |
Chief Technology Officer | 14.07M | Conversion of Exercise of derivative security |
RUDA HARRY E |
Director | 46.00K | Conversion of Exercise of derivative security |
TEMPLETON LAUREN CORTNEY |
Director | 24.60K | Conversion of Exercise of derivative security |
WONG ANDREW LUEN CHEUNG |
Director | 805 | Conversion of Exercise of derivative security |
ZHU XINBO |
Chief Financial Officer | 150.84K | Conversion of Exercise of derivative security |
Moving averages & technicals
SMA 10
15.22
-4.56% from price
SMA 20
15.10
-3.62% from price
SMA 50
15.24
-4.50% from price
SMA 100
15.64
-7.10% from price
SMA 200
18.64
-21.96% from price
EMA 12
15.10
-3.78% from price
EMA 26
15.18
-4.27% from price
EMA 50
15.42
-5.80% from price
RSI (14)
44.9
Neutral
MACD (12,26,9)
-0.08
Hist -0.05
ATR (14)
0.90
6.22% of price
Realised vol 30D
63.1%
Annualised
Bollinger upper
16.58
20, 2σ
Bollinger lower
13.62
20, 2σ
50 / 200 cross
Death
15.24 vs 18.64
Trend bias
Below 200
-21.96%
Risk profile
Beta vs SPY
2.61
More volatile than market
Correlation to SPY
0.35
Loosely linked
Realised vol 30D
63.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-63.9%
Peak to trough
Max drawdown 5Y
-85.6%
Peak to trough
ATR 14
0.90
6.22% of price
Beta (reported)
1.54
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
2.68
Put-heavy session
Put / call open interest
0.46
Positioning, not flow
Max pain
14.50
-0.3% from spot
ATM implied vol
106.1%
Nearest strike to spot
Skew (10% OTM)
-14.1%
Calls bid over puts
Call volume
425
Contracts, this expiry
Put volume
1.14K
Contracts, this expiry
Heaviest call OI
18.00
1.64K contracts
Heaviest put OI
14.00
1.18K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Patent Win And KuBank 3.0 Safety Milestone Might Change The Case For Investing In Canadian Solar (CSIQ)
Simply Wall St. · 13h ago
CANADIAN SOLAR ANNOUNCES RESOLUTION OF MAXEON U.S. PATENT LITIGATION
PR Newswire · 4d ago
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Canadian Solar Unit Recurrent Energy Receives $695 Million In Project Financing
MT Newswires · 9d ago
Recurrent Energy Secures $695 Million in Project Financing for 330 MW California Solar Project
PR Newswire · 9d ago
E-STORAGE's KuBank 3.0 for C&I Applications Successfully Passes Large-Scale Fire Testing
PR Newswire · 9d ago
Canadian Solar's Recurrent Energy Commissions 150-MW Australia Solar Facility
MT Newswires · 10d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.