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Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the United States, Europe, and internationally. It operates through two segments, Manufacturing and Recurrent Energy. The Manufacturing Segment focuses on manufacturing and selling solar, battery energy storage and other power technology products, and CSI Solar. It also offers standard solar modules, battery storage solutions, solar system kits, such as inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction services, as well as operates battery energy storage projects. The Recurrent Energy Segment develops, builds, sells, and operates solar power and battery energy storage projects; operates solar power plants; and sells electricity and other services. This segment also provides power operation and maintenance services, including monitor, inspects, repair, and replace of plant equipment, and site management and administrative support services for solar projects, as well as asset management services. The company offers power plant level, commercial, household products, inverter, photovoltaic modules; and sells electricity and smart energy. It serves distributors, system integrators, project developers, installers, and EPC companies, as well as caters to utility companies, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial, or government end users primarily under its Canadian Solar brand name. The company sells its products under CSI, CS PowerTech, CSI Solar, Recurrent Energy, e-STORAGE, SolBank, KuBank, and EP Cube brand names. Canadian Solar Inc. was incorporated in 2001 and is based in Kitchener, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Canadian Solar Inc manufactures solar photovoltaic modules and develops, sells and operates solar power and energy storage projects globally. Its growth may benefit from accelerating renewable deployment, rising demand for utility-scale projects and energy storage, and scale advantages from integrated manufacturing and project development that could support steadier revenue streams.
Key risks include module-price and commodity volatility, exposure to trade measures and tariffs, execution and financing risks on project pipelines, and intense competition that may pressure margins.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -169.61M | -94.44M | 423.13M | 356.47M | 138.46M |
| Minority interest | 79.64M | 113.91M | -112.25M | -58.59M | -14.63M |
| Net income | -104.13M | 36.05M | 274.19M | 239.97M | 95.25M |
| Selling general administrative | 964.40M | 515.20M | 440.49M | 342.13M | 308.94M |
| Selling and marketing expenses | - | 487.95M | 369.67M | 558.93M | 398.65M |
| Gross profit | 1026.23M | 999.32M | 1279.98M | 1263.14M | 909.31M |
| Reconciled depreciation | 555.05M | 501.44M | 307.04M | 234.56M | 282.77M |
| Ebit | - | 55.17M | 522.62M | 356.06M | -81.34M |
| Ebitda | -28.86M | 556.61M | 829.66M | 396.68M | 201.43M |
| Depreciation and amortization | - | 501.44M | 307.04M | 40.62M | 282.77M |
| Operating income | -28.86M | -30.08M | 453.32M | 356.06M | -81.34M |
| Other operating expenses | 5623.96M | 6023.49M | 7160.31M | 7112.55M | 5086.79M |
| Interest expense | 178.17M | 137.47M | 114.10M | 74.27M | 58.15M |
| Tax provision | 14.15M | -16.58M | 86.00M | 73.35M | 35.84M |
| Interest income | 46.05M | 88.47M | 45.28M | 40.62M | 11.05M |
| Net interest income | -132.11M | -49.00M | -55.77M | -33.65M | -47.10M |
| Income tax expense | 14.15M | -16.58M | 59.50M | 73.35M | 35.84M |
| Total revenue | 5595.11M | 5993.41M | 7613.63M | 7468.61M | 5277.17M |
| Total operating expenses | 1055.08M | 1029.40M | 826.66M | 907.08M | 718.93M |
| Cost of revenue | 4568.88M | 4994.09M | 6333.64M | 6205.47M | 4367.86M |
| Total other income expense net | -140.76M | -64.36M | -30.18M | 0.41M | 219.80M |
| Net income from continuing ops | -183.76M | -77.86M | 465.66M | 298.56M | 109.88M |
| Net income applicable to common shares | - | - | - | 239.97M | 95.25M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 15171.73M | 13511.55M | 11895.76M | 9037.13M | 7388.34M |
| Intangible assets | 31.98M | 31.03M | 19.73M | 85.62M | 90.00M |
| Other current assets | 837.50M | 575.10M | 292.88M | 653.90M | 1028.28M |
| Total liab | 10902.10M | 9361.75M | 8190.52M | 6730.43M | 5261.90M |
| Total stockholder equity | 2807.97M | 2815.50M | 2559.24M | 1941.64M | 1801.08M |
| Other current liab | 1300.45M | 1390.15M | 1954.72M | 1171.50M | 913.40M |
| Common stock | 835.54M | 835.54M | 835.54M | 835.54M | 835.54M |
| Capital stock | 835.54M | 835.54M | 835.54M | 835.54M | 835.54M |
| Retained earnings | 1481.63M | 1585.76M | 1549.71M | 1275.52M | 1035.55M |
| Other liab | - | - | - | 360.56M | 452.23M |
| Other assets | - | 0.00M | - | 963.03M | 882.27M |
| Cash | 1912.12M | 2252.87M | 2938.62M | 981.43M | 869.83M |
| Total current liabilities | 5850.39M | 5665.33M | 5864.39M | 5258.77M | 4038.15M |
| Current deferred revenue | 162.59M | 204.83M | 392.31M | 334.94M | 135.51M |
| Net debt | 5767.45M | 3658.12M | 1536.91M | 3030.69M | 2387.93M |
| Short term debt | 3508.52M | 3007.48M | 2703.69M | 2947.03M | 2486.24M |
| Short long term debt | 3481.74M | 2739.74M | 2683.48M | 2937.22M | 2474.05M |
| Short long term debt total | 7679.57M | 5911.00M | 4475.53M | 4012.12M | 3257.76M |
| Other stockholder equity | 568.92M | 590.58M | 292.74M | 1.13M | -19.43M |
| Property plant equipment | - | - | - | 2295.06M | 1545.43M |
| Total current assets | 5429.60M | 5522.70M | 5814.66M | 5644.66M | 4771.83M |
| Long term investments | 289.60M | 232.98M | 236.93M | 115.78M | 98.82M |
| Net tangible assets | - | - | - | 1924.11M | 1711.08M |
| Short term investments | - | - | 19.32M | - | - |
| Net receivables | 1328.56M | 1488.13M | 1209.70M | 1236.11M | 887.54M |
| Long term debt | 3816.55M | 2878.09M | 1655.00M | 1039.38M | 748.31M |
| Inventory | 1351.41M | 1206.60M | 1373.46M | 1524.10M | 1192.37M |
| Accounts payable | 878.83M | 1062.87M | 813.68M | 805.30M | 503.00M |
| Accumulated other comprehensive income | -78.12M | -196.38M | -118.74M | -170.55M | -50.58M |
| Non currrent assets other | 2798.41M | 1634.85M | 1243.90M | 734.87M | 645.76M |
| Non current assets total | 9742.13M | 7988.85M | 6081.10M | 3392.47M | 2616.51M |
| Capital lease obligations | 381.29M | 293.18M | 137.05M | 35.52M | 35.40M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -119.49M | -1962.26M | -1432.47M | -630.49M | -37.02M |
| Change to liabilities | - | - | - | 561.39M | -110.36M |
| Total cashflows from investing activities | -1503.49M | -1962.26M | - | -630.49M | -429.57M |
| Net borrowings | 1205.06M | 1657.64M | - | 443.12M | 472.87M |
| Total cash from financing activities | 1347.51M | 2319.77M | 2052.83M | 428.64M | 614.07M |
| Change to operating activities | - | - | - | 516.57M | 105.51M |
| Net income | -104.13M | -77.86M | 274.19M | 298.56M | 109.88M |
| Change in cash | -340.75M | -682.41M | 976.93M | 535.22M | -205.43M |
| Begin period cash flow | 2252.87M | 2946.43M | 1969.50M | 1434.28M | 1639.71M |
| End period cash flow | 1912.12M | 2264.02M | 2946.43M | 1969.50M | 1434.28M |
| Total cash from operating activities | -252.74M | -885.32M | 684.62M | 916.63M | -408.25M |
| Issuance of capital stock | 0.00M | 482.24M | 927.90M | 803.64M | 148.51M |
| Depreciation | 555.05M | 501.44M | 307.04M | 234.56M | 282.77M |
| Other cashflows from investing activities | -112.04M | 12.53M | -136.08M | 9.78M | 76.64M |
| Dividends paid | - | - | - | - | 0.00M |
| Change to inventory | -110.40M | -312.52M | 182.77M | -406.34M | -518.74M |
| Change to account receivables | 327.54M | -329.18M | 15.41M | -357.28M | -284.79M |
| Sale purchase of stock | -70.14M | -79.58M | - | 0.00M | 0.00M |
| Other cashflows from financing activities | 1201.91M | 662.13M | 900.36M | -14.49M | -7.30M |
| Change to netincome | - | - | - | 193.04M | 67.13M |
| Capital expenditures | 1391.45M | 1870.41M | 1525.46M | 628.00M | 429.50M |
| Change in working capital | -969.07M | -1652.00M | -262.21M | 285.12M | -886.75M |
| Stock based compensation | 24.41M | 21.40M | 55.34M | 9.37M | 8.81M |
| Other non cash items | 820.45M | 419.89M | 310.26M | 72.12M | 83.56M |
| Free cash flow | -1644.19M | -2755.74M | -840.85M | 288.63M | -837.75M |
Sector: Technology Industry: Solar
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CSIQ Canadian Solar Inc |
-0.38 4.12% |
8.85 | - | 21.51 | 0.15 | 0.32 | 1.29 | 12.16 |
| FSLR First Solar Inc |
-3.84 2.23% |
168.15 | 13.14 | 11.49 | 3.84 | 2.17 | 3.54 | 8.58 |
| NXT Nextpower Inc. |
-2.41 3.05% |
76.48 | 21.39 | 18.42 | 3.38 | 4.90 | 3.30 | 15.84 |
| ENPH Enphase Energy Inc |
-1.24 3.92% |
30.36 | 136.61 | 18.32 | 6.79 | 9.24 | 6.51 | 53.17 |
| XISHY Xinyi Solar Holdings Limited |
- -% |
5.01 | 11.55 | 14.93 | 0.22 | 1.24 | 0.24 | 1.12 |
Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the United States, Europe, and internationally. It operates through two segments, Manufacturing and Recurrent Energy. The Manufacturing Segment focuses on manufacturing and selling solar, battery energy storage and other power technology products, and CSI Solar. It also offers standard solar modules, battery storage solutions, solar system kits, such as inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction services, as well as operates battery energy storage projects. The Recurrent Energy Segment develops, builds, sells, and operates solar power and battery energy storage projects; operates solar power plants; and sells electricity and other services. This segment also provides power operation and maintenance services, including monitor, inspects, repair, and replace of plant equipment, and site management and administrative support services for solar projects, as well as asset management services. The company offers power plant level, commercial, household products, inverter, photovoltaic modules; and sells electricity and smart energy. It serves distributors, system integrators, project developers, installers, and EPC companies, as well as caters to utility companies, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial, or government end users primarily under its Canadian Solar brand name. The company sells its products under CSI, CS PowerTech, CSI Solar, Recurrent Energy, e-STORAGE, SolBank, KuBank, and EP Cube brand names. Canadian Solar Inc. was incorporated in 2001 and is based in Kitchener, Canada.
4273 King Street East, Kitchener, ON, Canada, N2P 2E9
519 837 1881
12587
| Name | Title | Year Born |
|---|---|---|
| Dr. Xiaohua Qu | Chairman, Pres & CEO | 1964 |
| Dr. Huifeng Chang | Sr. VP, CFO & Director | 1966 |
| Dr. Guoqiang Xing | Sr. VP & CTO | 1963 |
| Mr. Ed Job M.Sc., CFA | Managing Director of Investor Relations | NA |
| Mr. Jianyi Zhang | Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. | 1958 |
| Mr. Yan Zhuang | Director | 1964 |
| Ms. Julie E. Ungerleider | Managing Director of Global EPC - Global Energy Group | NA |
| Mr. Ismael Guerrero Arias | Corp. VP & Pres of the Energy business | 1975 |
| Ms. Mary Ma | Sr. Supervisor of Investor Relations | NA |
| Ms. Zhang Zhang | Director of Investor Relations & Strategic Analysis | 1994 |
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