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Trump Trade: Conservatives fight to end IRA tax credits sooner
Wed 21 May 25, 02:30 PMTop Growth Companies With Strong Insider Ownership
Fri 16 May 25, 05:41 PMCanadian Solar Q1 Loss Lower Than Expected, Revenues Fall Y/Y
Fri 16 May 25, 02:15 PMCanadian Solar First Quarter 2025 Earnings: Beats Expectations
Fri 16 May 25, 12:21 PMCanadian Solar Inc (CSIQ) Q1 2025 Earnings Call Highlights: Navigating Challenges with ...
Fri 16 May 25, 07:07 AMQ1 2025 Canadian Solar Inc Earnings Call
Fri 16 May 25, 04:08 AMWhy First Solar Has Surged More Than 40% in One Month
Thu 15 May 25, 11:00 PMCanadian Solar (CSIQ) Reports Q1 Loss, Tops Revenue Estimates
Thu 15 May 25, 11:10 AMCanadian Solar Reports First Quarter 2025 Results
Thu 15 May 25, 10:00 AMCore Natural Resources (CNR) Reports Q1 Loss, Tops Revenue Estimates
Thu 08 May 25, 01:25 PM| 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 | -169.61400M | -94.43800M | 423.13M | 356.47M | 138.46M |
| Minority interest | 79.64M | 113.91M | -112.25100M | -58.58700M | -14.62800M |
| Net income | -104.12600M | 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 | -81.33700M |
| Ebitda | -28.85700M | 556.61M | 829.66M | 396.68M | 201.43M |
| Depreciation and amortization | - | 501.44M | 307.04M | 40.62M | 282.77M |
| Non operating income net other | - | - | - | - | - |
| Operating income | -28.85700M | -30.08100M | 453.32M | 356.06M | -81.33700M |
| 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 | -16.57600M | 86.00M | 73.35M | 35.84M |
| Interest income | 46.05M | 88.47M | 45.28M | 40.62M | 11.05M |
| Net interest income | -132.11200M | -48.99800M | -55.77100M | -33.65100M | -47.10200M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 14.15M | -16.57600M | 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 | -140.75700M | -64.35700M | -30.18500M | 0.41M | 219.80M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | -183.76300M | -77.86200M | 465.66M | 298.56M | 109.88M |
| Net income applicable to common shares | - | - | - | 239.97M | 95.25M |
| Preferred stock and other adjustments | - | - | - | - | - |
| 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 |
| Earning assets | - | - | - | - | - |
| 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 |
| Deferred long term liab | - | - | - | - | - |
| 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 |
| Good will | - | - | - | - | - |
| Other assets | - | 0.00000M | - | 963.03M | 882.27M |
| Cash | 1912.12M | 2252.87M | 2938.62M | 981.43M | 869.83M |
| Cash and equivalents | - | - | - | - | - |
| 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 | -19.42800M |
| 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 |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -78.12500M | -196.37900M | -118.74400M | -170.55100M | -50.58400M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 2798.41M | 1634.85M | 1243.90M | 734.87M | 645.76M |
| Deferred long term asset charges | - | - | - | - | - |
| 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 |
| Long term debt total | - | - | - | - | - |
| 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 | -119.49400M | -1962.25700M | -1432.47400M | -630.48800M | -37.02200M |
| Change to liabilities | - | - | - | 561.39M | -110.36100M |
| Total cashflows from investing activities | -1503.49000M | -1962.25700M | - | -630.48800M | -429.57000M |
| 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 | -104.12600M | -77.86200M | 274.19M | 298.56M | 109.88M |
| Change in cash | -340.75100M | -682.41100M | 976.93M | 535.22M | -205.43300M |
| 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 | -252.74100M | -885.32400M | 684.62M | 916.63M | -408.25400M |
| Issuance of capital stock | 0.00000M | 482.24M | 927.90M | 803.64M | 148.51M |
| Depreciation | 555.05M | 501.44M | 307.04M | 234.56M | 282.77M |
| Other cashflows from investing activities | -112.04400M | 12.53M | -136.08100M | 9.78M | 76.64M |
| Dividends paid | - | - | - | - | 0.00000M |
| Change to inventory | -110.40300M | -312.52200M | 182.77M | -406.34300M | -518.74100M |
| Change to account receivables | 327.54M | -329.17700M | 15.41M | -357.27600M | -284.78500M |
| Sale purchase of stock | -70.13500M | -79.58200M | - | 0.00000M | 0.00000M |
| Other cashflows from financing activities | 1201.91M | 662.13M | 900.36M | -14.48600M | -7.30400M |
| Change to netincome | - | - | - | 193.04M | 67.13M |
| Capital expenditures | 1391.45M | 1870.41M | 1525.46M | 628.00M | 429.50M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -969.06800M | -1651.99900M | -262.20600M | 285.12M | -886.74500M |
| 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 | -1644.18700M | -2755.73500M | -840.84500M | 288.63M | -837.75400M |
Sector: Technology Industry: Solar
| Company | 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 |
0.97 6.15% | 16.73 | - | 21.51 | 0.15 | 0.32 | 1.29 | 12.16 |
| FSLR First Solar Inc |
-3.86 1.42% | 267.31 | 13.14 | 11.49 | 3.84 | 2.17 | 3.54 | 8.58 |
| ENPH Enphase Energy Inc |
-0.34 0.62% | 54.59 | 136.61 | 18.32 | 6.79 | 9.24 | 6.51 | 53.17 |
| NXT Nextracker Inc. Class A Common Stock |
2.20 1.84% | 121.88 | 16.44 | 12.44 | 2.71 | 15.50 | 2.46 | 15.56 |
| XISHY Xinyi Solar Holdings Limited |
- -% | 6.41 | 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
| 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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