Canadian Solar Inc. (CSIQ) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Canadian Solar Inc. Do?
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company's primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada. Canadian Solar Inc. (CSIQ) is classified as a small-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO Shawn Qu and employs approximately 13,500 people, headquartered in Guelph, Ontario. With a market capitalization of $914M, CSIQ is one of the notable companies in the Technology sector.
Canadian Solar Inc. (CSIQ) Stock Rating — Avoid (April 2026)
As of April 2026, Canadian Solar Inc. receives a Avoid rating with a composite score of 34.6/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.CSIQ ranks #3,916 out of 4,446 stocks in our coverage universe. Within the Technology sector, Canadian Solar Inc. ranks #483 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
CSIQ Stock Price and 52-Week Range
Canadian Solar Inc. (CSIQ) currently trades at $12.54. The stock gained $0.23 (1.9%) in the most recent trading session. The 52-week high for CSIQ is $34.59, which means the stock is currently trading -63.7% from its annual peak. The 52-week low is $6.57, putting the stock 91.1% above its annual trough. Recent trading volume was 1.8M shares, reflecting moderate market activity.
Is CSIQ Overvalued or Undervalued? — Valuation Analysis
Canadian Solar Inc. (CSIQ) carries a value factor score of 42/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 22.80x, compared to the Technology sector average of 45.27x — a discount of 50%. The price-to-book ratio stands at 0.29x, versus the sector average of 3.16x. The price-to-sales ratio is 0.03x, compared to 1.06x for the average Technology stock. On an enterprise value basis, CSIQ trades at 2.19x EV/EBITDA, versus 12.79x for the sector.
Overall, CSIQ's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Canadian Solar Inc. Profitability — ROE, Margins, and Quality Score
Canadian Solar Inc. (CSIQ) earns a quality factor score of 27/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -11.1%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -2.3% versus the sector average of -1.0%.
On a margin basis, Canadian Solar Inc. reports gross margins of 16.7%, compared to 50.9% for the sector. The operating margin is -0.5% (sector: -0.5%). Net profit margin stands at -1.3%, versus -1.5% for the average Technology stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
CSIQ Debt, Balance Sheet, and Financial Health
Canadian Solar Inc. has a debt-to-equity ratio of 177.0%, compared to the Technology sector average of 43.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. Total debt on the balance sheet is $4.98B. Cash and equivalents stand at $1.70B.
CSIQ has a beta of 2.17, meaning it is more volatile than the broader market — a $10,000 investment in CSIQ would be expected to move 117.1% more than the S&P 500 on any given day. The stability factor score for Canadian Solar Inc. is 16/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
Canadian Solar Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Canadian Solar Inc. reported revenue of $5.99B and earnings per share (EPS) of $0.54. Net income for the quarter was $-78M. Gross margin was 16.7%. Operating income came in at $-30M.
In FY 2024, Canadian Solar Inc. reported revenue of $5.99B and earnings per share (EPS) of $0.54. Net income for the quarter was $-78M. Gross margin was 16.7%. Revenue grew -21.3% year-over-year compared to FY 2023. Operating income came in at $-30M.
In FY 2023, Canadian Solar Inc. reported revenue of $7.61B and earnings per share (EPS) of $4.19. Net income for the quarter was $364M. Gross margin was 16.8%. Revenue grew 1.9% year-over-year compared to FY 2022. Operating income came in at $453M.
In FY 2022, Canadian Solar Inc. reported revenue of $7.47B and earnings per share (EPS) of $3.73. Net income for the quarter was $299M. Gross margin was 16.9%. Revenue grew 41.5% year-over-year compared to FY 2021. Operating income came in at $356M.
Over the past 8 quarters, Canadian Solar Inc. has demonstrated a growth trajectory, with revenue expanding from $3.74B to $5.99B. Investors analyzing CSIQ stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
CSIQ Dividend Yield and Income Analysis
Canadian Solar Inc. (CSIQ) does not currently pay a dividend. This is common among smaller companies in the Electronic Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
CSIQ Momentum and Technical Analysis Profile
Canadian Solar Inc. (CSIQ) has a momentum factor score of 48/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 28/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 38/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
CSIQ vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, Canadian Solar Inc. (CSIQ) ranks #483 out of 584 stocks based on the Blank Capital composite score. This places CSIQ in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing CSIQ against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CSIQ vs S&P 500 (SPY) comparison to assess how Canadian Solar Inc. stacks up against the broader market across all factor dimensions.
CSIQ Next Earnings Date
No upcoming earnings date has been announced for Canadian Solar Inc. (CSIQ) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy CSIQ? — Investment Thesis Summary
The quantitative profile for Canadian Solar Inc. suggests caution. The quality score of 27/100 flags below-average profitability. High volatility (stability score 16/100) increases portfolio risk.
In summary, Canadian Solar Inc. (CSIQ) earns a Avoid rating with a composite score of 34.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CSIQ stock.
Related Resources for CSIQ Investors
Explore more research and tools: CSIQ vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare CSIQ head-to-head with peers: CSIQ vs IHS, CSIQ vs VRSN, CSIQ vs ESE.