Canadian Solar (CSIQ)

• Market cap: $717M
• 1 day: -1.90%
• 5 days: -10.86%
• 1 month: -7.59%
• 3 months: -14.17%
• 6 months: -32.25%
• Year to date: -9.97%
• 1 year: -48.50%
• 5 years: -50.75%
• 10 years: -43.69%

About: Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing, and manufacturing solar ingots, wafers, cells, modules, and other solar power products. It operates through two business segments CSI Solar and Recurrent Energy segment. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. Its Recurrent segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets.

Employees: 22,234

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more capital invested

Capital invested by funds: $457M [Q2] → $548M (+$90.6M) [Q3]

2.69% more ownership

Funds ownership: 46.77% [Q2] → 49.47% (+2.69%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

4% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 49

11% less funds holding

Funds holding: 150 [Q2] → 133 (-17) [Q3]

45% less call options, than puts

Call options by funds: $46.1M | Put options by funds: $83.7M

52% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 29

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 8% downside
• Avg. target: $13.79 27% upside
• High target: $20 85% upside

4 analyst ratings

• positive: 2 50%
• neutral: 1 25%
• negative: 1 25%

Wells Fargo Michael Blum 79% 1-year accuracy 27 / 34 met price target	8% downside $10	Equal-Weight Maintained	8 Jan 2025
Mizuho Maheep Mandloi 22% 1-year accuracy 4 / 18 met price target	85% upside $20	Outperform Initiated	13 Dec 2024
Jefferies Johnson Wan 50% 1-year accuracy 1 / 2 met price target	31% upside $14.15	Buy Initiated	22 Nov 2024
Citigroup Vikram Bagri 60% 1-year accuracy 6 / 10 met price target	1% upside $11	Sell Downgraded	22 Oct 2024