Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products primarily under the Canadian Solar brand name. The company operates through Module, Energy Development, and Electricity Generation segments. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems. The company also provides specialty solar products consisting of Andes Solar Home System, an off-grid solar system, designed to provide an economical source of electricity to homes and communities without access to grid; and Maple Solar System, a clean energy solution for families, as well as solar system kits, which are a ready-to-install packages, such as inverters, racking system, and other accessories. In addition, it develops, builds, and sells solar power projects; performs the engineering, procurement, and construction (EPC) work for the solar projects; and offers operation and maintenance services that include inspection, repair, and replacement of plant equipment, site management, and administrative support services. It offers its products to distributors, system integrators, project developers, and installers/EPC companies. The company has operations in North America, South America, Europe, Africa, the Middle East, Australia, and Asia. Canadian Solar Inc. was founded in 2001 and is based in West Guelph, Canada.
Canadian Solar Inc. (NASDAQ:CSIQ) stock climbed over 12% before the trading commenced today, as the company announced first quarter of fiscal 2016 (1QFY16) earnings results. It generated $0.39 in earnings per share (EPS), which topped the Street’s estimate of $0.14. Net revenue clocked in at $721.4 million, and also surpassed the analysts’ expectation of $663.74 million. Total solar module shipments during the reported period were 1,198 MW, as opposed to 1,398 MW in last year’s comparable quarter. The solar company energized six solar power plants, which totaled 39.4 MW in the UK. It currently operates solar power plants worth 437.5 MW.
They beat but missed on revenue Canadian Solar Inc. (CSIQ) reported its third-quarter financial results before the markets opened on Monday. The company said that it had $0.29 in earnings per share (EPS) and $657.3 million in revenue. There were consensus estimates that called for $0.27 in EPS and $685.28 million in revenue. The same period from last year had $0.53 in EPS and $849.81 million in revenue. https://finance.yahoo.com/news/canadian-solar-earnings-aren-t-143452814.html
I was in this one, made a small profit and got out. Maintaining it in my watch list and it is really screaming value at me. The valuations I look at are Price to Book as .7, Price to Sales .2 with a PE of 4. It also as a book value of $16 and quick ratio of 1, current ratio of 1.1 which have been stable over the past few years so debt is well managed. Price is down due to a setback in revenue and eps but projections look good. Current market conditions are making me wait a little to see if we get more of a dip back to or under 10 but if these ratios hold up this one could make a nice pop when buyers recognize the value. Does anyone that looks in depth at some of these see anything negative about this company?
A lot of people got caught in the Oct rally last year, this is finally close to a break over point for them!
The stock will likely start popping at open, just be up at 6am EST get your popcorn or chips and dip, cola and watch the party!
