How to Buy Canadian Solar Stock
Canadian Solar Inc
Canadian Solar Inc. , together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally.
Canadian Solar stock last closed at $14.53, down 3.9% from the previous day, and has decreased 64.5% in one year. It has underperformed other stocks in the Solar industry by 0.07 percentage points. Canadian Solar stock is currently +2.98% from its 52-week low of $14.11, and -67.92% from its 52-week high of $45.29.
There are currently 66.04M CSIQ shares outstanding. The market value of CSIQ is $959.49M. In the last 24 hours, 3.37M CSIQ shares were traded.
How to Buy Canadian Solar Stock
Not sure how to invest in Canadian Solar stock? Here's how.
- Figure out where to buy Canadian Solar stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you determine where to buy Canadian Solar stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your method of payment and add your info.
- Evaluate Canadian Solar stock: The Canadian Solar ticker symbol is CSIQ. Is Canadian Solar stock a good investment? Should you buy shares of CSIQ? How do CSIQ's underlying business fundamentals look? Do top analysts think Canadian Solar is a good buy? Why has CSIQ's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if CSIQ is a good stock to buy).
- Execute your CSIQ buy order: Decide if you will purchase CSIQ shares at the current market price or use a limit order to buy CSIQ shares at a particular price.
- Get key alerts regarding your CSIQ investment: Create a watchlist to get live updates on your position in Canadian Solar shares.
Step 1: Figure out where to buy Canadian Solar stock
You will need a brokerage account to access the NASDAQ market and buy CSIQ stock.
Our favorite brokerage: eToro
In our opinion, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world financial markets: From Tech to Energy, New York to Shanghai — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal info so you are able to invest in CSIQ stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open a new brokerage account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on the best investment app, you need to deposit funds:
Check out this video walkthrough for more details depositing money into your brokerage account.
Step 4: Evaluate Canadian Solar stock
Once you have identified the best place to buy Canadian Solar stock, it's critical to analyze their stock prior to buying, so you actually comprehend the risk as well as the opportunity.
Canadian Solar shares at a glance
CSIQ Fundamentals
WallStreetZen was created to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on CSIQ's stock page.
Is CSIQ stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CSIQ's true value.
Using relative valuations metrics:
- CSIQ may be undervalued based on its P/E ratio of 3.47x, relative to Solar industry P/E ratio of 25.36x
- CSIQ could be undervalued based on its P/B ratio of 0.37x, relative to Solar industry P/B ratio of 2.43x
- CSIQ could be undervalued based on its PEG ratio of 0.1x
You can access more valuation research on CSIQ's stock here.
CSIQ Financial Health
Positive Financial Indicators:
- CSIQ has $2.96B in cash and short term investments. This is enough to cover its annual cash burn of $840.85M.
- CSIQ has cash burn of 840845000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the CSIQ balance sheet.
- There are more short-term assets than long-term liabilities on the CSIQ balance sheet.
- CSIQ profit margin has gone up from 3.2% to 3.6% in the past year.
Negative Financial Indicators:
- CSIQ has a relatively high debt to equity ratio of 3.2.
- Total CSIQ debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy Canadian Solar stock
Out of 7 Wall Street analysts who give forecasts on CSIQ, the consensus analyst rating on CSIQ is a Hold
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest CSIQ Analyst Forecasts
Colin Rusch, a bottom 14% analyst from Oppenheimer maintains CSIQ with a buy rating and lowers their CSIQ price target from $68.00 to $51.00, on Nov 15, 2023.
Mark Strouse, a top 18% analyst from JP Morgan downgrades CSIQ to a strong sell rating and lowers their CSIQ price target from $32.00 to $22.00, on Nov 15, 2023.
You can dive deeper into what analysts are saying on the Canadian Solar stock forecast page.
CSIQ Technicals
Is CSIQ Making Money?
Last year, CSIQ earnings were $274.19M. During the past 5 year, CSIQ's earnings have increased by 0.83% per year. This was slower than the Solar industry average of 22.48%.
Last year, CSIQ revenue was $7.61B. In the past five year, CSIQ's revenue has increased by 15.25% per year. This was slower than the Solar industry average of 26.76%.
Find out more about CSIQ's earnings and revenue performance here.
Who is buying/selling CSIQ?
In the last year, insiders at CSIQ have not bought or sold any shares.
Get more info about who owns CSIQ shares here.
Can I get consistent income from CSIQ stock?
No, Canadian Solar doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your CSIQ buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Click the Open button and your broker will execute the order.
If you require additional info about investing in stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your CSIQ investment
Now that you own some shares in CSIQ, you'll want to stay up-to-date on your new stock purchase.
Create a watchlist to track the latest developments regarding your CSIQ stock.
CSIQ Feed
How to Buy Stock in Canadian Solar
To reiterate, here are the 6 steps for buying Canadian Solar stock:
- Figure out where to buy Canadian Solar stock
- Open your brokerage account
- Deposit money your brokerage account
- Evaluate Canadian Solar stock
- Execute your CSIQ buy order
- Get key alerts regarding your CSIQ investment
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Canadian Solar, create your watchlist below.
More Stock Buying Guides You Might Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.