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 $9.45, up 4.77% from the previous day, and has decreased 42.2% in one year. It has overperformed other stocks in the Solar industry by 0.54 percentage points. Canadian Solar stock is currently +43.95% from its 52-week low of $6.57, and -55.11% from its 52-week high of $21.05.
There are currently 66.95M CSIQ shares outstanding. The market value of CSIQ is $632.72M. In the last 24 hours, 1.55M 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.
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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 17.5x, relative to Solar industry P/E ratio of 18.24x
- CSIQ could be undervalued based on its P/B ratio of 0.22x, relative to Solar industry P/B ratio of 1.47x
You can access additional valuation research on CSIQ's stock here.
Is CSIQ a healthy company?
Positive Financial Indicators:
- 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.
Negative Financial Indicators:
- CSIQ has a relatively high debt to equity ratio of 3.33.
- CSIQ has $2.28B in cash and short term investments. This is not enough to cover its annual cash burn of $2.76B.
- Total CSIQ debt is higher than 5 years ago, relative to shareholder equity.
- CSIQ profit margin has gone down from 3.6% to 0.6% in the past year.
- CSIQ has cash burn of 2755735000. It does not have sufficient cash and short-term investments to cover this.
Is Canadian Solar stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 5 sell side analysts who track CSIQ, the consensus analyst rating on Canadian Solar is a Hold
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Canadian Solar stock forecast page.
CSIQ Technicals
CSIQ Performance Numbers
Last year, CSIQ earnings were $36.05M. During the past 5 year, CSIQ's earnings have increased by -28.45% per year. This was slower than the Solar industry average of 37.51%.
Last year, CSIQ revenue was $5.99B. In the past five year, CSIQ's revenue has grown by 13.37% per year. This was faster than the Solar industry average of 12.84%.
Learn more about CSIQ's earnings and revenue performance here.
Latest Insiders Trades at CSIQ
In the past year, insiders at CSIQ have not bought or sold any shares.
Dig into more about who owns CSIQ stock here.
Can I get consistent income from CSIQ stock?
No, Canadian Solar doesn't provide an income stream by paying out dividends.
Get analysis from other investors
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Step 5: Execute your CSIQ buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you require more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your CSIQ investment
Now that you own some CSIQ shares, you'll want to stay up-to-date on your new investment.
Start a watchlist to track your CSIQ stock.
CSIQ Feed
How to Buy Stock in Canadian Solar
To reiterate, here are the 6 steps you need to take to buy Canadian Solar stock right now:
- 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 are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your new investment in Canadian Solar, click below.
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