Loading…

Canadian Solar Inc.CSIQCompetitor analysis, valuation and peers

United States · USD·Information Technology›Semiconductors
Momentum laggard 16
Mkt cap
$755M
US dollars, full cap
Free float
70%
of shares outstanding
$/day
$20.7M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-6.6 pp
WACC 6.0%
Hurdle
n/a
no reverse DCF
Next earnings
6 days
12 Nov 2026
Close · USD$11.12
1D+7.9%
1W+20.1%
1M+0.9%
3M-28.7%
6M-44.6%
YTD-53.2%
1Y-55.5%
ATR %7.3%
Beta2.45
52w lowhigh67.8% off high

What Canadian Solar does

Employees: 12,587

Canadian Solar at a glance

Size Canadian Solar (CSIQ) is a United States Information Technology company (Semiconductors) with a market value of $755M, the 2432nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.12 on 6 Nov 2026.

Performance Over six months the shares fell 44.6%, against -29.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 19 in its peer set.

Growth Revenue fell 15.7% over the last twelve months (peer median +28.1%); the operating margin is -1.7% (peer median -5.8%).

Valuation It trades at 1.7× enterprise value to sales against a peer median of 4.5× (5th cheapest of 21).

Capital Return on invested capital runs 6.6 points below its cost of capital (6.0% WACC).

Backlog Backlog (remaining performance obligations) was $456M at 31 Dec 2025, up 9% on a year earlier — 0.1 years of trailing revenue. Backlog detail →

Short interest Short interest is 28.6% of the free float (15 Oct 2026).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

40608010011 May 202611 Aug 20266 Nov 2026Peer median 71CSIQ 56
Six months, rebased to 100: Canadian Solar against the median of its 20 peers (local-currency closes).

Canadian Solar financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$4.99B$5.60B$5.99B$7.61B$7.47B
Revenue growth—-7%-21%+2%—
Gross profit$820M$1.09B$999M$1.28B$1.26B
EBITDA$438M$662M$450M$724M$537M
Net income-$186M-$104M$36.1M$274M$240M
Free cash flow-$1.87B-$1.92B-$2.53B-$250M-$425M
Capital expenditure$1.02B$1.39B$1.87B$1.53B$628M
Total debt$7.97B$7.82B$5.91B$4.48B$4.01B

Quarterly statements and history in the cockpit →

Canadian Solar competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%-50%-25%0%+25%5314CEVA300046AEVA0030266884290022183227000670688348036540688689AOSL600207322000688601XFAB1799CSIQ6-month return →1-month return →
Up and to the right = strong over both horizons. Canadian Solar is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%2.5×5×7.5×10×5314CEVA300046AEVA003026688429667500221832270006706883480365406886891191AOSL600207322000688601XFAB1799CSIQRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Canadian Solar is the large dot.

Canadian Solar competitors and peer comparison

How Canadian Solar compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Canadian Solar against its 20 peers (data as of 6 Nov 2026)
MeasureCSIQPeer medianRank in peer set
1-month return+0.9%-12.6%3rd highest of 21
6-month return-44.6%-29.9%2nd lowest of 19
Distance from 52-week high-67.8%-55.7%3rd lowest of 21
Revenue growth (TTM)-15.7%+28.1%3rd lowest of 21
Operating margin-1.7%-5.8%9th highest of 21
EV / Sales1.7×4.5×5th cheapest of 21
ROIC minus cost of capital-6.6 pp-7.1 pp8th highest of 20
EV / EBITDA19.1×15.2×2nd most expensive of 4
Net debt / EBITDA14.0×1.0×most indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Canadian Solar CSIQUnited States$755M-45%-16%-2%1.7×n/an/a
Myson Century 5314.TWOTaiwan$759M-39%+235%19%5.9×9.2%+172.5%
CEVA CEVAUnited States$763M-27%+9%-10%4.8×n/an/a
Tech Semiconductors 300046.SZChina$766M-33%+27%8%9.2×45.7%-1.6%
Aeva Technologies AEVAUnited States$767M-34%+56%-611%33.4×n/an/a
Zhejiang MTCN Technology 003026.SZChina$742M-24%+29%17%9.5×30.7%+9.5%
Changzhou Shichuang Energy 688429.SSChina$733M-13%+30%-38%5.7×n/an/a
SENASIC Electronics Technology 6675.HKHong Kong$779Mn/a+45%-11%8.4×n/an/a
Shenzhen Topray Solar 002218.SZChina$779M-32%-8%-17%6.7×35.9%-5.6%
PixArt Imaging 3227.TWOTaiwan$781M-20%+5%18%2.7×0.0%+2.3%
Infotmic 000670.SZChina$782M-18%+38%2%1.1×n/an/a
Yuneng Technology 688348.SSChina$729M-39%-40%-58%5.6×n/an/a
SFA Semicon 036540.KSSouth Korea$728M-27%+37%-4%2.2×n/an/a
Changzhou Galaxy Century Microelectronics 688689.SSChina$723M-9%+29%11%3.1×n/an/a
Crealights Technology 1191.HKHong Kong$790Mn/a+42%-7%4.2×n/an/a
Alpha and Omega Semiconductor L AOSLUnited States$716M-38%-2%-6%0.8×n/an/a
Henan Ancai Hi-Tech 600207.SSChina$797M-13%-41%-39%4.0×n/an/a
Hd Hyundai Energy Solutions 322000.KSSouth Korea$714M-63%+39%16%1.5×3.2%+4.5%
Wuxi ETEK Microelectronics 688601.SSChina$799M-25%+15%-5%5.7×n/an/a
X-FAB Silicon Foundries XFAB.PAFrance$709M-38%-8%2%1.3×n/an/a
Xinte Energy 1799.HKHong Kong$707M-41%+12%-6%1.8×n/an/a

Canadian Solar backlog

Canadian Solar reported $456M of remaining performance obligations at 31 Dec 2025, up 9% from a year earlier. That is 0.1 years of trailing revenue already under contract.

Questions

Which companies are Canadian Solar's closest peers?
The cockpit's peer set: Myson Century (5314.TWO), CEVA (CEVA), Tech Semiconductors (300046.SZ), Aeva Technologies (AEVA), Zhejiang MTCN Technology (003026.SZ), Changzhou Shichuang Energy (688429.SS), SENASIC Electronics Technology (6675.HK), Shenzhen Topray Solar (002218.SZ).
Is Canadian Solar expensive compared with its peers?
On ev / sales it trades at 1.7× against a peer median of 4.5×, 5th cheapest of 21 in its peer set.
How has Canadian Solar stock performed?
Over six months to 6 Nov 2026 the shares returned -44.6% against -29.9% for the median peer; over one year -55.5%.
What is Canadian Solar's backlog?
Canadian Solar's remaining performance obligations (contracted revenue not yet recognised) were $456M at 31 Dec 2025, +9% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.