This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why Canadian Solar (CSIQ) Stock Continues To Soar Today

NEW YORK (TheStreet) -- Shares of Canadian Solar Inc. (CSIQ - Get Report) are up 23.47% to $30.83 as the solar panel maker reported record second quarter earnings and shipments.

Shares have increased 160% in the past year, behind best-performing REC Solar ASA and SunEdison  on the Bloomberg Intelligence Global Large Solar Index.

Second quarter net income rose to the highest ever at $55.8 million, or 95 cents per share, the company said. That beat the 58-cent average of six analysts’ estimates compiled by Bloomberg for profit excluding one-time items.

Shipments hit a record 646 megawatts, more than a May guidance of as much as 630 megawatts.

Must Read: Warren Buffett’s 25 Favorite Stocks

The company benefited from strong demand in Ontario, the U.S., Japan and China and is expanding its “high-margin” power-plant business, which contributed about one-third of revenue in the quarter, up from about 27% last quarter, according to CEO Shawn Qu on a call with analysts, according to Bloomberg.

For the third quarter, the company expects module shipments to be between 720 megawatts and 750 megawatts. For the year, it predicted shipments between 2.5 gigawatts and 2.7 gigawatts, and revenue between $2.7 billion and $2.9 billion.


TheStreet Ratings team rates CANADIAN SOLAR INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CANADIAN SOLAR INC (CSIQ) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins."

You can view the full analysis from the report here: CSIQ Ratings Report

EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CSIQ $17.52 0.00%
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs