Canadian Solar Margins Shrink In Q3, Stock Slides
Canadian Solar Inc. CSIQ shares are trading lower after the company reported third-quarter 2024 results below street expectations.
Canadian Solar (CSIQ) Q3 2024 Earnings Call Transcript
Canadian Solar Inc. (NASDAQ:CSIQ ) Q3 2024 Earnings Conference Call December 5, 2024 8:00 AM ET Company Participants Shawn Qu - Chairman, President, Chief Executive Officer Yan Zhuang - President, CSI Solar Ismael Guerrero - President, Recurrent Energy Xinbo Zhu - Senior Vice President, Chief Financial Officer Thomas Koerner - Senior Vice President, Sales and Marketing Wina Huang - Head of Investor Relations Conference Call Participants Andre Adams - Oppenheimer Praneeth Satish - Wells Fargo Philip Shen - Roth Capital Vikram Bagri - Citi Operator Ladies and gentlemen, thank you for standing by. Welcome to Canadian Solar's third quarter 2024 earnings conference call.
Canadian Solar (CSIQ) Reports Q3 Loss, Misses Revenue Estimates
Canadian Solar (CSIQ) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to earnings of $0.32 per share a year ago.
CSIQ or ENPH: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Solar sector might want to consider either Canadian Solar (CSIQ) or Enphase Energy (ENPH). But which of these two stocks is more attractive to value investors?
Is Canadian Solar (CSIQ) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Canadian Solar May Surprise In Q3 Call After Stock Nosedives Post-Election
Canadian Solar's shift to retaining solar power plants and battery storage aims for long-term gains, despite short-term EPS impacts and a current stock price drop. The company's vertical integration and new business model promise consistent profits from electricity sales, mitigating the volatility of solar panel manufacturing. Major project sales, like the Dominican Republic solar project, and increasing electricity sales are expected to boost Q3 earnings and future profitability.
Canadian Solar: An Upcycle Is On The Horizon
Canadian Solar is a risky but potentially rewarding short-term investment, with a projected 20% price increase in 2025 despite competition and geopolitical risks. The company is vertically integrated and diversified, with significant exposure to China, which could face tariff issues under a Trump presidency. Valuation metrics suggest Canadian Solar is undervalued, but its lower EBITDA growth and negative free cash flow margin make it less attractive than its peers.
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Canadian Solar's Arm Wins Deal to Supply 98MW/312MWh DC BESS in Chile
CSIQ's subsidiary, CSI Solar, through its e-STORAGE division, secures a contract to supply a 98 MW/312 MWh DC BESS to the Huatacondo project in Chile.
Canadian Solar's ($CSIQ) e-STORAGE to Deliver 312 MWh Battery Energy Storage System
Canadian Solar (NASDAQ: CSIQ) subsidiary, e-STORAGE, has secured an EPC contract to supply a 98 MW/312 MWh Battery Energy Storage System (BESS) project in Chile, with construction set to begin in 2025. e-STORAGE will integrate its SolBank 3.0 solution, managing all civil, mechanical, and electrical infrastructure.
Canadian Solar: Slight Growth Cannot Remove Concerns Over Operations In China
Canadian Solar stock is rated as a hold due to oversupply in China and export policy hurdles despite its solid fundamentals and expansion plans. The company manufactures solar panels and energy storage solutions, with significant production in China and growing market share globally. Subsidies and proximity to raw materials in China reduce production costs, but regulatory challenges and labor concerns impact its market.
