There are some cheap stocks in the market, and here are two in particular that could be worth a closer look.
Canadian Solar is highly cyclical, facing fierce competition and commoditization, leading to volatile stock performance despite industry growth. Recent performance has been poor with lowered guidance and a challenging macro environment. The solar panel market struggles with high interest rates, impacting demand; recovery is expected but not immediate, presenting a high-risk, high-reward scenario.
Canadian Solar's (CSIQ) Q2 earnings top estimates. Its revenues decrease 30.8% year over year due to a decline in module ASPs.
The alternative energy specialist did not have a good second quarter. Both revenue and net income were down on a year-over-year basis, with the latter falling sharply.
Canadian Solar Inc. (NASDAQ:CSIQ ) Q2 2024 Earnings Conference Call August 22, 2024 8:00 AM ET Company Participants Wina Huang - Head of Investor Relations Shawn Qu - Chairman and Chief Executive Officer Yan Zhuang - President, Canadian Solar subsidiary CSI Solar Ismael Guerrero - Corporate Vice President and President of Canadian Solar subsidiary Recurrent Energy Xinbo Zhu - Senior Vice President and Chief Financial Officer Conference Call Participants Colin Rusch - Oppenheimer Philip Shen - Roth Capital Partners Praneeth Satish - Wells Fargo Vikram Bagri - Citi Operator Ladies and gentlemen, thank you for standing by. Welcome to Canadian Solar's Second Quarter 2024 Earnings Conference Call.
The P/B ratio helps to identify low-priced stocks with high growth prospects. GM, ITRI, CSIQ, ENS and GBX are some such stocks.
Canadian Solar (CSIQ) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to earnings of $2.39 per share a year ago.
Investors interested in Solar stocks are likely familiar with Canadian Solar (CSIQ) and Enphase Energy (ENPH). But which of these two companies is the best option for those looking for undervalued stocks?
From traditional energy sources like natural gas and oil to newer alternatives like hydrogen and solar, the energy sector has evolved massively over the years. Yet, there is something unchanged — energy is still at the core of our daily lives.
Investors interested in stocks from the Solar sector have probably already heard of Canadian Solar (CSIQ) and Enphase Energy (ENPH). But which of these two stocks is more attractive to value investors?
If you've been meaning to invest in some of the market's top solar stocks but never had a chance to get in at a price that makes sense, perhaps the latest summertime pullback represents an opportunity to do some buying. Undoubtedly, the broad basket of green energy companies has sold off with the expectation that Donald Trump will return to the White House for another term.
This company has beat the number in 3 of the last 4 quarters but estimates have tracked lower of late.