CSIQ commands 5% of Utility Scale PV Installation market share in the US, with a growing solar and battery energy storage pipeline. Despite the impacted ASPs and polysilicon supply glut in China, the company continues to report robust top/ bottom-line performance, with FY2025 bringing forth further improvement. With the IEA till expecting solar PVs to comprise the lion's share of renewable energy capacity additions through 2028, we believe that CSIQ's expanded capacity remains highly strategic.
CSIQ, FMC and INDV have been added to the Zacks Rank #5 (Strong Sell) List on July 12, 2024.
Undervalued renewable energy stocks are in the spotlight amid a shift in the global energy mix. The renewable energy industry is forecast to grow 16.8% annually until 2031, illustrating its systematic potential.
Canadian Solar's (CSIQ) business unit, e-STORAGE, is set to provide 498 MWh DC of battery storage solutions for Aypa Power's Texas Bypass Project.
The top solar stocks could be in for quite a bright future as they continue to supply various power producers with the equipment to meet the growing demand for sustainable energy. Undoubtedly, the artificial intelligence (AI) revolution and the rise of electric vehicles (EVs) stand out as two notable tailwinds that could bring forth more demand for solar power.
Canadian Solar's Q1 performance has been positive, with better-than-expected results. We believe the company is expected to benefit from increased energy consumption requirements due to AI technology and data center growth. CSIQ remains a buy recommendation thanks to CSI Solar's equity stake and a focus on profitability over volume.
Solar energy is likely to be an integral part of the energy grid in the future. However, solar stocks have not had the best performance over the past 12 months.
Renewable energy stocks might not be among the best performers in the recent past. However, there is no doubt that the sector will continue to grow beyond the current decade.
A high-growth fintech superstar and a deeply discounted global solar giant.
The solar energy market is growing rapidly due to a variety of factors. These include improved solar cell efficiency, continued research into the betterment of solar panels and decreasing costs of panel installation.
Recurrent Energy, a unit of solar technology firm Canadian Solar , said on Thursday it has secured multi-currency revolving credit facility of up to 1.3 billion euros ($1.41 billion) with 10 banks.