Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Canadian Solar Inc before investing.

In this article, we go over a few key elements for understanding Canadian Solar Inc’s stock price such as:

• Canadian Solar Inc’s current stock price and volume
• Why Canadian Solar Inc’s stock price changed recently
• Upgrades and downgrades for CSIQ from analysts
• CSIQ’s stock price momentum as measured by its relative strength

About Canadian Solar Inc (CSIQ)

Before we jump into Canadian Solar Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Canadian Solar Inc. is a Canada-based solar technology and renewable energy company. The Company is a manufacturer of solar photovoltaic modules, a provider of solar energy and battery energy storage solutions, and a developer of utility-scale solar power and battery energy storage projects with a geographically diversified pipeline in various stages of development. It operates through two segments: Recurrent Energy, and CSI Solar. The Recurrent Energy segment is vertically integrated and has expertise in greenfield origination, development, financing, execution, operations and maintenance, and asset management. The CSI Solar segment consists of solar module and battery energy storage manufacturing, and delivery of total system solutions, including inverters, solar system kits, and engineering, procurement, and construction (EPC) services. It has developed, built, and connected around 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects across the world.

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Canadian Solar Inc’s Stock Price as of Market Close

As of September 26, 2024, 4:00 PM, CST, Canadian Solar Inc’s stock price was $14.90.

Canadian Solar Inc is up 6.66% from its previous closing price of $13.97.

During the last market session, Canadian Solar Inc’s stock traded between $13.92 and $14.75. Currently, there are 66.41 million shares of Canadian Solar Inc stock available for purchase.

Canadian Solar Inc’s price-earnings (P/E) ratio is currently at 26.8, which is high compared to the Renewable Energy Equipment & Services industry median of 24.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Canadian Solar Inc Stock Price History

Canadian Solar Inc’s (CSIQ) price is currently up 17.97% so far this month.

During the month of September, Canadian Solar Inc’s stock price has reached a high of $15.30 and a low of $11.41.

Over the last year, Canadian Solar Inc has hit prices as high as $26.85 and as low as $11.41. Year to date, Canadian Solar Inc’s stock is down 51.78%.

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What Caused Canadian Solar Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 25, 2024, there were 5 analysts who downgraded Canadian Solar Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Canadian Solar Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Canadian Solar Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Canadian Solar Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Canadian Solar Inc (CSIQ) by visiting AAII Stock Evaluator.

Relative Price Strength of Canadian Solar Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 25, 2024, Canadian Solar Inc has a weighted four-quarter relative price strength of -18.08%, which translates to a Momentum Score of 19 and is considered to be Very Weak.

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Canadian Solar Inc Stock Price: Bottom Line

As of September 26, 2024, Canadian Solar Inc’s stock price is $14.90, which is up 6.66% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Canadian Solar Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.