Is that what Sustainable Earning stands for?: Canadian Solar Inc. (CSIQ)

As of right now, Canadian Solar Inc. [CSIQ] is trading at $38.45, up 1.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The CSIQ shares have gain 4.71% over the last week, with a monthly amount glided 2.53%, and seem to be holding up well over a long-time horizon.

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On 21, March 2023, Canadian Solar Reports Fourth Quarter and Full Year 2022 Results. In a post published today on Yahoo Finance, Canadian Solar Inc. (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ) today announced financial results for the fourth quarter and full year ended December 31, 2022.

From an analyst’s perspective:

Canadian Solar Inc. [NASDAQ: CSIQ] stock has seen the most recent analyst activity on March 10, 2023, when Citigroup downgraded its rating to a Neutral and also revised its price target to $44 from $45. Previously, Goldman downgraded its rating to Sell on September 08, 2022, and dropped its price target to $38. On November 23, 2021, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $44 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $71 on January 08, 2021. Goldman downgraded its rating to a Neutral and raised its price target to $48 on January 05, 2021. Cascend Securities reiterated a Buy rating for this stock on August 16, 2019, and upped its price target to $30.

Through the last year, Canadian Solar Inc.’s stock price ranged from $22.15 to $47.69. Currently, Wall Street analysts expect the stock to reach $42.90 within the next 12 months. Canadian Solar Inc. [NASDAQ: CSIQ] shares were valued at $38.45 at the most recent close of the market. An investor can expect a potential return of 11.57% based on the average CSIQ price forecast.

Analyzing the CSIQ fundamentals

For Canadian Solar Inc., (CSIQ), the latest quarter sales were 1.93 billion, which represents an 57.20% increase. The company generates $389,891 in revenue per employee, while its income per employee is $7,037. Gross Margin for this corporation currently stands at +17.23% with Operating Margin at +2.72%, Pretax Margin comes in at +2.62%, and Net Margin reading is +1.80%. To continue investigating profitability, this company’s Return on Assets is posted at 1.37, Equity is 5.65, Total Capital is 2.80, and Invested Capital is 3.84. An extended look at the Principal structure reveals enduring liabilities to the total capital of 64.77 and enduring liabilities to assets of 44.82.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.24 points at the first support level, and at 36.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.33, and for the 2nd resistance point, it is at 42.21.

Canadian Solar Inc. [CSIQ] reported earnings per share of $1.12 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.49/share, meaning a difference of $0.63 and a surprise factor of 128.60%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.07 per share as compared to estimates of $0.53 per share, a difference of $0.54 representing a surprise of 101.90%.

Ratios To Look Out For

It is important to note that Canadian Solar Inc. [NASDAQ:CSIQ] has a current ratio of 1.20. On the other hand, the Quick Ratio is 0.68, and the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 1.11 and the P/E (TTM) ratio is 13.83.