- Canadian Solar forecasts revenue for the fourth quarter between $1.5 billion to $1.7 billion, below the estimated $2.15 billion.
- The expected gross margin for the fourth quarter is between 16% to 18%.
- The company anticipates solar module shipments for the fourth quarter to range from 8.0 to 8.5 gigawatts (GW).
- For the year, solar module shipment projections are adjusted to 30 to 35 GW, down from a previous forecast of 32 to 36 GW.
- In the third quarter, Canadian Solar reported a loss of 31 cents per share, compared to a 32 cents earnings per share year-over-year.
- The third-quarter gross margin was 16.4%, slightly down from 16.7% in the same quarter last year.
- Net revenue for the third quarter was $1.51 billion, an 18% decrease year-over-year, falling short of the $1.73 billion estimate.
- Third-quarter earnings per share were impacted by a 10 cents deduction due to dividends on Recurrent Energy redeemable preferred shares payable in kind.
- Analysts’ stock ratings include 7 buys, 4 holds, and 3 sells.
Canadian Solar Inc on Smartkarma
“`html
Analyst coverage of Canadian Solar Inc on Smartkarma reveals a report from the Value Investors Club, published 3 months ago. The analysis highlights the company’s primary focus on producing solar panels, along with challenges such as high debt, financial reporting questions, and fraud concerns. Despite these issues, the report suggests that Canadian Solar’s stock may be undervalued, indicating potential for growth. This information is sourced from publicly available data and offers general informational purposes only.
“`
A look at Canadian Solar Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Canadian Solar Inc. is positioned for a promising future based on its Smartkarma Smart Scores. With a top score of 5 in Value, the company is considered to be priced attractively compared to its intrinsic value. Additionally, Canadian Solar Inc. received a solid score of 3 for Growth, indicating potential for expansion and increasing market share in the solar energy sector. This outlook is further supported by a Momentum score of 3, suggesting positive market sentiment and potential upward movement in stock performance over time.
However, it’s important to note that Canadian Solar Inc. has lower scores in Dividend and Resilience, with scores of 1 and 2 respectively. This implies that the company may not be a strong performer in terms of dividend payouts and may face some susceptibility to market volatility. Despite these drawbacks, the overall outlook for Canadian Solar Inc. remains positive, especially considering its strong emphasis on manufacturing and selling solar module products for various applications in residential, commercial, and industrial settings.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
