$12.69

1.24 (10.83%)

10/10/2008 4:00 PM

Canadian Solar, Inc. (CSIQ)

CAPS Rating:

The Company designs, manufactures and sells solar cell and module products that convert sunlight into electricity for a variety of uses.

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What the Community Thinks

Total Members

859 Outperforms

128 Underperforms

All-Stars

92 Outperforms

63 Underperforms

Wall Street

7 Outperforms

1 Underperforms

Members bullish on CSIQ are also bullish on:

Members bearish on CSIQ are also bearish on:

Ticker Tags

Small Cap (1922), Canada (63), China (200), Semiconductor - Specialized (43), IPO in 2006 (165), Solar Power (37)
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Canadian Solar, Inc. At A Glance

Current Price:	$12.69
Last Trade Time:	10/10/2008 4:00 PM
Open:	$0.00
Previous Close:	$11.45
Daily Range:	$9.61 - $12.94
52-Week Range:	$8.67 - $51.80
Volume:	2,492,673
Market Cap:	$407.95M
P/E Ratio:	8.88
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Stock Trends

CSIQ VS S&P 500 (SPY)

News & Discussion Boards

Other News Headlines for CSIQ

Ahead of the Bell: Analyst cuts solar estimates
10/10/2008 9:24:00 AM - AP
Canadian Solar inks 60-megawatt supply deal
10/9/2008 1:32:00 PM - AP
Sector Snap: Solar stocks plunge amid market dive
10/6/2008 12:19:00 PM - AP
Outlook roundup: Natco Group, Molex
10/2/2008 2:29:00 PM - AP

More Headlines...

Top Bull Pitch

Recs

9 Canadian Solar, Inc. (CSIQ)

Avatar CelticAces (< 20) Submitted: 2/14/08 6:27 PM

solar's finally recovering from the early 08 beating and looking ripe for a jump up. Renewable energy is even more of a global concern now than in 07, and with both Democrat and Republican candidates showing a strong commitment to this, they should continue to grow strong, recession or not. CSIQ i...More

Replies: 0 | Reply | Permalink

Top Bear Pitch

Recs

1 Canadian Solar, Inc. (CSIQ)

Avatar jatava (< 20) Submitted: 6/04/08 8:12 PM

1.000

Replies: 1 | Reply | Permalink

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Recs 0 (CSIQ) TheHuney (52.72) Submitted: 10/11/08 10:04 AM : Start Price: $22.18 CSIQ Score: -15.06 This is my last stand on CSIQ. Either I stick with this thing till I have a huge return or I follow it all the way down to 0! CSIQ is not the best amongst the solar players, but I do think they have a few things going for them: (1) Earnings have been good. Over the past couple of quarters, they've made about $1.40 per share. Forecasts for the current fiscal year seem to range from $2.00 to $2.70. Looking forward to '09, the consensus is around the $3.50 range. (2) Crystalline silicon prices should become less of an issue in the next few years helping CSIQ lower prices and increase margins. (3) Working capital looks pretty solid. There's some bad as well: (1) Scrap silicon seems to help cut costs, but I worry that it's lower quality and could lead to higher warranty expense in the future. (2) While they seem to be one of the better Chinese solar manufacturers, I don't see anything about them that suggests they have a long-term competitive advantage or that they will ever be the leader of the pack in the solar companies. (3) Book value of their equity is around $5. The stock is still trading at about $12 right now, which is a significant premium. It's not that this isn't necessarily justified; it's that given the current market environment, there seems to be a trend that all commodity stocks are trading right near book values again. That's scary for CSIQ. In fact, given that, I probably shouldn't have rec'd this at $22, but I'm not bailing out now! (4) They have some debt. Certainly nothing enormous, but all the same --- you don't like debt in this environment. (5) Cash flows look downright scary! That might be a little bit deceptive, since they really only became a highly profitable enterprise over the past few quarters and I'm reading their 20-F annual report so it would make since that they would have a huge cash flow lag right now and that next year's 20-F would look considerably better. All the same, given the current global credit crisis, a huge lag in accounts receivable is not precisely the thing I want to see. Overall, this is a company that looks poised for some strong revenue growth and has made significant earnings recently, but has a few frightening signs with it, as well. But as I said, now that I've rec'd it, I'll ride it out! However, if you're really interested in picking up solar stocks right now, I'd recommend LDK Solar (LDK) and Evergreen Solar (ESLR) over this one. Let me also make a disclosure that I own stock in ESLR. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (CSIQ) ac360 (96.16) Submitted: 10/09/08 1:33 PM : Start Price: $13.36 CSIQ Score: 4.48 Clearly disliked in CAPS.....but now CSIQ is at <10 TTM P/E...... Not forward.......There's nothing wrong with the Solar concept. Would demand wane that much that they cant justify 10% growth rate? Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (CSIQ) mpapile (98.41) Submitted: 10/02/08 4:26 PM : Start Price: $16.90 CSIQ Score: -3.12 I was one of the people short this 6 months ago during the solar boom, but now I will be long as it is attractively valued. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (CSIQ) muirmm (99.71) Submitted: 10/01/08 2:04 AM : Start Price: $23.76 CSIQ Score: -21.27 All the solar manufacturers have sold off because of uncertainty over whether renewable energy tax credits will be extended. I'm very sure they will be, and so have picked a number of these companies to outperform for a few months. I think the credits will be renewed, which will cause these stocks to go up in price. I even have long positions in JASO and ESLR in my real-life account. I intend to sell them soon after the tax credits are renewed, as that should cause a nice pop in the stock prices. After that, I believe solar stocks will be a bad bet. Nanosolar (not a public company) will soon flood the market with much cheaper solar cells. Based on their press release in June, they have the potential to build a staggering number of solar cells with their breakthrough panel-printing method. Assuming they are telling the truth, I would estimate their capital cost to be fifty times lower than for silicon-cell manufacturing, and their materials and labor costs to be at least ten times cheaper. Once they get rolling, they will be able to make an essentially infinite supply of panels at a tenth the current price. That will make life REALLY hard for all the other manufacturers. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (CSIQ) Gumfactor (69.94) Submitted: 9/23/08 1:15 PM : Start Price: $23.75 CSIQ Score: -20.74 Canadian player in the solar energy games. They're making money, their stock price has just come back down to earth, and in fact, might be slightly sub-terrainian at this point, with a P/E = 12.5. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out.
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Top Pick	Member Name	Member Rating	Start Date	Call	Time Frame	Start Price	Stock Gain	S&P Gain	Score	Pitch
	TrackAmTech	< 20	10/10/08		NS	$11.14	+13.91%	+0.84%	+13.07
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	TrackJimCramer	81.55	06/30/08		3W	$40.19	-68.42%	-30.70%	+37.73
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	TrackBroadpointC	55.80	03/06/08		NS	$22.67	-44.02%	-33.45%	-10.57
	TrackZacks	80.22	02/27/08		3M	$20.00	-36.55%	-35.97%	-0.58
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	TrackCharlesPayn	22.59	01/04/08		3M	$27.79	-54.34%	-37.37%	-16.96

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CSIQ Score Leader

muirmm
Rating: 99.71
CSIQ Score: 401.46

I've ended all my outperform picks on solar manufacturers because of a breakthrough announced in June '08 by private company Nanosolar. The people at Nanosolar say they have built a production machine that can in one year make solar panels with a gigawatt of capacity. They also say they plan to speed up the machine to the point where it actually makes TWENTY gigawatts worth of panels every year. The entire world's production in 2007 was only half that!. And they certainly intend to build more of these machines, as they only cost a few million dollars each. Nanosolar's production costs are probably less than a tenth of their competitors' costs. It might be a year or two before they crank up their factories to warp speed. But when they do, they will devastate the rest of the industry.