Deep value, a mini-turnaround, and attractive prices.In this video, Motley Fool contributors Jason Hall and Tyler Crowe explain why they recently bought shares of UPS (UPS 0.41%) and Canadian Solar (CSIQ 5.39%) and why other investors may want to consider them as well.*Stock prices used were from the morning of Oct. 2, 2024. The video was published on Oct. 5, 2024. ...

Canadian Solar Inc.’s (CSIQ) subsidiary, CSI Solar Co., Ltd. (CSI Solar), through its e-STORAGE division, has recently secured a turnkey Engineering, Procurement and Construction contract to deliver a 98-megawatt (MW)/312 megawatt-hour (MWh) direct current (DC) Battery Energy Storage System (BESS) to the Huatacondo project in Chile. e-STORAGE will supply and set up its advanced SolBank 3.0 energy storage system for the project. It will also manage all civil, mechanical and electrical infrastructure for this ...

Justin Paget Investment Thesis I am optimistic about Canadian Solar (NASDAQ:CSIQ), but I rate it as a hold. Its stock has been on a solid downtrend in the last 2 years, hitting its 2018 low at $11.91. The company is grappling with oversupply in its highest domestic China market of solar panels. The company is still recording profits and has a high potential for a speculative buy as it plans to expand its manufacturing capacity. However, due to oversupply concerns in China, the alternative of exportation ...

There are some cheap stocks in the market, and here are two in particular that could be worth a closer look.As we head into the latter months of 2024, there are some excellent investment opportunities that could be top performers in 2025 and beyond. In this video, Tyler Crowe discusses why he has his eye on Canadian Solar (CSIQ -4.80%), while Certified Financial Planner® Matt Frankel thinks the Vanguard Russell 2000 ETF (VTWO -1.90%) could be a great bargain right now.*Stock prices used were the morning pri ...

Justin Paget Dear readers, Canadian Solar (NASDAQ:CSIQ) is a global vertically integrated solar power company, one of the largest producers of solar panels in the world and a major player in the energy storage space. It is a company that I have studied extensively and covered many times here on Seeking Alpha. And I can tell you that the one thing you need to know before investing in this one is that CSIQ is highly cyclical. Data by YCharts While the cyclicality should be evident from price action alone, the ...

Core Viewpoint - Canadian Solar Inc. has entered into a partnership with SOLARCYCLE to provide comprehensive recycling services for solar modules in the U.S., marking a significant step towards sustainability in the solar industry [1][2]. Company Overview - Canadian Solar, founded in 2001, is one of the largest solar technology and renewable energy companies globally, having delivered over 133 GW of solar photovoltaic modules [4]. - The company has developed approximately 11 GWp of solar power projects and 3.7 GWh of battery energy storage projects since 2010, with a current operational capacity of about 1.6 GWp [4]. - Canadian Solar has a robust project pipeline, including 6.5 GWp under construction and 20.9 GWp in advanced and early-stage development [4]. Partnership Details - The partnership designates SOLARCYCLE as the preferred recycling partner for Canadian Solar, allowing customers to secure recycling services at the time of solar module purchase [1][2]. - This collaboration aims to enhance the sustainability of solar projects by integrating recycling into the lifecycle from the outset [1][2]. Industry Impact - The partnership emphasizes the commitment of both companies to promote solar recycling in the U.S., which will help divert valuable materials from landfills and reintegrate them into the solar supply chain [2]. - SOLARCYCLE's technology can extract up to 95% of the materials from solar panels, including silver, silicon, copper, and aluminum, thus supporting the circular economy in the solar sector [3].

Core Viewpoint - Galantas Gold Corporation reported its unaudited financial results for the second quarter of 2024, highlighting a continued lack of revenue and a net loss, while also emphasizing safety and regulatory compliance in operations [1][4]. Financial Highlights - Revenue for the quarter ended June 30, 2024, was $0, consistent with the same quarter in 2023 [3]. - Total costs and expenses of operations decreased to $30,318 from $72,881 year-over-year [3]. - The net loss for the quarter was $1,591,619, compared to a loss of $1,355,516 in the same quarter of 2023 [4]. - Cash loss from operating activities before changes in non-cash working capital was $961,910, up from $793,674 in the previous year [4]. - The working capital deficit increased to $12,593,186 from $12,059,946 year-over-year [4]. - Cash balance at June 30, 2024, was $395,514, down from $586,464 at the same date in 2023 [4]. - Provisional revenues from concentrate sales for the second quarter of 2024 totaled US$124,000, compared to US$255,000 in the second quarter of 2023 [3]. Operational Insights - The company has maintained a zero lost time accident rate since the start of underground operations, indicating a strong focus on safety [4]. - Environmental monitoring shows a high level of regulatory compliance, reflecting the company's commitment to environmental standards [4].

Core Viewpoint - Canadian Solar, Inc. reported a significant decline in earnings and revenues for the second quarter of 2024, despite surpassing earnings expectations. The company faces challenges due to lower average selling prices and project sales, although it has seen some growth in battery energy storage solutions sales [1][2]. Revenue Summary - Canadian Solar's revenues for Q2 2024 were $1.63 billion, which was 0.4% below the Zacks Consensus Estimate and represented a 30.8% decline from $2.36 billion in Q2 2023 [2]. - The decrease in revenue was primarily attributed to a decline in the average selling price (ASP) for solar modules and lower project sales, partially offset by increased sales in battery energy storage solutions [2]. Operational Update - The company shipped 8.2 gigawatts (GW) of solar modules in the quarter, exceeding the guidance range of 7.5-8 GW, which included 135 megawatts (MW) from utility-scale solar power projects [3]. - Gross margin for the quarter was 17.2%, consistent with the guidance range of 16%-18%, but down 140 basis points year-over-year due to lower margin contributions from solar power and battery energy storage asset sales [3]. - Total operating expenses increased by 8.3% year-over-year to $234.4 million, with depreciation and amortization charges rising to $122 million from $73 million in the previous year due to investments in vertical integration and capacity expansion [3]. Financial Update - As of June 30, 2024, Canadian Solar had cash and cash equivalents of $1.62 billion, down from $1.94 billion on December 31, 2023 [4]. - Long-term borrowings increased to $1.62 billion from $1.27 billion during the same period [4]. Guidance - For Q3 2024, Canadian Solar expects total module shipments to be between 9.0-9.5 GW, with total revenues projected in the range of $1.6-$1.8 billion [5]. - The Zacks Consensus Estimate for Q3 sales is $1.64 billion, which is lower than the midpoint of the company's guidance range [5]. - The company anticipates a gross margin between 14% and 16% and expects total battery energy storage shipments to be between 1.4-1.7 gigawatt-hours (GWh) [5]. - For the full year 2024, total module shipments are expected to be in the range of 32 GW-36 GW, with total revenues projected between $6.5 billion and $7.5 billion [5].

Investors were spooked not only by declines in key fundamentals, but also a major miss on the bottom line.The late summer sun might be shining in many parts of the world, but it wasn't illuminating Canadian Solar (CSIQ -15.69%) stock in the past few days. After the company published a fresh set of quarterly results, many investors headed for the exit doors. As a result, according to data compiled by S&P Global Market Intelligence, Canadian Solar's share price was down by nearly 17% week to date as of early ...

Financial Data and Key Metrics Changes - In Q2 2024, Canadian Solar shipped 8.2 gigawatts of solar modules, exceeding previous guidance of 7.5 to 8 gigawatts, resulting in revenue of $1.6 billion and a gross margin of 17.2% [8][27] - Total operating expenses increased to $434 million, primarily due to higher shipping and handling expenses [27] - Net income was $27 million, with net income attributable to Canadian Solar at $4 million, or $0.02 per diluted share [28] Business Line Data and Key Metrics Changes - CSI Solar shipped 8.2 gigawatts of modules, achieving revenue of $1.7 billion and a gross margin of 16.7%, with North America accounting for approximately 30% of shipments [14] - The e-STORAGE business delivered approximately 1.5 gigawatt hours globally, with a backlog of $2.6 billion [18] - Recurrent Energy generated $50 million in revenue with a gross margin of 47.4%, experiencing delays in project sales due to policy changes in Europe [21] Market Data and Key Metrics Changes - The U.S. market remains strong, with higher volumes delivered at competitive prices, while average selling prices in other regions remain challenging [14][16] - The company anticipates a significant increase in e-STORAGE shipments, with a total project pipeline of approximately 66 gigawatt hours [19] Company Strategy and Development Direction - Canadian Solar is focusing on sustainable growth through its energy storage segment, which is expected to grow by more than 500% this year [10] - The company is strategically balancing vertical integration and capacity investments to adapt to market dynamics [10] - The project development platform, Recurrent Energy, is transitioning to a global developer, owner, and operator of solar and storage assets [11] Management's Comments on Operating Environment and Future Outlook - Management noted that while the solar industry faces challenges, the underlying fundamentals remain robust, with significant demand expected from emerging technologies [9] - The company expects continued pressure on module margins in the second half of the year but anticipates strong performance from the e-STORAGE business [33][54] - Management expressed confidence in the long-term growth potential of both the solar and energy storage markets [10][54] Other Important Information - Canadian Solar achieved significant reductions in greenhouse gas emissions, energy consumption, water usage, and waste intensity compared to 2017 levels [12] - The company is committed to ethical labor practices and diversity, equity, and inclusion within its workforce [12] Q&A Session Summary Question: Trends in sales and distribution costs due to new AD/CVD charters - Management indicated that it is difficult to speculate on the impact of the new AD/CVD case until preliminary rulings are made [37] Question: Dynamics of the distribution business amidst market disruptions - The distribution business remains strong, with expectations of more than half of the volume going to the DG market, including residential and CNI rooftops [41] Question: Drivers behind the 2024 shipment reduction - The reduction was not primarily due to the new AD/CVD case but rather other market factors [44] Question: Potential IPO timeline for Recurrent Energy and plans for e-STORAGE - Management indicated that while a partial IPP model is being pursued, no specific timeline for an IPO has been established [47] Question: Insights into U.S. module pricing and impacts of imports - Management noted healthy margins in the U.S. and an upward trend in pricing, despite complexities introduced by AD/CVD [61] Question: Expectations for module margins and market balance - Management expects continued pressure on module margins but confidence in the e-STORAGE business's performance [52][54]