In value analysis, though price-to-earnings (P/E) and price-to-sales (P/S) ratios are most preferred by investors, the underrated price-to-book ratio (P/B ratio) is also an easy-to-use valuation tool for identifying low-priced stocks with exceptional returns. The ratio is used to compare a stock’s market value/price to its book value.The P/B ratio is calculated as below:P/B ratio = market price per share/book value of equity per shareP/B ratio reflects how many times book value investors are ready to pay fo ...

Canadian Solar (CSIQ) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to earnings of $2.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this solar wafers manufacturer would post a loss of $0.34 per share when it actually produced earnings of $0.19, delivering a surprise of 155.88%.Over the last fou ...

Exhibit 99.1 Canadian Solar Reports First Quarter 2024 Results and Announces Appointment of Chief Financial Officer Guelph, Ontario, May 9, 2024 – Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2024. Highlights · Solar module shipments of 6.3 GW, in line with guidance of 6.1 GW to 6.4 GW. · Net revenues of $1.3 billion, in line with guidance of $1.2 billion to $1.4 billion. · 19.0% gross margin, at the high end o ...

Canadian Solar 2Q24 Earnings Call August 22, 2024 Canadian Solar Inc. Safe Harbor Statement This presentation has been prepared by the Company solely to facilitate the understanding of the Company's business model and growth strategy. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the ...

GUELPH, ON, Aug. 22, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the second quarter ended June 30, 2024.HighlightsSolar module shipments of 8.2 GW, above guidance of 7.5 GW to 8.0 GW.Net revenues of $1.6 billion, in line with guidance of $1.5 billion to $1.7 billion.17.2% gross margin, in line with guidance of 16% to 18%.e-STORAGE backlog grew to $2.6 billion, backed by a record 66 GWh of pipeline, as of June 30, 2024.Recu ...

Investors interested in Solar stocks are likely familiar with Canadian Solar (CSIQ) and Enphase Energy (ENPH) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with posi ...

Industry Overview - The energy sector has evolved significantly, transitioning from traditional sources like natural gas and oil to renewable alternatives such as hydrogen and solar, yet energy remains essential for daily life and transportation [1] - Government policies heavily influence the energy sector, making the upcoming election critical for shaping future guidelines and directions for energy companies [2] Company Analysis Quanta Services (PWR) - Quanta Services is recognized as a growth energy stock, providing infrastructure solutions to the energy industry and boasting the largest craft labor force in the U.S. [3] - The company reported Q2 FY2024 revenues of $5.59 billion, reflecting a 10.8% year-over-year increase, with consistent double-digit growth in financial performance [3] - EPS is projected to grow by 20% in 2024, surpassing the industry average of 10% [3] NextEra Energy (NEE) - NextEra Energy is the largest electric utility company in the U.S., with significant growth catalysts, including a $80 million increase in net income for its subsidiary Florida Power & Light [5] - The company exceeded expected earnings in Q2 by $0.06, achieving an EPS of $0.96, and is anticipated to benefit from upcoming interest rate cuts [5][4] Canadian Solar (CSIQ) - Canadian Solar's stock has declined over 45% this year and nearly 60% from the previous year due to three consecutive quarters of revenue decline, presenting a potential buying opportunity [6] - The price-to-earnings ratio has adjusted to 4.90x, significantly lower than the industry average, with a forward P/E of 6, making it competitive among solar companies [6] - The company secured $160 million in funding for the Bayou Galion solar project, which is expected to enhance its market position [6]

Core Viewpoint - Canadian Solar Inc. has secured a turnkey EPC contract for a 100 MW / 200 MWh energy storage project in Victoria, Australia, through its subsidiary e-STORAGE, marking a significant step in the company's expansion in the renewable energy sector [1][2]. Group 1: Project Details - e-STORAGE will provide its latest energy storage solution, SolBank 3.0, which offers over 5 MWh of capacity in a 20-ft container, representing a 45% increase in capacity compared to the previous generation [2]. - The project is expected to create numerous jobs during both construction and operational phases, highlighting its positive impact on the local community [2]. Group 2: Company Background - Canadian Solar, founded in 2001, is one of the largest solar technology and renewable energy companies globally, having delivered over 125 GW of solar photovoltaic modules and developed over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects since 2010 [4]. - The company currently has over 1.2 GWp of solar power projects in operation and a total battery energy storage project development pipeline of around 56 GWh, including approximately 4.3 GWh under construction or in backlog [4]. Group 3: Subsidiary Overview - e-STORAGE specializes in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications, having shipped close to 5.7 GWh DC of battery energy storage solutions globally as of March 2024 [5]. - The subsidiary operates two fully automated manufacturing facilities with an annual production capacity of 20 GWh energy storage solutions, reinforcing its position in the global energy storage integration industry [5].

Investors interested in stocks from the Solar sector have probably already heard of Canadian Solar (CSIQ) and Enphase Energy (ENPH) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision ...

GUELPH, ON, July 24, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today the successful financial close on a €50 million loan from the European Investment Bank ("EIB"). The facility will support the development and construction of a solar energy portfolio in Italy. The loan, a €50 million 5-year term facility, aligns with the EIB's lending priorities on Ren ...