With a price/earnings ratio of 4.3, Canadian Solar Inc P/E ratio is greater than that of about just 7.66% of stocks in our set with positive earnings.
Of note is the ratio of Canadian Solar Inc's sales and general administrative expense to its total operating expenses; 97.1% of US stocks have a lower such ratio.
Canadian Solar Inc's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 49.05%, greater than the shareholder yield of 92.42% of stocks in our set.
If you're looking for stocks that are quantitatively similar to Canadian Solar Inc, a group of peers worth examining would be GFF, RILY, MTG, RUN, and JCOM.
Canadian Solar Inc. - common shares (CSIQ) Company Bio
Canadian Solar designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy. The company was founded in 2001 and is based in West Guelph, Canada.
Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company", or "Canadian Solar"), one of the world's largest solar power companies, today announced the closing of its previously announced offering of US$230 million in aggregate principal amount of 2.50% convertible senior notes due 2025 (the "Notes"), which includes the exercise in full by the initial purchasers of their option to purchase an additional US$30 million in aggregate principal amount of the Notes. The Company received aggregate net proceeds of approximately US$223 million from the offering, after deducting discounts, commissions and offering expenses.
The solar energy industry has grown rapidly even as fossil fuels remain the dominant source of global energy use. TAN has provided a total return of 77.3% over the last 12 months, well above the Russell 1000's total return of 13.8%, as of September 11, 2020. All statistics in the tables below are as of September 14. Here are the top 3 solar stocks with the best value, the fastest earnings growth, and the most momentum.