Canadian Solar Inc. Stock
Canadian Solar Inc. Stock
Pros and Cons of Canadian Solar Inc. in the next few years
Pros
Cons
Performance of Canadian Solar Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Canadian Solar Inc. | -0.620% | 9.026% | -16.198% | -54.829% | -35.302% | -56.642% | -15.239% |
| Eco Atlantic Oil and Gas Ltd | 16.740% | 41.593% | 31.687% | -41.284% | 11.304% | - | - |
| Energiekontor | 0.310% | 2.885% | -1.534% | -11.326% | -22.837% | 13.830% | 315.534% |
| Tecogen (new) New | - | 21.296% | 7.377% | -30.319% | -0.758% | -50.000% | -79.428% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Canadian Solar, with the US symbol CSIQ, is a prominent player in the renewable energy industry, and an initial review of its financials indicates a positive performance over the years. The company's growth in recent years can be attributed to increased global demand for clean and alternative energy sources. As a financial analyst, thorough examination of the company's financial statements brings to light some insights into the strengths and weaknesses of the firm.
Growing Total Assets: Canadian Solar's total assets have shown consistent growth in recent years. From 2020 to 2021, the total assets grew from $6.54 billion to $7.39 billion, and further increased to $9.04 billion in 2022. This demonstrates the company's ability to expand its businesses and generate more investments.
Increasing Revenue: The company's total revenue has been on an upward trajectory, signaling robust growth in its core business. From 2020 to 2021, revenue increased from $3.48 billion to $5.28 billion, and rose to $7.47 billion in 2022. This robust performance may be indicative of strong market demand and efficient business operations.
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