Canadian Solar Inc (CSIQ) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Canadian Solar Inc $34.02, price $11.34, upside +200.0%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $6.76 – $47.12 · fair‑value band $15.71 – $52.33 · the $11.34 price screens below the $34.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the United States, Europe, and internationally. It operates through two segments, Manufacturing and Recurrent Energy.
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Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the United States, Europe, and internationally. It operates through two segments, Manufacturing and Recurrent Energy. The Manufacturing Segment focuses on manufacturing and selling solar, battery energy storage and other power technology products, and CSI Solar. It also offers standard solar modules, battery storage solutions, solar system kits, such as inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction services, as well as operates battery energy storage projects. The Recurrent Energy Segment develops, builds, sells, and operates solar power and battery energy storage projects; operates solar power plants; and sells electricity and other services. This segment also provides power operation and maintenance services, including monitor, inspects, repair, and replace of plant equipment, and site management and administrative support services for solar projects, as well as asset management services. The company offers power plant level, commercial, household products, inverter, photovoltaic modules; and sells electricity and smart energy. It serves distributors, system integrators, project developers, installers, and EPC companies, as well as caters to utility companies, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial, or government end users primarily under its Canadian Solar brand name. The company sells its products under CSI, CS PowerTech, CSI Solar, Recurrent Energy, e-STORAGE, SolBank, KuBank, and EP Cube brand names. Canadian Solar Inc. was incorporated in 2001 and is based in Kitchener, Canada.
Stock analysis
Canadian Solar Inc (CSIQ) currently trades at $11.34, while our model-based Fair Value estimate is $34.02, implying the stock looks roughly 66.7% undervalued today.
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Valuation
How firm this estimate is: it rests on 6 models at a data quality of 80/100, which puts the evidence level at low.
Scenario range: $15.71 (bear) to $52.33 (bull), the price of $11.34 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 29/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Canadian Solar Inc reported revenue of $5.6B in FY2025 versus $5.3B in FY2021, a compound +1.5%/yr. Reported net income was −$104M in FY2025.
Key figures
Market cap $1.1B · P/S ratio 0.20 · EPS (TTM) $−2.52 · Net margin −1.9% · Return on equity −2.9% · Return on assets (EBIT) 2.1% · Operating margin 6.8% · Revenue (TTM) $5.5B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 66% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 200%, CSIQ screens cheaper than that median.
Fair Value models
Bear $15.71Fair Value $34.02Bull $52.33
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.23/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−6.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−9.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.0%
Start year 2020 (pandemic). Over 10 years: +4.9% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+37.0%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
6.3% (2020) → 0.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Solar · 113 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside+200% · Top 25%
Profitability
Return on assets1% · Above median
Net margin (TTM)−2% · Above median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth−10% · Below median
Balance sheet
Debt / equity1.36× · Highest 25%
Valuation Multiplesvs Solar median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Canadian Solar Inc Fair Value". https://www.fairvalue-calculator.com/stock/CSIQ
Frequently asked questions
Is Canadian Solar Inc (CSIQ) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $34.02 versus a price of $11.34, about +200% upside (undervalued).
What is the fair value of CSIQ?
Our model-based fair value for Canadian Solar Inc is $34.02 (as of Sep 23, 2026), built from audited fundamentals. The current price: $11.34.
What is the quality score of CSIQ?
Canadian Solar Inc has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Canadian Solar Inc (CSIQ)?
Our model-based price target is the fair value of $34.02 (as of Sep 23, 2026) from 2 valuation models. Cautious scenario $15.71, optimistic scenario $52.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Canadian Solar Inc stock forecast for 2026?
Our models put fair value at $34.02, about +200% upside versus a price of $11.34 (undervalued). Cautious scenario $15.71, optimistic scenario $52.33. The calculation is refreshed regularly with new filings.
What is the revenue of Canadian Solar Inc (CSIQ)?
Canadian Solar Inc reported trailing-twelve-month revenue of about $5.5B (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Canadian Solar Inc (CSIQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Canadian Solar Inc it is $34.02 per share (as of Sep 23, 2026), against a price of $11.34. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Canadian Solar Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, CSIQ trades below its calculated fair value: price $11.34, fair value $34.02, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CSIQ?
No. The price is what the market pays today ($11.34); the fair value is what the company's own numbers justify ($34.02). For Canadian Solar Inc the two are $22.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Canadian Solar Inc worth?
The market values Canadian Solar Inc at about $1.1B (market capitalisation, as of Sep 23, 2026). Per share that is $11.34; our models calculate a fair value of $34.02 per share.
What do the bullish and bearish scenarios say about CSIQ?
Our models span a range for Canadian Solar Inc: cautious scenario $15.71, base $34.02, optimistic $52.33 per share (as of Sep 23, 2026, price $11.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of CSIQ?
The PEG ratio of Canadian Solar Inc is 0.16 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Canadian Solar Inc (CSIQ)?
Balance-sheet figures for Canadian Solar Inc (as of Sep 23, 2026): return on equity −2.9%, debt of 1.36 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is CSIQ from its 52-week high?
Canadian Solar Inc trades at $11.34, about 66% below its 52-week high of $33.58 and at the low of $11.34 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $34.02 is for.
Which stocks are comparable to Canadian Solar Inc?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Canadian Solar Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $11.34, calculated fair value $34.02 (+200%), Quality Score 29/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CSIQ calculated?
We run Canadian Solar Inc through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $34.02, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Canadian Solar Inc currently trades 200 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Canadian Solar Inc (CSIQ)?
The closing price on Sep 23, 2026 was $11.34. Our model-based fair value is $34.02, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Canadian Solar Inc right now?
The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($15.71). The market is more pessimistic than our downside scenario. The model range is unusually wide ($15.71 to $52.33). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Canadian Solar Inc
How large is the market capitalisation of Canadian Solar Inc (CSIQ)?
The market capitalisation of Canadian Solar Inc is $1.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Canadian Solar Inc (CSIQ)?
The price-to-sales ratio of Canadian Solar Inc is 0.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Canadian Solar Inc (CSIQ)?
Earnings per share at Canadian Solar Inc are $−2.52. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Canadian Solar Inc (CSIQ)?
The net margin of Canadian Solar Inc is −1.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Canadian Solar Inc (CSIQ)?
The return on equity (ROE) of Canadian Solar Inc is −2.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Canadian Solar Inc (CSIQ)?
On an EBIT basis the return on assets of Canadian Solar Inc is 2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Canadian Solar Inc (CSIQ)?
The operating margin of Canadian Solar Inc is 6.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Canadian Solar Inc (CSIQ)?
Revenue at Canadian Solar Inc is growing −9.9% versus a year earlier (3y avg −9.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Canadian Solar Inc (CSIQ)?
Earnings per share at Canadian Solar Inc are growing +300% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Canadian Solar Inc (CSIQ) generate?
The free cash flow of Canadian Solar Inc is −$1.6B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Canadian Solar Inc (CSIQ) carry?
The net debt of Canadian Solar Inc is $5.8B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 23, 2026