Touchstone
Last syncNov 1, 2026, 6:55 PM ET

CSIQ

Canadian Solar Inc. Information Technology Semiconductors & Related Devices Russell 3000
$9.26Close $627.9MMarket cap $8.85 – $33.5852-week range Nov 12, 2026Next report

Highlights

Cautions

  • Not in an uptrend 0 of 8 trend conditions
  • Lagging the market RS 3 · weaker than 97% of stocks over 12 months
  • Far from its high 72% below its 52-week high
  • Distribution down-day volume 1.8× up-day volume over 50 sessions
  • Results soon Nov 12, 2026, in 11 days
  • Financial distress Altman Z″ in the distress zone

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Apr 10, 2026
Off 12-month high 72%
1wk up 0.3% price change
1mo down 19.6% price change
12-month return down 48% market up 11% · its own down 58%
F-score 1 / 9 Weak
Altman Z 0.56 Elevated risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B 0.2× price / book
Earnings yield up 0.8% EBIT / enterprise value
Cheaper than 43% of the market · around average
Revenue growth down 7% year on year
EPS growth — latest quarter
Sales growth — latest quarter
ROE down 4% return on equity
Free cash margin down 22% -$1.2B FCF
D/E 2.14 long-term debt / equity
Net debt / EBITDA 7.8×
Interest cover —EBIT / interest
Piotroski tests
  • not yet profitable on its assets
  • operating cash flow is negative
  • profitability slipped from last year
  • profits not fully backed by cash
  • took on more long-term debt
  • short-term liquidity weakened
  • issued more shares
  • assets working less efficiently
  • gross margin widened

Repair signals

  • Gross margin 16.7% → 18.3%

Trade setup

ATR% 6.6% $0.61 a day · 2×ATR $8.03
RS 3 / 99 vs the universe
Trend 0 / 8 trend template
Relative volume 1.1× vs 50-day average
Up/down volume 0.55 50 sessions
Implied move — no option chain · report Nov 12, 2026
Trend template · 0 of 8

Screen verdict

Did not qualify for any screen.

Warning signs

3 flagged
  • Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
  • Heavily indebted Net debt is 7.8 times EBITDA — roughly 8 years of earnings before interest, tax and depreciation to repay borrowings in full.
  • Revenue shrinking Revenue fell 6.6% over the year, from $6.0B to $5.6B.

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $5.6B -7% on FY2024
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $3.5B FY2021 · $5.3B FY2022 · $7.5B FY2023 · $7.6B FY2024 · $6.0B FY2025 · $5.6B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$104.1M down to a loss
-$200M $0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $147.2M FY2021 · $109.9M FY2022 · $298.6M FY2023 · $274.2M FY2024 · $36.1M FY2025 · -$104.1M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$1.2B
-$2B $0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$120.5M FY2021 · -$837.0M FY2022 · $289.5M FY2023 · -$431.8M FY2024 · -$2.0B FY2025 · -$1.2B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 18%
  • Net -2%
  • Free cash -22%
-50% 0% 20% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 20% · Net 4% · Free cash -3% FY2021 · Gross 17% · Net 2% · Free cash -16% FY2022 · Gross 17% · Net 4% · Free cash 4% FY2023 · Gross 17% · Net 4% · Free cash -6% FY2024 · Gross 17% · Net 1% · Free cash -33% FY2025 · Gross 18% · Net -2% · Free cash -22%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $4.6B net debt
  • Cash
  • Long-term debt
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $1.2B · Long-term debt $934.6M FY2021 · Cash $869.8M · Long-term debt $1.0B FY2022 · Cash $981.4M · Long-term debt $2.3B FY2023 · Cash $1.9B · Long-term debt $3.1B FY2024 · Cash $1.7B · Long-term debt $4.6B FY2025 · Cash $1.4B · Long-term debt $6.0B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 67.81m +13.4% since FY2020
67.81m 59.82m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 59.82m FY2021 · 64.02m FY2022 · 64.51m FY2023 · 66.16m FY2024 · 66.95m FY2025 · 67.81m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $3.5B $5.3B $7.5B $7.6B $6.0B $5.6B
Gross margin 20% 17% 17% 17% 17% 18%
Operating income $220.4M $190.4M $356.1M $453.3M -$30.1M $43.2M
Net income $147.2M $109.9M $298.6M $274.2M $36.1M -$104.1M
Net margin 4% 2% 4% 4% 1% -2%
Earnings per share $2.36 $1.60 $4.19 $3.80 $0.54 -$1.55
Free cash flow -$120.5M -$837.0M $289.5M -$431.8M -$2.0B -$1.2B
Free cash margin -3% -16% 4% -6% -33% -22%
Cash $1.2B $869.8M $981.4M $1.9B $1.7B $1.4B
Long-term debt $934.6M $1.0B $2.3B $3.1B $4.6B $6.0B
Shareholders' equity $1.6B $1.8B $1.9B $2.6B $2.8B $2.8B
Shares outstanding 59.82m 64.02m 64.51m 66.16m 66.95m 67.81m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Apr 10, 2026 Annual ↗ Dec 31, 2025 100d
Apr 30, 2025 Annual ↗ Dec 31, 2024 120d
Apr 26, 2024 Annual ↗ Dec 31, 2023 117d
Apr 18, 2023 Annual ↗ Dec 31, 2022 108d
Apr 28, 2022 Annual ↗ Dec 31, 2021 118d
Apr 19, 2021 Annual ↗ Dec 31, 2020 109d
Apr 28, 2020 Annual ↗ Dec 31, 2019 119d
Apr 25, 2019 Annual ↗ Dec 31, 2018 115d
Apr 26, 2018 Annual ↗ Dec 31, 2017 116d
Apr 27, 2017 Annual ↗ Dec 31, 2016 117d
Apr 20, 2016 Annual ↗ Dec 31, 2015 111d
Apr 23, 2015 Annual ↗ Dec 31, 2014 113d

Current reports

FiledDisclosed
Oct 29, 2026 Foreign issuer report ↗
Aug 27, 2026 Foreign issuer report ↗
Aug 13, 2026 Foreign issuer report ↗
Jul 23, 2026 Foreign issuer report ↗
Jul 6, 2026 Foreign issuer report ↗
Jul 2, 2026 Foreign issuer report ↗
Jun 12, 2026 Foreign issuer report ↗
May 14, 2026 Foreign issuer report ↗
Apr 27, 2026 Foreign issuer report ↗
Mar 19, 2026 Foreign issuer report ↗
Feb 27, 2026 Foreign issuer report ↗
Feb 10, 2026 Foreign issuer report ↗