Downloading...
Download

CSIQ

Canadian Solar secures major solar power contract in EuropeCanadian Solar Inc., through its subsidiary Recurrent Energy, has achieved a significant milestone by securing its first major solar power supply contract in the European market with GKN Automotive in Spain. This marks a pivotal expansion for Canadian Solar as it taps into the growing European renewable energy sector. The contract encompasses a 10-year agreement to support the Rey I project – a 115MW solar power plant in Seville, Spain. Set to commence operations in early 2026, the plant is expected to generate approximately 240 GWh annually, enough to power roughly 73,000 homes. Despite the broad community benefits, the primary energy recipient under this agreement will be GKN Automotive, which targets zero emissions by 2045 as part of its sustainability goals. Technical analysis of Canadian Solar Inc. (NASDAQ: CSIQ) Reviewing Canadian Solar's stock for potential trading opportunities: Timeframe : Daily (D1) Current trend : the stock is in a downtrend that began in May 2023. However, the downtrend's momentum is showing signs of weakening, with recent price action challenging the resistance line Resistance level : previously at 15.80 USD, which was breached recently Support level : established at 15.25 USD Potential downtrend continuation : if the downtrend resumes, watch for potential declines Short-term target : if the trend reverses to an uptrend, the short-term target could be 21.10 USD, reflecting a significant rebound from the current resistance level Medium-term target : with sustained upward movement, the stock price might aim for 27.00 USD Investors should closely monitor Canadian Solar's performance, particularly considering this new European contract, which could significantly influence the company's growth trajectory and stock value. This achievement not only enhances Canadian Solar's footprint in the renewable energy sector but also aligns with broader global shifts towards sustainable energy solutions. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
NASDAQ:CSIQ
by RoboMarkets
CSIQ oversold and valuation attractive Canadian Solar bounce potential trade. Its oversold and potentially pricing alot of the potential risk, making it attractive for a trade. Fundamentally is attractive. Tangible book value is 38 ish while stock is under 15. They took one debt to build manufacturing facility, so debt is productive. 3.6b debt vs 1.94 cash. PE is under 5, but when we factor in debt level, then the PE is realistically higher than PE shown. Economic Factors still tough. High rates are not helping solar industry as funding costs for operations and for consumer purchase financing costs are higher. Also energy costs are moderate and not super high, and if energy falls with weak economic demand then this would hurt solar demand potentially. Technical price action- Csiq has been in a deep downturn in price and near extremes on the bollinger bands. Earnings coming on may 9th will be a catalyst, negative earnings expected. Trade idea, in my option, would be to buy long stock with no options used. If the trade doesnt work, I believe holding would be worthwhile. Avoiding options and option decay seems appropriate. I would target somewhere between 20-24 where the 200 day moving average is. tangible book value is at 38, but I dont believe a move all the way to that is highly probably because of the debt level and the nature of small margin business.
NASDAQ:CSIQ
by ValuePig
Canadian Solar: Why You Should Buy NowWhy You Should Invest in Canadian Solar Inc. Canadian Solar Inc. is a leading global solar power company with a strong financial position and a bright future. The company has a long history of profitability and growth, and it is well-positioned to capitalize on the growing demand for solar energy. Financial analysis Canadian Solar's financial position is strong. The company has a healthy balance sheet, with a debt-to-equity ratio of just 0.23. It also has a strong cash flow, with free cash flow of $1.5 billion in 2022. In addition, Canadian Solar's financial metrics are attractive compared to its peers. The company's price-to-earnings (P/E) ratio of 15.5 is lower than the average P/E ratio of 20 for other solar power companies. Its price-to-book (P/B) ratio of 1.6 is also lower than the average P/B ratio of 2.5 for other solar power companies. Technical analysis Technical analysis also suggests that Canadian Solar is a good investment. The stock is currently near its monthly low, which indicates that it is oversold. Additionally, the distance from the 180-day moving average is about 35%, which suggests that there is room for a recovery. Analyst rating The consensus among 11 analysts is to buy Canadian Solar. This suggests that there is a high level of confidence in the company's future. Smart money concept analysis Smart money concept analysis also suggests that Canadian Solar is a good investment. The stock is currently in a discount, which means that it is trading below its intrinsic value. This suggests that there is a high probability of a rebound. Entry signal The entry signal for Canadian Solar is a green candle closing after touching the monthly low. The stock should also be exiting the discount zone. Target The take profit for Canadian Solar is the weekly high if you want to exit the position in the short term. For a longer-term investment, the take profit is close to the balance zone and the change of character (CHoCH). The stop loss is at the break of structure (BoS) of 2022. Conclusion Based on the above analysis, Canadian Solar is a good investment for investors who are looking for a company with a strong financial position, a bright future, and attractive technical and valuation metrics. Additional considerations Of course, any investment carries some risk. However, Canadian Solar is a well-managed company with a strong financial position and a bright future. Here are some additional considerations for investors who are considering investing in Canadian Solar: The global solar market is growing rapidly, but it is still in its early stages. This means that there is some risk of competition from new entrants. Canadian Solar is a global company with operations in over 20 countries. This exposes the company to political and economic risks. The company is subject to government regulations in the countries in which it operates. These regulations could change, which could impact the company's business. Investors should carefully consider these factors before investing in Canadian Solar.
NASDAQ:CSIQLong
by 03.freeman
2
CSIQ LongThis week, I was mostly mad at myself for missing a great trade on AMD. I was waiting for Inverse Head and Shoulder to break the Neckline for some time now and I completely forgot about the setup. Note to myself: PUT ALERTS ON LEVELS YOU ARE WATCHING! Put AMD aside, one stock caught my eye since last week. Most likely I will be buying them on Monday. CSIQ - Canadian Solar Inc. is stock I am looking on with couple of things to consider first: 1. CSIQ is on path to break the resistance level sitting at $43.5- 44 price range. 2. If this level gets broken, my expectation is that the price will continue it's long move up to the previous High sitting at $67.44. 3. My first buy point is at the current price. I will surely be adding on my position once price approaches the next resistance line sitting at $48-49 price range. 4. Most likely I will be adding again to my position once stock movement approaches the break of the last ATH price level. Of course, this is just my thinking, this doesn't mean I am right. I am a professional trader and investor and my risk is different then majority of people is.
NASDAQ:CSIQLong
by De_Banis
Breakout Trade in CSIQCSIQ is a market leader in today’s #1 sector - solar energy. Shares soared over 60% between July and August as solar stocks came front and center as a leading theme in the market recovery. The 200-day moving average has begun sloping upward, putting CSIQ at the beginning of a new Stage 2 uptrend (see my previous post on the 4 Stages of the Stock Cycle). The pink dots on the relative strength line on top of the chart signal new RS highs being made by CSIQ. In other words, the stock has held up better than the general market over the last couple weeks. I’d like to see Tuesday’s action stay inside of Friday’s range to post a true inside day. If that happens, I will look to buy on a breakout above the Friday candle at 46.25.
NASDAQ:CSIQLong
by rossgivens
PLUG at critical level - time to break through PLUG has been in an aggressive downward move this year. The chart shows two failed attempts to get through the $29.60 resistance level. It is now attempting a 3rd and I'm bullish. Why? The price action shows the aggressive downward move, a breakout from this move around $26.30 and a slight rotation of the angles indicating we may have found a bottom and more buyers are coming in. But the ascending triangle is why I'm hopeful for a rotation up, this is a bullish pattern and it follows the evening out of the slope down. The 29.60 level is critical because it is not only a stubborn resistance, but it now has the 200 EMA sitting on top of it which can also act as resistance. Double Whamy. Because this level is so stubborn I'll be placing a stop buy order on the other side of this, with a tight stop in case of a false break and a rejection back lower. You'll see similar patterns in Bloom Energy, Canadian Solar and some of the other green energy stocks, which suggests a category rotation giving me more faith in the move. Suggest picking which one to trade carefully and not picking all of them without looking at correlation since they're all behaving in very similar ways.
NASDAQ:PLUGLong
by JBlack99