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Canadian Solar (CSIQ) Competitors

$19.64
-0.01 (-0.05%)
(As of 05/31/2024 ET)

CSIQ vs. DQ, MXL, AMBA, XPER, KLIC, FORM, POWI, TSEM, SLAB, and IPGP

Should you be buying Canadian Solar stock or one of its competitors? The main competitors of Canadian Solar include Daqo New Energy (DQ), MaxLinear (MXL), Ambarella (AMBA), Xperi (XPER), Kulicke and Soffa Industries (KLIC), FormFactor (FORM), Power Integrations (POWI), Tower Semiconductor (TSEM), Silicon Laboratories (SLAB), and IPG Photonics (IPGP).

Canadian Solar vs.

Canadian Solar (NASDAQ:CSIQ) and Daqo New Energy (NYSE:DQ) are both small-cap oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, media sentiment, community ranking, risk, earnings, institutional ownership, analyst recommendations, valuation and profitability.

In the previous week, Canadian Solar had 1 more articles in the media than Daqo New Energy. MarketBeat recorded 5 mentions for Canadian Solar and 4 mentions for Daqo New Energy. Daqo New Energy's average media sentiment score of 1.15 beat Canadian Solar's score of 0.23 indicating that Daqo New Energy is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Canadian Solar
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Daqo New Energy
1 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Daqo New Energy has lower revenue, but higher earnings than Canadian Solar. Canadian Solar is trading at a lower price-to-earnings ratio than Daqo New Energy, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Canadian Solar$7.61B0.17$274.19M$2.886.82
Daqo New Energy$2.31B0.64$429.55M$2.1310.57

Canadian Solar received 184 more outperform votes than Daqo New Energy when rated by MarketBeat users. However, 66.60% of users gave Daqo New Energy an outperform vote while only 59.16% of users gave Canadian Solar an outperform vote.

CompanyUnderperformOutperform
Canadian SolarOutperform Votes
533
59.16%
Underperform Votes
368
40.84%
Daqo New EnergyOutperform Votes
349
66.60%
Underperform Votes
175
33.40%

52.4% of Canadian Solar shares are held by institutional investors. Comparatively, 47.2% of Daqo New Energy shares are held by institutional investors. 21.5% of Canadian Solar shares are held by company insiders. Comparatively, 24.3% of Daqo New Energy shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Daqo New Energy has a net margin of 7.84% compared to Canadian Solar's net margin of 2.80%. Canadian Solar's return on equity of 5.61% beat Daqo New Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Canadian Solar2.80% 5.61% 1.73%
Daqo New Energy 7.84%2.46%2.15%

Canadian Solar has a beta of 1.29, indicating that its stock price is 29% more volatile than the S&P 500. Comparatively, Daqo New Energy has a beta of 0.32, indicating that its stock price is 68% less volatile than the S&P 500.

Canadian Solar currently has a consensus target price of $29.00, suggesting a potential upside of 47.66%. Daqo New Energy has a consensus target price of $27.63, suggesting a potential upside of 22.67%. Given Canadian Solar's stronger consensus rating and higher possible upside, equities analysts plainly believe Canadian Solar is more favorable than Daqo New Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canadian Solar
1 Sell rating(s)
4 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.33
Daqo New Energy
2 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.75

Summary

Canadian Solar beats Daqo New Energy on 10 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CSIQ and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CSIQ vs. The Competition

MetricCanadian SolarSemiconductors & related devices IndustryEnergy SectorNASDAQ Exchange
Market Cap$1.30B$50.00B$8.34B$7.97B
Dividend YieldN/A1.98%11.63%4.00%
P/E Ratio6.8221.2510.3015.18
Price / Sales0.1714.0578.5993.40
Price / Cash2.2425.5011.2131.51
Price / Book0.356.372.994.59
Net Income$274.19M$912.54M$979.69M$213.90M
7 Day Performance7.91%-0.29%1.52%0.87%
1 Month Performance20.12%7.06%5.72%3.60%
1 Year Performance-51.48%27.29%9.64%7.91%

Canadian Solar Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
DQ
Daqo New Energy
3.8629 of 5 stars
$19.92
-2.3%
$27.63
+38.7%
-37.3%$1.31B$2.31B9.355,765Short Interest ↓
Positive News
MXL
MaxLinear
2.0045 of 5 stars
$18.84
+2.2%
$25.70
+36.4%
-39.2%$1.57B$540.09M-9.971,328Positive News
AMBA
Ambarella
2.5142 of 5 stars
$50.35
+0.5%
$71.08
+41.2%
-19.4%$2.06B$226.47M-11.88915Analyst Forecast
Short Interest ↓
News Coverage
Gap Up
XPER
Xperi
1.4017 of 5 stars
$8.91
-2.7%
$22.50
+152.5%
-25.3%$402.29M$521.33M-3.282,100
KLIC
Kulicke and Soffa Industries
3.208 of 5 stars
$46.78
-0.8%
$59.00
+26.1%
-13.6%$2.59B$742.49M-39.313,025Analyst Revision
Positive News
FORM
FormFactor
3.2129 of 5 stars
$58.70
+0.5%
$48.40
-17.5%
+74.9%$4.53B$664.38M44.472,115Insider Selling
Short Interest ↓
POWI
Power Integrations
4.4647 of 5 stars
$77.37
+0.2%
$87.40
+13.0%
-12.0%$4.39B$444.54M84.10819Dividend Announcement
Insider Selling
TSEM
Tower Semiconductor
2.4054 of 5 stars
$37.85
+0.5%
$46.33
+22.4%
-4.1%$4.14B$1.39B8.585,215Positive News
SLAB
Silicon Laboratories
0.4646 of 5 stars
$127.61
-0.1%
$135.00
+5.8%
-10.3%$4.07B$782.26M-38.551,846Positive News
IPGP
IPG Photonics
4.7783 of 5 stars
$83.74
-2.2%
$110.40
+31.8%
-21.5%$3.82B$1.29B21.586,180Short Interest ↑

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This page (NASDAQ:CSIQ) was last updated on 6/1/2024 by MarketBeat.com Staff

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