The Company designs, manufactures and sells solar cell and module products that convert sunlight into electricity for a variety of uses.
solar's finally recovering from the early 08 beating and looking ripe for a jump up. Renewable energy is even more of a global concern now than in 07, and with both Democrat and Republican candidates showing a strong commitment to this, they should continue to grow strong, recession or not. CSIQ is going to be one of the top solar picks for 08
There's a great article in the economist explaining why solar is a bad business for investors...first off, solar isn't viable without govt. mandate/subsidies, second, there's more venture capital going into solar then there are legitmate oppurtinites, third, there's not enough high grade silicon to keep pace with demand for solar panel production.
Absolutely love this company. Products asides, this company has an effective management team that is only goingto continue to grow. Expecting all the factory upgrades to be completed in early 2008, so look for increased productionand margins. Definetely going to be watched in the new year.
Canadian Solar Inc. (CSI) designs, manufactures and sells solar module products that convert sunlight into electricity for a variety of uses. The company’s products include a range of standard solar modules built to general specifications for use in a wide range of residential, commercial and industrial solar power generation systems which are generally sold under its own brand name. CSI also designs and produces specialty solar modules and products based on customers' requirements and implements solar power development projects, primarily in conjunction with government organizations to provide solar power generation in rural areas of China.The company has recently announced a $30-$40M annual sales and distribution agreement with pro solar Solarstrom in Germany for modules. Additionally the company has also secured a $40- $50M sales contract with Amur Energy Division (AED) in early January. The company has also added SolarWorld and Photowatt as customer in the recent period. All these additions in the customer base of the company are expected to add more growth to the revenues in the coming months.CSI has an overall cost advantage due to low-cost operations as compared to its peers and lower-cost silicon sources. The company has been profitable since inception in spite of its small size which shows the potential for growth in this company. Its cost-centric business model affords operational flexibility and keeps asset intensity low.The company has a strong balance sheet which has been funded by the recent IPO in November 2006; this financial boost is expected to help the company to execute an aggressive growth strategy, and gain market share in the coming future. Looking at the current position of the company and its enormous growth prospects in future its shares are expected to outperform the market in the coming months.
SHORT SHORT SHORT IT NOW!!!It will drop back to $30 in a month.Just Compare CSIQ vs YGECSIQ YGEPrice Per Share $51 $19PE 70 42007 Revenue 211 MIL 303 MIL2007 Gross Profit 25 MIL 56 MILIncome before tax (2007) -.4 MIL 30 MILTotal Net Income (2007) -.2 MIL 19 MILEPS (2007) -.01 .14Total Equity (2007) 128 MIL 548 MILLT Debt/Equity .62 .32Profit Margin -.1 9.6many more to list...The CEO of CSIQ is the master of stock manipulation in boasting his stock based on Q1 08 earning and continuing news output to inflate CSIQ stock price. The company is heavily in debt and high stock price is a sure way to finance theie operating activities. This is the largest bubble to ever pop soon with or without oil price pullback. Consider on some data provided between CSIQ and YGE. I guess YGE should be traded at around $137 /share on valuation alone.Not including in the equation EPS, revenue, asset, profit margins...
Solar bubble gotta love it. I can wait until it pops. The points you can make on the "stairs up elevator & down / pump and dump" are to much to ignore. I am just waiting here for the elevator and I know the elevator is coming....Tomorrow? Next month? 2010? Do not know... but it does not cost anything to wait here on CAPS.
There is a great book about investing in high tech titled "The Gorilla Game", written by Geoffrey Moore and few others. If you believe in the financial success of a particular technology, you should pick a basket of companies to invest in in the early stages of the technology adoption life cycle since you don't know which ones will become the winners. The solar electricity sector is at this stage. You can actually see some companies that are falling off this basket, e.g. LDK, but Canadian Solar is still one my eggs in the basket that will keep growing with the demands for cleaner energy and less dependency on oil.
Just got $40-50 millon contract from Spain for the year. Last year revenue were $50 Million, so with this conract there is a good chance to double the revenue. With approx $100 million 2007 revenue (including Sapin contract), trading at a p/s multiple of 2.5, which is much lower than any other Solar company.This should see atleast $15-16 in next 3-4 months.
Long and short.Long: Despite recession - projected global energy demands continue to exceed projected supplies - ergo continued growth for proven alt energy companies. Short: Initial sector exuberance has been duly corrected. Prices for good alt energy stocks are in the fair to middling range right now. Alt energy rebates likely to be returned via pending federal stimulus package.
HAS HAD 169% GAIN IN 2007 AND MOVING UP UNDER ITS YEAR RATING
Canadian Solar, Inc., together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar module products that convert sunlight into electricity for various uses.Canadian Solar offers its products to China, Germany, Spain, Japan and the US.
One of the greatest solars
Balance sheet is much better than competitors
January 13th things are correcting heavily on the solar market. If you have been waiting to buy some good ones, keep your eye out, the time is close. I have been tracking CSIQ for a while, and am just writing my pitch.With a 5 year growth estimate of 37% and an earnings surprise of 200% CSIQ makes the top 5 of Motley Fools "Way to Prosperity" list http://www.fool.com/investing/general/2008/01/09/the-path-to-prosperity.aspxMarket Watch also places them on the "Eight for '08 list who predict it will reach 45 and advise to buy around 20-22 http://www.marketwatch.com/news/story/alternative-energy-stocks-setting-up/story.aspx?guid=%7B1788479F%2DA99D%2D4B62%2DA322%2DCEDDB1BC8FB7%7D&siteid=yhoofHere we have CAPS rating it in the top 5 canadian companies.http://www.fool.com/investing/international/2007/12/26/etf-teardown-canadas-top-stocks.aspxAnalyst on average say hold, with a mean target of 19, but with recent coverage leaning to buy, and some targets at 28http://finance.yahoo.com/q/ae?s=CSIQThey do have a specialty products line: LEDs auto battery chargers, etchttp://www.csisolar.com/Specialty.aspinstitutional ownership 20%Some industry and sector comparison charts. Particularly look at the "CSIQ VS INDUSTRY LEADERS" chart at bottom of page. http://finance.yahoo.com/q/in?s=CSIQThis is a long seeking alpha article. It is short '08, bullish longterm. Read this before sinking all your money.http://seekingalpha.com/article/58786-pv-industry-in-oversupply-in-2008?source=yahoo
One thing about photovoltaic solar panels is that they just need light. Doesn’t matter if it’s ice cold out or even cloudy they still produce electricity. So why not Canada, aren’t they entitled to clean energy?
small solar play smashing expectations
Although oil will still be king for the forseeable future clean tech is already making inroads and should grow almost exponentially. Be it wind, solar, bio fuels or what ever, as a group they are only a small part of 1 percent of the total energy complex and will take years to make a significant dent in oil. Long term buy!!!
Great China play:* Currently undervalued based on earnings projected for this year, which are based on guaranteed contracts in China, Canada, US, Germany, and Spain - PE would be near 10 based on current estimates (which keep going up every week!)* The stock doesn't have "China" written in its title - it has "Canada" in the title because that is where the company is established - manufacturing and most sales occur in China though. Having un-sexy Canada in the title instead of China means people haven't quite caught on (I think a lot of people search for stocks with "China" in the name to buy China stocks!) That means it is still flying under the radar.
I think these chinese solar stocks are the next dot com stocks, volitale but if invested in now will make huge profits in the near future.
Keep your eyes open on this one! Time to buy!
For details about CAPS-UK, and the conditions you agree to be bound by, please see our
Terms and Conditions.
© Copyright 1998-2013, The Motley Fool Limited. All rights reserved. This material is for personal use only.
The Motley Fool, Fool, and the "Fool" logo are registered trademarks of The Motley Fool, Holdings, Inc.
Place of Reg: England & Wales. Company Reg No: 3736872. VAT Reg No: 945 6990 68. Registered Office: 5th Floor, 60 Charlotte Street London W1T 2NU.
This page brought to you by USEQ\WEB22.