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Section 1: Company Overview and Fundamental Insights
1.1 Company Overview:
Canadian Solar Inc. (NASDAQ: CSIQ) is a solar power company that provides solar power products system solutions with diverse operations across North America, South America, the Middle East, Asia, Europe, Australia, and Africa.
1.2 The Key Positives, Negatives, Investment Highlights, and Risks
1.3 Top 10 Shareholders:
The top 10 shareholders together form ~52.81% of the total shareholding. Qu (Shawn Xiaohua) and Grantham Mayo Van Otterloo & Co LLC holds a maximum stake in the company at ~21.37% and ~7.35%, respectively.
1.4 Key Metrics:
Uptick in revenue growth estimates is well supported by Q2FY22 guidance for module shipments (4.9 to 5.1 GW) and battery storage shipments (expected to surpass 600 MWh.
Section 2: Business Updates and Financial Highlights
2.1 Recent Developments
2.2 Historical Financial Trend
2.3 First Quarter FY22 Performance:
Section 3: Key Risks & Outlook
Section 4: Valuation, Stock Recommendation Summary, Technical Table, and Price Chart
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is July 20, 2022. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest
Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.
Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
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