Canadian Solar Inc

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  • Canadian Solar’s Competitive Advantage
    Company & Industry Overviews

    Canadian Solar’s Competitive Advantage

    Canadian Solar (CSIQ) derives its competitive advantage from its strategic positioning in the downstream market, its broad range of crystalline silicon solar power products, and its technology.

    By Saania Malik
  • uploads///rev
    Earnings Report

    Canadian Solar Beat Analysts’ 3Q17 Revenue Estimates

    Canadian Solar’s revenues from the sale of electricity in 3Q17 totaled $9.6 million, which was marginally lower than $9.8 million in 2Q17.

    By Alexis Tate
  • uploads///intexp
    Earnings Report

    Analyzing JA Solar’s Leverage and Liquidity Position

    JA Solar Holdings (JASO) reported $12.1 million as interest expense for 3Q17 compared to $12.4 million in 2Q17 and $11.3 million in 3Q16.

    By Alexis Tate
  • uploads///CSIQ Rev
    Company & Industry Overviews

    Understanding Canadian Solar’s Business Model

    A significant proportion of Canadian Solar’s revenue comes from its top five customers, a structure that’s not uncommon in the industry.

    By Saania Malik
  • uploads///stock price
    Earnings Report

    What to Expect From First Solar’s 2Q16 Earnings

    First Solar (FSLR) is expected to announce its 2Q16 earnings results on August 4, 2016, after market hours.

    By Sheldon Krieger
  • uploads///gross margin
    Earnings Report

    What Do Analysts Expect for Yingli Solar’s Margins in 3Q16?

    For 3Q16, analysts expect Yingli Solar to report a gross profit of about $31.0 million with a gross margin of about 12.4%, which is in line with the company’s gross margin guidance.

    By Sheldon Krieger
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    Earnings Report

    A Closer Look at Trina Solar’s 2Q16 Shipments

    Trina Solar (TSL) had given shipment guidance of 1,500 MW (megawatts) to 1,600 MW for 2Q16. However, the company reported 1,658.3 MW of solar (TAN) module shipments recognized in its revenue for 2Q16.

    By Sheldon Krieger
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    Macroeconomic Analysis

    Solar Stocks and ETFs Drop Following EU Decision

    The European Union decided to review a minimum import price agreement for Chinese solar panels, pulling the solar stocks down.

    By Mike Sonnenberg
  • uploads///recogrev
    Earnings Report

    Why Canadian Solar’s Shipments Rose during 3Q17

    In 4Q17, Canadian Solar expects its solar module shipments to reach ~1.7–1.8 GW.

    By Alexis Tate
  • uploads///EV to EBITDA
    Earnings Report

    Where Does Yingli Solar’s Valuation Stand among Peers?

    As of December 9, 2016, among its major peers, Yingli Solar had the highest forward EV-to-EBITDA multiple of 14.3x.

    By Sheldon Krieger
  • uploads///cost of sales
    Earnings Report

    JA Solar’s Costs in 3Q17 and How That Affected Its Bottom Line

    JA Solar’s total cost of sales for 3Q17 was $575.4 million compared to $778.9 million in 2Q17 and $539.3 million in 3Q16.

    By Alexis Tate
  • uploads///Part  history
    Company & Industry Overviews

    First Solar: A key player in the global solar power industry

    First Solar was the first solar power company to join the S&P 500 (SPY). We’ll take a look at the company’s operations before moving on to greater details.

    By Mike Sonnenberg
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    Company & Industry Overviews

    Comparing First Solar, SunRun, and SunPower’s Valuations

    First Solar (FSLR) stock is trading at a forward EV-to-EBITDA multiple of 4x based on analysts’ earnings estimates for 2019.

    By Vineet Kulkarni
  • uploads///rev
    Earnings Report

    Analysts Expect Yingli Solar’s Revenue to Rise in 3Q17

    In 3Q16, Yingli Solar (YGE) posted nearly $218.9 million in total revenues. Analysts estimate that it will report ~$242 million in revenues in 3Q17.

    By Alexis Tate
  • uploads///rating
    Earnings Report

    Yingli Solar Stock Has a ‘Sell’ Rating before Its 3Q17 Results

    Currently, only one analyst is covering Yingli Solar (YGE) stock. The analyst gave the company a “sell” (or 100%) rating.

    By Alexis Tate
  • uploads///isp
    Earnings Report

    What to Expect from Yingli Solar’s 3Q17 Earnings

    Yingli Solar will announce its 3Q17 earnings results on December 6 before market hours. Since its 2Q17 earnings, its stock price has fallen nearly 13.1%.

    By Alexis Tate
  • uploads///rev
    Earnings Report

    How JA Solar Beat Analysts’ 3Q17 Revenue Estimates

    In 3Q17, JA Solar reported total revenues of $652.6 million compared to $878.2 million in 2Q17 and $624.3 million in 3Q16.

    By Alexis Tate
  • uploads///isp
    Earnings Report

    Why JA Solar Stock Fell after Its 3Q17 Earnings Release

    On November 15, 2017, after market hours, JA Solar Holdings (JASO) announced its 3Q17 results for the quarter ended September 30, 2017.

    By Alexis Tate
  • uploads///isp
    Earnings Report

    Why Canadian Solar’s Stock Price Fell after Its 3Q17 Results

    Canadian Solar (CSIQ) reported its 3Q17 earnings results on November 9. CSIQ declared earnings per share of $0.22, slightly below the analyst consensus estimate of $0.26.

    By Alexis Tate
  • uploads///rev
    Earnings Report

    Why SunPower Reported Lower 3Q17 Revenues

    SunPower (SPWR) reports its revenue under the power plant, residential, and commercial segments. The latter two segments are together called the distributed generation segments.

    By Alexis Tate
  • uploads///isp
    Earnings Report

    SunPower Stock Surges 15% after 3Q17 Earnings Release

    SunPower (SPWR) announced its 3Q17 earnings before market hours on November 2. In this series, we’ll examine SunPower’s 3Q17 results in detail and compare the results with analysts’ estimates.

    By Alexis Tate
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    Company & Industry Overviews

    First Solar: A Key Player in the Global Solar Power Industry

    First Solar (FSLR) produces solar energy equipment. In this series, we’ll look at its performance and the outlook for the industry.

    By Alexis Tate
  • uploads///Part
    Company & Industry Overviews

    First Solar: A Guide to Valuation

    Relative valuation PE (price-to-earnings) and EV-to-EBITDA multiples are commonly used to determine relative valuation. The forward PE multiple considers a company’s equity based on earnings forecasts for the next 12 months. On September 29, 2017, First Solar’s forward PE multiple was reported to be 21.9x. This PE multiple was higher than JA Solar’s (JASO) 9.1x and Canadian Solar’s […]

    By Alexis Tate
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    Company & Industry Overviews

    First Solar’s Profits Impacted by Heavy Restructuring Charges

    Pre-tax loss First Solar’s (FSLR) pretax loss in 2016 was $471.7 million, compared with a profit of $519.8 million in 2015. The loss could be attributed to the huge $729 million restructuring pre-tax charges faced by the company in the fourth quarter of 2016. Net loss in 2016 First Solar reported a net loss of $358.0 […]

    By Alexis Tate
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    Company & Industry Overviews

    Why First Solar’s Gross Margins Contracted in 2016

    Cost of sales First Solar’s (FSLR) Components segment saw its cost of sales rise 6% to $1.1 billion in fiscal 2016, from $1.0 billion in fiscal 2015. On the other hand, despite higher volumes, the Systems segment’s cost of sales fell 29% to $1.1 billion in fiscal 2016 from $1.6 billion in fiscal 2015. Overall, the company’s cost […]

    By Alexis Tate
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    Company & Industry Overviews

    Southern and Nextera Energy: First Solar’s Key Customers

    High customer concentration In 2016, First Solar (FSLR) sold solar modules to customers in the United States, India, and the United Arab Emirates. Approximately 23% of its total revenue was from third-party module sales. The majority of First Solar’s customer base is in the United States, which makes up to more than 80% of total […]

    By Alexis Tate
  • uploads///FY
    Company & Industry Overviews

    How Will Restructuring Initiatives Impact SunPower?

    SunPower expects to incur about $225 million–$275 million in restructuring charges as part of closing its Philippine-based Fab 2 manufacturing facility.

    By Sheldon Krieger
  • uploads///stock price
    Company & Industry Overviews

    Why SunPower Stock Rose after the Restructuring Announcement

    The market cheered SunPower’s restructuring initiatives. The initiatives are expected to reduce the company’s costs and improve its future margins.

    By Sheldon Krieger
  • uploads///capacity expansion
    Earnings Report

    A Look at Trina Solar’s Capacity Expansion and Financial Position

    Trina Solar’s interest expenses have consistently been on the rise over the last two years. For 3Q16, they were $28.6 million compared to $26.0 million in 2Q16.

    By Sheldon Krieger
  • uploads///Gross profit
    Earnings Report

    How Did Trina Solar’s Costs Affect Its Gross Margin in 3Q16?

    In 3Q16, Trina Solar (TSL) reported a gross profit of $125.6 million compared to $176.3 million in 2Q16. On a YoY basis, the company’s gross profit fell nearly 9.0%.

    By Sheldon Krieger
  • uploads///EBITDA outlook
    Earnings Report

    What to Expect from Canadian Solar’s Future Earnings

    Following its 3Q16 results, Canadian Solar revised down its US GAAP revenue guidance for 2016 to $2.8 billion–$2.9 billion.

    By Sheldon Krieger
  • uploads///FSLR series  product advantage
    Miscellaneous

    First Solar Will Focus on Accelerating Its Series 6 Product

    On November 16, 2016, First Solar (FSLR) announced an update on its Series 6 product transition and revised its fiscal 2016 guidance.

    By Sheldon Krieger
  • uploads///interest expenses
    Earnings Report

    What’s Canadian Solar’s Leverage and Liquidity Position?

    Canadian Solar’s interest expenses fell considerably in 2Q16 to $11.9 million from $16.1 million at the end of 1Q16.

    By Sheldon Krieger
  • uploads///stock price
    Earnings Report

    What to Expect from Canadian Solar’s 3Q16 Earnings

    Canadian Solar (CSIQ) is set to announce its 3Q16 earnings results on November 21, 2016, before market hours.

    By Sheldon Krieger
  • uploads///margin estimates
    Earnings Report

    Focusing on First Solar’s 3Q Earnings for Signs of Growth

    First Solar’s adjusted EBITDA for 3Q15 came in at $466 million. For 3Q16, analysts expect First Solar’s adjusted EBITDA to be around $120 million.

    By Sheldon Krieger
  • uploads///ev
    Earnings Report

    How Does Trina Solar Compare to Its Peers on Valuation?

    Among major upstream solar companies, First Solar (FSLR) has the lowest estimated EV-to-EBITDA multiple of 3.9x for 2016. This is followed by Trina Solar’s (TSL) estimated multiple of 6.9x.

    By Sheldon Krieger
  • uploads///guidance
    Earnings Report

    What to Expect from Trina Solar’s Future Earnings

    Analysts anticipate a decrease in gross profit and gross margin for Trina Solar. For the coming quarter, analysts anticipate that the company will report about $145 million in gross profit, which would be a ~18% decrease on a quarter-over-quarter basis.

    By Sheldon Krieger
  • uploads///SCTY  yr Stock Price
    Company & Industry Overviews

    SolarCity’s Potential on the Horizon

    SolarCity’s stock price gained 412% since December 2012. We’ll see if it can match its increasing market share with increased earnings.

    By Saania Malik
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    Earnings Report

    FirstSolar Presents Bullish Guidance for 2H15

    FirstSolar (FSLR) expects to generate $3.5 billion to $3.6 billion in revenues in 2015. This implies that its revenues in 2H15 should come in at around $2.2 billion.

    By Mike Sonnenberg
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    Earnings Report

    SunPower in 2Q15: Liquidity Shrinks on Cash Burn

    SunPower reported cash and cash equivalents of $623 million as of June 29, 2015, as opposed to $956.2 as of December 28, 2014.

    By Mike Sonnenberg
  • uploads///Part  pipeline
    Earnings Report

    What Does the Future Hold for SunPower?

    In 3Q15, SunPower (SPWR) expects to generate $400 million to $450 million in revenues and net losses of $0.50 to $0.60 per share.

    By Mike Sonnenberg
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    Earnings Report

    SunPower in 1H15: Why Its Gross Margin Dropped

    SunPower (SPWR) reported that its total cost of revenues were $660.2 million, or 80% of revenues, in 1H15. In 1H14, these costs were $943.2 million or 79% of revenues.

    By Mike Sonnenberg
  • uploads///CSIQ Profitability Ratios of CSIQ Peers
    Company & Industry Overviews

    Measuring Profitability: Canadian Solar Outshines Peers

    To measure Canadian Solar ‘s(CSIQ) operating profitability, we took a look at its earnings before interest, tax, depreciation and amortization, or EBITDA.

    By Saania Malik
  • uploads///CSIQ Capacity Expansion
    Company & Industry Overviews

    Canadian Solar’s Manufacturing Business: Rising Market Share

    Canadian Solar (CSIQ) designs its standard modules for residential, commercial, and utility markets. The company offers modules of various power outputs.

    By Saania Malik
  • uploads///CSIQ Annual Rev
    Company & Industry Overviews

    Why You Should Consider Canadian Solar

    Canadian Solar (CSIQ) is vertically integrated across the solar value chain. It’s a Canada-based firm but most of its manufacturing takes place in China.

    By Saania Malik
  • uploads///Part  PV types
    Company & Industry Overviews

    SunPower’s Solar Components Business Model: How Does It Work?

    SunPower uses solar cells to produce solar panels at its facilities in the Philippines, Mexico, and France. It has a total solar panel capacity of 1.7 GW.

    By Mike Sonnenberg
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