Stocktoria
Canadian Solar Inc. CSIQ
Canadian Solar Inc. (CSIQ) earns a Piotroski F-score of 1/9 (weak financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2025 revenue was $5.6B at a -1.9% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.68 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 1/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | 0.008 |
| Retained earnings / assets | 0.098 |
| EBIT / assets | 0.003 |
| Equity / liabilities | 0.362 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| CSIQ | Canadian Solar Inc. | 1/9 | 0.77 | — | -6.6% |
| FSLR | FIRST SOLAR, INC. | 7/9 | 6.97 | 16.8 | +24.1% |
| ON | ON SEMICONDUCTOR CORP | 4/9 | 6.24 | 293.6 | -15.3% |
| ARM | ARM HOLDINGS PLC /UK | 6/9 | 8.7 | 409.3 | +22.8% |
| MCHP | MICROCHIP TECHNOLOGY INC | 6/9 | 2.76 | 207.2 | +7.1% |
| AMKR | AMKOR TECHNOLOGY, INC. | 4/9 | 4.49 | 52.2 | +6.2% |
| SWKS | SKYWORKS SOLUTIONS, INC. | 6/9 | 7.01 | 21.4 | -2.2% |
About Canadian Solar Inc.
Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the United States, Europe, and internationally. It operates through two segments, Manufacturing and Recurrent Energy. The Manufacturing Segment focuses on manufacturing and selling solar, battery energy storage and other power technology products, and CSI Solar. It also offers standard solar modules, battery storage solutions, solar system kits, such as inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction services, as well as operates battery energy storage projects. The Recurrent Energy Segment develops, builds, sells, and operates solar power and battery energy storage projects; operates solar power plants; and sells electricity and other services. This segment also provides power operation and maintenance services, including monitor, inspects, repair, and replace of plant equipment, and site management and administrative support services for solar projects, as well as asset management services. The company offers power plant level, commercial, household products, inverter, photovoltaic modules; and sells electricity and smart energy. It serves distributors, system integrators, project developers, installers, and EPC companies, as well as caters to utility companies, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial, or government end users primarily under its Canadian Solar brand name. The company sells its products under CSI, CS PowerTech, CSI Solar, Recurrent Energy, e-STORAGE, SolBank, KuBank, and EP Cube brand names. Canadian Solar Inc. was incorporated in 2001 and is based in Kitchener, Canada.
FAQ
Is CSIQ financially healthy?
Canadian Solar Inc.'s Piotroski F-score is 1/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does CSIQ pay a dividend?
No, Canadian Solar Inc. does not currently pay a dividend.
How profitable is CSIQ?
In FY2025, Canadian Solar Inc. had a net margin of -1.9% and a return on equity of -2.6%.
Is CSIQ overvalued or undervalued?
Canadian Solar Inc. trades at about 29.1× trailing earnings — above its 10-year norm (10-year range 5.6×–23.0×, median 10.5×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for CSIQ?
The average Wall-Street price target for Canadian Solar Inc. is $18.05, about 14.8% above the recent price, from 12 analysts (consensus: hold).
Is CSIQ a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Canadian Solar Inc.: a Piotroski F-score of 1/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.