If you want to invest in the Canadian Solar share price or add it to your stock market portfolio, we suggest you check out all the economic information and stock market data you'll need for your analyses of this value. We'll be focusing on the activities and sources of income of this group as well as its competitive environment and its recent partnerships. We will also explain how to set up a relevant fundamental analysis of this stock with the main publications to watch out for.
First of all, we must keep a careful eye on the evolution of the global demand for batteries and storage solutions, which has been increasing significantly in recent years and which could accelerate its growth.
Competition in this sector of activity is increasingly fierce and should also be the subject of a relevant analysis since major players in the energy sector are currently interested in and diversifying into the solar energy segment.
It's also important to take into account the various policies implemented in view of the energy transition and the current climate issues which may favour the activities of the group.
It's also important to take into account all the strategic operations put in place by Canadian Solar with the strategic partnerships, the creation of joint ventures and of course the acquisition and disposition transactions aimed at accelerating its presence in certain markets.
Finally, a complete analysis of the group's financial results year by year is essential, remembering to systematically compare them with analysts' expectations and the forecasts and objectives communicated to shareholders by the company itself.
We suggest you gain deeper insight about Canadian Solar with a detailed presentation of its activities and sources of income. This will help you understand what its future challenges and possibilities for growth may be.
The Canadian Solar Inc. group is a Canadian company specializing in the solar energy sector.
More specifically, this company is a solar energy systems, products, services and solutions supplier. The group operates in North America but also the rest of the world including South America, Europe, Africa, the Middle East, Australia and Asia. Its activities are divided into several sectors including:
Canadian Solar Company designs, develops and manufactures ingots, wafers, cells, modules and solar energy products. The CSI segment is mainly responsible for the design, development, manufacture and sale of a range of solar energy products including solar modules, solar system kits, battery energy storage solutions, power and other materials, components and services.
The Global Energy segment covers global solar energy and energy storage projects, operations and maintenance and asset management services, power and other development services.
Among the products developed and sold by the group are solar modules intended for use in residential, commercial and industrial solar energy production systems. The group currently employs 12,774 people.
The Canadian Solar group is obviously not the only company operating in this industry and faces certain competitors that you should take into account in your analyses. Here is a quick overview:
This Indian Company specializes in energy and engineering. It manufactures and markets diesel generators and photovoltaic solar modules. It therefore operates four key activities in India with its subsidiaries Powergen & Distribution, Solar, EPC and Defense.
This American company is a manufacturer of solar panels but also one of the leaders in this field worldwide. Its production sites are located in the United States, Malaysia and Germany. It's one of the largest manufacturers of photovoltaic panels thanks to its thin-film semiconductor technology based on cadmium telleride.
This Company is currently the world's largest manufacturer of photovoltaic solar panels. It is a Chinese company founded in 2006 and listed on the NYSE since 2010. It's also positioned among the leaders in the manufacture of photovoltaic panels around the world and is the leader in this sector in China.
This is the other manufacturer of solar panels and in which the TotalEnergies group holds a majority stake.
While Canadian Solar has many adversaries in its sector of activity, it can also count on certain allies as it regularly establishes strategic partnerships with other companies. To help you understand the value of these alliances, here are two tangible examples:
First of all, the group signed a partnership with Real Goods Solar which is one of the leaders in the installation of photovoltaic solutions in the United States for the residential sector. This contract allows Canadian Solar to supply up to 40MW of high performance solar modules to Real Goods Solar in order to supply commercial and residential installations throughout the United States.
Another strategic partnership set up by Canadian Solar was with the company EOSOL. More precisely, it was a contract for the supply of 8MW of photovoltaic panels for the new EOSOL Energies Nouvelles power station which offered a total installed capacity of around 10.7MW. The new plant was built in France, Charente Maritime and over an area of over 180,000 m2. The latter was put into operation in October 2011. Also bear in mind that the EOSOL Energies Nouvelles group had previously chosen solar panels produced by Canadian Solar for three other installations in France with a 230 KWp project in the town of Le Barp in Aquitaine, an 8MWp project in Villeneuve de Marsan in the Landes and a final 5.1 MWp project in the commune of Génétouze in Charente Maritime.
The capital of the Canadian Solar group is partly held by large private investors. The most important is Shawn Qu who owns 23.3%. Next comes Schroder Investment Management in Hong Kong for 6.85% of the shares, Lion Point Capital with 4.49%, Morgan Stanley & Co with 5.11%, Claren Road Asset Management with 4.42%, Keywise Capital Management with 3.33%, Columbia Wanger Asset Management with 2.95 %, Connor, Clark & Lunn Investment Management with 2.74%, The Vanguard Group with 2.69% and Quentec Asset Management with 2.67%.
To know how the Canadian Solar group share is likely to evolve in the more or less long term, it is important to carry out several types of analysis including a technical analysis which should be based on the study of the main graphic trend indicators and volatility as well as a fundamental analysis which uses the most important news and publications.
It isn't necessary to hold a securities account or PEA (French equity savings plan) to make investments in the Canadian Solar share price as you can simply go through derivatives like CFDs online to invest in this security. These contracts for difference allow you to speculate on the rise or drop of the price of this asset without actually owning it.
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