CSIQ - Canadian Solar: High-Risk Reward Investment

2024-07-01 01:16:51 ET

Summary

• Canadian Solar's Q1 performance has been positive, with better-than-expected results.
• We believe the company is expected to benefit from increased energy consumption requirements due to AI technology and data center growth.
• CSIQ remains a buy recommendation thanks to CSI Solar's equity stake and a focus on profitability over volume.

Here at the Lab, this is not the first time that we have updated our readers on Canadian Solar's performance ( CSIQ ). In November 2023, we anticipated short-term risks, downgrading 2023 and 2024 EBITDA estimates due to module prices and lower sales; however, we maintained a buy rating with the expectation of de-stocking activities in the US and Europe....

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