Canadian Solar Inc.
CSIQTechnologyNASDAQSolar · Last scanned May 29, 2026
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Daily timeframeCanadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the United States, Europe, and internationally. With a market capitalization of $1.37B, it sits in small-cap territory. It operates through two segments, Manufacturing and Recurrent Energy.
Market Cap
$1.37B
Beta
1.44
P/E (TTM)
—
P/E (Fwd)
24.64
EPS (TTM)
$-2.52
EPS (Fwd)
$0.82
ROE
-4.4%
ROA
0.8%
Cash
$1.63B
Total Debt
$6.89B
Free CF
-$1.04B
52W Change
92.4%
Annual Financials
Cash vs Debt
On the balance sheet, CSIQ has $1.63B in cash with $6.89B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$1.04B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -4.4% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 0.8% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $7.47B (2022) to $5.60B (2025), a 25% decline worth watching.
Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Canadian Solar Inc.'s trajectory.