Canadian Solar (NASDAQ:CSIQ) is a company that you really do not have to think too hard about to know what they do. It is the largest solar panel manufacturer in Canada, and was founded in 2001 in Guelph, Ontario. Canadian Solar manufactures and installs solar panels and other solar energy infrastructure for utility, commercial, and residential consumers, and currently operates seventeen manufacturing facilities across North America and Asia. The company operates in plenty of international markets, with ongoing solar infrastructure projects in countries like Germany, Italy, Brazil, the United States, China, Australia, Japan, and India. Canadian Solar has a strong connection to China, and saw 50 percent of the fiscal year 2020 revenue come from Asian markets, as well as 20% from Europe. Learn More
Like with many renewable energy companies, Canadian Solar skyrocketed at the beginning of 2021 as excitement over the new Biden administration caused many investors to speculate on renewables. The stock has a 52-week trading range of $16.82 to $67.39, and its current price level of approximately $36.00 per share shows a steep discount to its 52-week high price. Let’s see how Canadian Solar looks as a long-term investment.