With a name like Canadian Solar, this stock wants you to think mainly of its facilities north of the border in Canada. But outside of Ontario, CSIQ has huge operations overseas including sites in China, Indonesia and Brazil.

It takes a two-pronged approach as a business, with its solar segment concerned with selling cells and energy storage, and its global energy segment concerned with power generation from solar farms it runs directly. This diversification allowed it to perform better than many of the dedicated solar cell manufacturers that struggled in 2023.

While it has seen shares suffer a decline over the last 12 months, Canadian Solar looks poised to double, according to current analyst price targets.

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Last Update: July 1, 2024

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