Canadian Solar Inc. (CSIQ) Bundle
A Brief History of Canadian Solar Inc. (CSIQ)
Company Overview
Canadian Solar Inc. is a publicly traded solar energy company headquartered in Guelph, Ontario, Canada. Founded in 2001, the company is a global manufacturer of solar photovoltaic modules and provider of solar energy solutions.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $8.14 billion |
| Net Income | $276.5 million |
| Gross Margin | 17.3% |
| Market Capitalization | $2.98 billion |
Global Manufacturing Capacity
- Total Module Production Capacity: 33 GW annually
- Manufacturing Facilities: 19 locations across multiple countries
- Countries with Manufacturing: China, Canada, Brazil, Vietnam
Geographic Market Distribution
| Region | Market Share |
|---|---|
| Asia Pacific | 42% |
| North America | 28% |
| Europe | 20% |
| Other Regions | 10% |
Stock Performance
As of January 2024, CSIQ stock price: $36.75 per share
Solar Project Development
- Total Solar Projects Developed: Over 5.4 GW
- Active Projects Globally: 48 countries
- Energy Storage Projects: 2.2 GW
A Who Owns Canadian Solar Inc. (CSIQ)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Dimensional Fund Advisors LP | 4,576,611 | 8.23% |
| Renaissance Technologies LLC | 3,764,500 | 6.77% |
| Morgan Stanley | 2,987,245 | 5.37% |
Founder and Key Management Ownership
Dr. Shawn Qu, Founder and Chairman, owns approximately 14.2% of the company's shares.
Insider Ownership Breakdown
- Total insider ownership: 16.5%
- Independent directors: 4.3%
- Executive management: 12.2%
Public Float
Total public float: 73.5% of outstanding shares
Geographic Distribution of Shareholders
| Region | Percentage |
|---|---|
| United States | 62.4% |
| Canada | 15.6% |
| International Investors | 22% |
Canadian Solar Inc. (CSIQ) Mission Statement
Company Overview
Canadian Solar Inc. (CSIQ) is a publicly traded solar technology company founded in 2001 and headquartered in Guelph, Ontario, Canada.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $8.21 billion |
| Net Income | $439.1 million |
| Global Module Shipments | 24.2 GW |
Mission Statement Components
- Provide sustainable solar energy solutions globally
- Develop innovative photovoltaic technologies
- Reduce carbon emissions through renewable energy
Global Presence
| Region | Manufacturing Facilities |
|---|---|
| China | 5 facilities |
| Canada | 1 facility |
| Brazil | 1 facility |
Strategic Focus
Canadian Solar focuses on solar module production, solar power project development, and energy storage solutions.
How Canadian Solar Inc. (CSIQ) Works
Company Overview
Canadian Solar Inc. is a publicly traded solar technology company headquartered in Guelph, Ontario, Canada. Founded in 2001, the company operates globally with manufacturing facilities in multiple countries.
Business Segments
Canadian Solar operates through two primary business segments:
- Solar Module Manufacturing
- Solar Power Project Development
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $8.20 billion |
| Gross Profit | $673.5 million |
| Net Income | $247.3 million |
| Market Capitalization | $2.94 billion |
Manufacturing Capabilities
Manufacturing facilities located in:
- China
- Canada
- Brazil
- Indonesia
Global Solar Module Production
| Module Type | Annual Production Capacity |
|---|---|
| Monocrystalline Modules | 26.5 GW |
| Bifacial Modules | 15.5 GW |
Geographic Revenue Distribution
| Region | Revenue Percentage |
|---|---|
| North America | 42% |
| Asia Pacific | 28% |
| Europe | 20% |
| Other Regions | 10% |
Key Performance Metrics
- Total Solar Projects Developed: 7.2 GW
- Operating Margin: 8.2%
- Global Employees: 14,500
How Canadian Solar Inc. (CSIQ) Makes Money
Revenue Streams
Canadian Solar Inc. generates revenue through multiple segments:
- Solar Module Manufacturing
- Solar Power Project Development
- Energy Storage Solutions
- Power Plant Sales
Financial Performance 2023
| Financial Metric | Amount (USD) |
|---|---|
| Total Revenue | $7.48 billion |
| Gross Profit | $621.5 million |
| Net Income | $273.4 million |
Solar Module Manufacturing
Annual Solar Module Production Capacity: 33.0 GW
Global Project Development Portfolio
| Region | Developed Capacity |
|---|---|
| North America | 5.2 GW |
| South America | 3.1 GW |
| Asia | 4.7 GW |
| Europe | 2.9 GW |
Energy Storage Solutions
Battery Storage Capacity: 2.5 GWh
Geographic Revenue Distribution
| Region | Revenue Percentage |
|---|---|
| China | 32% |
| North America | 28% |
| Latin America | 20% |
| Europe | 15% |
| Other Regions | 5% |
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