Canadian Solar: Slight Growth Cannot Remove Concerns Over Operations In China
CSIQSolar(CSIQ) Seeking Alpha·2024-09-10 22:41
Justin Paget Investment Thesis I am optimistic about Canadian Solar (NASDAQ:CSIQ), but I rate it as a hold. Its stock has been on a solid downtrend in the last 2 years, hitting its 2018 low at $11.91. The company is grappling with oversupply in its highest domestic China market of solar panels. The company is still recording profits and has a high potential for a speculative buy as it plans to expand its manufacturing capacity. However, due to oversupply concerns in China, the alternative of exportation ...