CSIQ vs. SHLS, DQ, JKS, SPWR, MXL, XPER, AMBA, KLIC, SEDG, and NRP
Should you be buying Canadian Solar stock or one of its competitors? The main competitors of Canadian Solar include Shoals Technologies Group (SHLS), Daqo New Energy (DQ), JinkoSolar (JKS), SunPower (SPWR), MaxLinear (MXL), Xperi (XPER), Ambarella (AMBA), Kulicke and Soffa Industries (KLIC), SolarEdge Technologies (SEDG), and Natural Resource Partners (NRP).
Canadian Solar (NASDAQ:CSIQ) and Shoals Technologies Group (NASDAQ:SHLS) are both small-cap oils/energy companies, but which is the superior stock? We will compare the two businesses based on the strength of their community ranking, valuation, institutional ownership, earnings, media sentiment, risk, profitability, analyst recommendations and dividends.
Canadian Solar has a beta of 1.29, indicating that its stock price is 29% more volatile than the S&P 500. Comparatively, Shoals Technologies Group has a beta of 1.86, indicating that its stock price is 86% more volatile than the S&P 500.
Shoals Technologies Group has a net margin of 6.42% compared to Canadian Solar's net margin of 2.80%. Shoals Technologies Group's return on equity of 13.95% beat Canadian Solar's return on equity.
Canadian Solar currently has a consensus price target of $31.78, suggesting a potential upside of 101.64%. Shoals Technologies Group has a consensus price target of $17.29, suggesting a potential upside of 169.80%. Given Shoals Technologies Group's stronger consensus rating and higher probable upside, analysts plainly believe Shoals Technologies Group is more favorable than Canadian Solar.
52.4% of Canadian Solar shares are owned by institutional investors. 21.5% of Canadian Solar shares are owned by insiders. Comparatively, 1.7% of Shoals Technologies Group shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
In the previous week, Shoals Technologies Group had 5 more articles in the media than Canadian Solar. MarketBeat recorded 12 mentions for Shoals Technologies Group and 7 mentions for Canadian Solar. Canadian Solar's average media sentiment score of 0.45 beat Shoals Technologies Group's score of 0.07 indicating that Canadian Solar is being referred to more favorably in the media.
Canadian Solar has higher revenue and earnings than Shoals Technologies Group. Canadian Solar is trading at a lower price-to-earnings ratio than Shoals Technologies Group, indicating that it is currently the more affordable of the two stocks.
Canadian Solar received 462 more outperform votes than Shoals Technologies Group when rated by MarketBeat users. Likewise, 59.11% of users gave Canadian Solar an outperform vote while only 47.30% of users gave Shoals Technologies Group an outperform vote.
Summary
Shoals Technologies Group beats Canadian Solar on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CSIQ and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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