CSIQ
Canadian Solar Inc. Technology - Solar Investor Relations →
Canadian Solar Inc. (CSIQ) closed at $14.26 as of 2026-03-20, trading 38.3% below its 200-week moving average of $23.11. This places CSIQ in the extreme value zone. The stock is currently moving closer to the line, down from -20.6% last week. The 14-week RSI sits at 35, indicating neutral momentum.
Trading volume is running at 1.7x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.75 ratio) is neutral — neither side is clearly dominating.
Over the past 962 weeks of data, CSIQ has crossed below its 200-week moving average 16 times. On average, these episodes lasted 32 weeks. Historically, investors who bought CSIQ at the start of these episodes saw an average one-year return of +19.6%.
With a market cap of $955 million, CSIQ is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -4.4%. The stock trades at 0.3x book value.
Share count has increased 4.6% over three years, indicating dilution.
Over the past 18.5 years, a hypothetical investment of $100 in CSIQ would have grown to $113, compared to $590 for the S&P 500. CSIQ has returned 0.7% annualized vs 10.1% for the index, underperforming the broader market over this period.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: CSIQ vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CSIQ Crosses Below the Line?
Across 16 historical episodes, buying CSIQ when it crossed below its 200-week moving average produced an average return of +15.1% after 12 months (median -4.0%), compared to +12.7% for the S&P 500 over the same periods. 36% of those episodes were profitable after one year. After 24 months, the average return was -10.6% vs +31.2% for the index.
Each line shows $100 invested at the moment CSIQ crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CSIQ has crossed below its 200-week MA 16 times with an average 1-year return of +19.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2007 | Oct 2007 | 2 | 11.7% | +25.8% | +58.4% |
| Sep 2008 | Aug 2009 | 44 | 80.7% | +5.3% | -6.1% |
| Aug 2009 | Sep 2009 | 1 | 0.6% | -18.1% | -4.3% |
| Oct 2009 | Nov 2009 | 1 | 3.2% | -4.2% | -2.2% |
| May 2010 | Jun 2013 | 164 | 85.1% | -30.9% | +1.1% |
| Sep 2015 | Sep 2015 | 1 | 4.0% | -23.9% | -16.3% |
| Jan 2016 | Jan 2016 | 1 | 2.7% | -33.7% | -24.1% |
| Feb 2016 | Feb 2016 | 2 | 16.5% | -37.4% | -26.6% |
| Mar 2016 | Jan 2019 | 149 | 51.3% | -32.1% | -28.2% |
| Nov 2019 | Nov 2019 | 2 | 8.8% | +159.7% | -4.6% |
| Mar 2020 | Apr 2020 | 3 | 10.8% | +208.8% | -3.1% |
| Jan 2022 | Jan 2022 | 2 | 4.6% | +66.4% | -43.4% |
| May 2022 | May 2022 | 1 | 11.9% | +47.9% | -41.4% |
| Aug 2023 | Nov 2025 | 117 | 73.0% | -58.7% | -56.6% |
| Nov 2025 | Dec 2025 | 4 | 5.3% | N/A | -37.0% |
| Jan 2026 | Ongoing | 11+ | 38.3% | Ongoing | -26.4% |
| Average | 32 | — | +19.6% | — |
Frequently Asked Questions
Is CSIQ below its 200-week moving average?
Yes. As of 2026-03-20, Canadian Solar Inc. (CSIQ) is trading 38.3% below its 200-week moving average of $23.11. The current price is $14.26.
What is CSIQ's 200-week moving average price?
Canadian Solar Inc.'s 200-week moving average is $23.11 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when CSIQ drops below its 200-week moving average?
CSIQ has crossed below its 200-week moving average 16 times in our data. On average, buying at that moment produced a one-year return of +19.6%. These dips have historically been decent entry points. These episodes lasted 32 weeks on average.
Is CSIQ a good value right now?
Here's what our data says about CSIQ as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 35. Free cash flow is currently negative. Return on equity is -4.4%. Price-to-book is 0.3x. This is not a buy or sell recommendation — always do your own research.
How does CSIQ compare to the S&P 500?
Over the past 18.5 years, $100 invested in CSIQ would have grown to $113, compared to $590 for the S&P 500. That's 0.7% annualized vs 10.1% for the index. CSIQ has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20