CSIQ bullish over multiyear period, Battery Energy Storage upsid
CSIQ may be weak in the short term, but the price leave plenty of potenial upside for a multiyear period.
-deep below tangible book value. price under 20 now and tangible book value near 40.
-2.87 eps next year '25 expected, and 10.00 potential over next 5 years on a under 20$ stock
-62% ownership in CSI solar subsidiary which trades in china , offsets all or most of csiq debt
5 year price target potentials
-tangible book level, stock could initially spike to at least tangible book level (deepvalue)
-as EPS rises, stock could trade at some multiple of earnings , 20-30 multiple on 10 eps?
On BESS and CSI/CSIQ",credit perplexity.ai search
Battery Energy Storage Systems (BESS) are becoming increasingly important in the renewable energy sector, and Canadian Solar Inc. (CSIQ) along with its subsidiary CSI Solar are well-positioned to benefit from the industry's growth over the next 5 years. Here's an overview of the situation:
## BESS Industry Growth
The battery energy storage market is experiencing rapid expansion due to several factors:
- Increasing adoption of renewable energy sources
- Growing need for grid stability and peak demand management
- Declining costs of battery technology
- Supportive government policies and incentives
## Canadian Solar's Position
Canadian Solar, through its subsidiary CSI Energy Storage, has made significant strides in the BESS market:
1. **Product Development**: In 2022, the company launched its proprietary battery storage product called SolBank for utility-scale applications[4].
2. **Manufacturing Capacity**: CSI Energy Storage announced plans to expand its battery manufacturing capacity from 2.5 GWh to 10 GWh by the end of 2023[4].
3. **Project Pipeline**: As of Q2 2022, CSI Energy Storage's system integration pipeline reached 11 GWh, including 861 MWh under long-term service agreements and 1.9 GWh under construction or contracted[4].
## Benefits for CSIQ and CSI Solar
Over the next 5 years, CSIQ and CSI Solar are likely to benefit from the BESS industry growth in several ways:
1. **Increased Revenue**: The company expects strong growth in its battery energy storage solutions, with shipments anticipated to increase by 500% compared to the previous year[2].
2. **Market Expansion**: CSI Solar is expanding into new markets, including residential energy storage and power electronics, which will help diversify its revenue streams[2].
3. **Synergies**: The growth in battery storage solutions will enhance synergies with the company's battery storage project development business[4].
4. **Competitive Advantage**: The SolBank product is positioned as one of the most bankable and competitive integrated battery storage solutions in the market[4].
5. **Long-term Contracts**: CSI Energy Storage's pipeline includes long-term service agreements, providing stable revenue streams[4].
6. **Industry Leadership**: Continuous R&D investment and technological innovation are helping CSI Solar maintain its leading position in the market[3].
7. **Financial Performance**: CSI Solar projects strong profitability, with net profits expected to reach up to RMB 1.40 billion in the first half of 2024, marking two consecutive quarters of growth[2].
As the solar-plus-storage market continues to grow, Canadian Solar and CSI Solar are well-positioned to capitalize on this trend. The company's integrated approach, combining solar panel manufacturing with energy storage solutions, provides a competitive edge in the evolving renewable energy landscape.
Citations:
[1] cpuc.ca.gov/-/media/cpuc-website/about-cpuc/documents/transparency-and-reporting/fact_sheets/csifactsheet_v4.pdf
[2] tipranks.com/news/company-announcements/csi-solar-projects-strong-growth-in-2024
[3] pvtime.org/csi-solar-expects-net-profit-to-increase-in-h1-2024/
[4] investors.canadiansolar.com/news-releases/news-release-details/canadian-solars-subsidiaries-csi-energy-storage-launches-solbank
[5] seia.org/research-resources/solar-industry-research-data/
[6] sistinesolar.com/solar-energy-market-growth/
[7] csisolar.com/na/make-the-difference/canadian-solar-hidm-report/
[8] sap.com/asset/dynamic/2024/04/fac4f745-b67e-0010-bca6-c68f7e60039b.html
-deep below tangible book value. price under 20 now and tangible book value near 40.
-2.87 eps next year '25 expected, and 10.00 potential over next 5 years on a under 20$ stock
-62% ownership in CSI solar subsidiary which trades in china , offsets all or most of csiq debt
5 year price target potentials
-tangible book level, stock could initially spike to at least tangible book level (deepvalue)
-as EPS rises, stock could trade at some multiple of earnings , 20-30 multiple on 10 eps?
On BESS and CSI/CSIQ",credit perplexity.ai search
Battery Energy Storage Systems (BESS) are becoming increasingly important in the renewable energy sector, and Canadian Solar Inc. (CSIQ) along with its subsidiary CSI Solar are well-positioned to benefit from the industry's growth over the next 5 years. Here's an overview of the situation:
## BESS Industry Growth
The battery energy storage market is experiencing rapid expansion due to several factors:
- Increasing adoption of renewable energy sources
- Growing need for grid stability and peak demand management
- Declining costs of battery technology
- Supportive government policies and incentives
## Canadian Solar's Position
Canadian Solar, through its subsidiary CSI Energy Storage, has made significant strides in the BESS market:
1. **Product Development**: In 2022, the company launched its proprietary battery storage product called SolBank for utility-scale applications[4].
2. **Manufacturing Capacity**: CSI Energy Storage announced plans to expand its battery manufacturing capacity from 2.5 GWh to 10 GWh by the end of 2023[4].
3. **Project Pipeline**: As of Q2 2022, CSI Energy Storage's system integration pipeline reached 11 GWh, including 861 MWh under long-term service agreements and 1.9 GWh under construction or contracted[4].
## Benefits for CSIQ and CSI Solar
Over the next 5 years, CSIQ and CSI Solar are likely to benefit from the BESS industry growth in several ways:
1. **Increased Revenue**: The company expects strong growth in its battery energy storage solutions, with shipments anticipated to increase by 500% compared to the previous year[2].
2. **Market Expansion**: CSI Solar is expanding into new markets, including residential energy storage and power electronics, which will help diversify its revenue streams[2].
3. **Synergies**: The growth in battery storage solutions will enhance synergies with the company's battery storage project development business[4].
4. **Competitive Advantage**: The SolBank product is positioned as one of the most bankable and competitive integrated battery storage solutions in the market[4].
5. **Long-term Contracts**: CSI Energy Storage's pipeline includes long-term service agreements, providing stable revenue streams[4].
6. **Industry Leadership**: Continuous R&D investment and technological innovation are helping CSI Solar maintain its leading position in the market[3].
7. **Financial Performance**: CSI Solar projects strong profitability, with net profits expected to reach up to RMB 1.40 billion in the first half of 2024, marking two consecutive quarters of growth[2].
As the solar-plus-storage market continues to grow, Canadian Solar and CSI Solar are well-positioned to capitalize on this trend. The company's integrated approach, combining solar panel manufacturing with energy storage solutions, provides a competitive edge in the evolving renewable energy landscape.
Citations:
[1] cpuc.ca.gov/-/media/cpuc-website/about-cpuc/documents/transparency-and-reporting/fact_sheets/csifactsheet_v4.pdf
[2] tipranks.com/news/company-announcements/csi-solar-projects-strong-growth-in-2024
[3] pvtime.org/csi-solar-expects-net-profit-to-increase-in-h1-2024/
[4] investors.canadiansolar.com/news-releases/news-release-details/canadian-solars-subsidiaries-csi-energy-storage-launches-solbank
[5] seia.org/research-resources/solar-industry-research-data/
[6] sistinesolar.com/solar-energy-market-growth/
[7] csisolar.com/na/make-the-difference/canadian-solar-hidm-report/
[8] sap.com/asset/dynamic/2024/04/fac4f745-b67e-0010-bca6-c68f7e60039b.html
Nota
upside, massive spike toward 20, no news, other than big spike in CSI solar hong kong subsidiary.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.