Two shares in short check: ⬇️
The first company we are talking about is Canadian Solar. ☀️ $CSIQ (-6,59%)
What is Canadian Solar and what does it do?
Canadian Solar is a solar energy and battery company. The company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. The company designs, develops and manufactures solar ingots, wafers, cells, modules and solar power products.
Canadian Solar segments:
Its segments include CSI Solar and Global Energy.
The CSI Solar segment primarily involves the design, development, manufacture, and sale of a range of solar energy products, including solar modules, solar system kits, battery storage solutions, power, and other materials, components, and services. The Global Energy segment consists of global solar and energy storage projects, operations and maintenance services and asset management, power, and other development services. The company's products include a range of solar modules for use in residential, commercial, and industrial solar power systems.
How many employees does the company have: 🙋🏽♂️🙋🏻♀️
Currently, Canadian Solar employs a total of approximately 13,500 people.
P/E RATIO:
Canadian Solar is valued at a P/E ratio of approximately 12.60.
Foundation: 🏦
Canadian Solar was founded in 2001.
Market capitalization: 💰
Currently, the company has a market capitalization of around €2.1 billion.
Dividend yield:
The company does not yet pay dividends to its shareholders.
Strengths of the share: 📈
- The company usually announces numbers that are above analyst consensus and with percentages that generally surprise on the upside.
- For the past year, analysts have regularly revised their revenue expectations for the company upward.
- The company has an attractive valuation when looking at the multiple of the company's earnings. With a P/E ratio of 13, the company is among the lowest valued in the market.
- Analysts predict strong growth in business activity. This is expected to continue for several years.
Weaknesses of the share: 📉
- The estimates of analysts following the company drift widely. The difference between estimates suggests either a difficulty in predicting results or a fundamental difference in interpretation on the part of analysts.
- The company does not pay a dividend to its shareholders, this is where other companies in the industry are ahead of the company as it is more attractive to many shareholders
How does the stock look chart-wise? (USD converted into euros) 📈📉
Currently, the share price is just under 33.50€. Here we have recently bounced 2 times at the support zone at just under 32.50€ and the bears could not break through this support zone. If this zone is approached again and the bears break through this zone, there would be a lot of room at the bottom and the next support would be at 26.80€.
Currently, the first resistance is at 34.50€. This must be overcome so that the share can continue to rise. The next resistance would be at 36.50€. If this is also sustainably overcome, we have the next thick resistance at just under €40. There it would be very exciting, because the price did not get through there several times.
The second company we are looking at is Beyond Meat: ⬇️ $BYND (-6,66%)
What is and does Beyond Meat: 🤔
Beyond Meat is a food company that offers plant-based meats. The company's product offerings include Beyond Burger, Beyond Sausage, Beyond Beef, Beyond Meatballs, Beyond Breakfast Sausage Patties, Beyond Breakfast Sausage Links, Beyond Beef Crumbles and Beyond Italian Sausage Crumbles. The company markets a range of plant-based products across its three main meat platforms of beef, pork and poultry. The company's products are available in approximately 122,000 retail and foodservice outlets in grocery stores, merchandisers, clubs, convenience stores and natural food stores, as well as other food-away-from-home channels, including restaurants, foodservice outlets and schools. The company also offers its products through an e-commerce website.
How many employees does the company have: 🙋🏽♂️🙋🏻♀️
Currently, Beyond Meat has a total of around 1400 employees.
Foundation: 🏦
Beyond Meat was founded in 2009.
Market capitalization: 💰
Currently, the company has a market capitalization of around 930 million euros.
Dividend yield:
The company also does not pay dividends to its shareholders yet.
Strengths of the share: 📈
- The company has very well-known customers.
Weaknesses of the share: 📉
- The price targets of the analysts included differ considerably. This indicates different assessments and/or difficulties in valuing the company.
- As a percentage of sales and excluding provisions and depreciation, the company has relatively low margins.
- The company shows insufficient profitability.
- With a high level of net debt and relatively low EBITDA, the company has a weak financial situation.
How does the share look from a chart perspective? (USD converted to euros) 📈📉
Currently, the price here is about 14.30€. We recently had an important support zone here at €14.50, which is currently slightly undercut. If we do not come the share slowly back over here, the target would be the first support zone at 13.60 €. If this does not hold either, there is a lot of room to the downside. The next support would be at 10.50 €. If the share wins back the support zone at 14.50€, the first resistance would be at just under 15.80€. If this resistance is sustainably taken out, the next target is the resistance at 17.60€. After this mark, the resistance zone at 18.80€ is very important, as it was approached several times, but then the share was sold off directly.
My opinion:
As always, I find both stocks very very exciting. I couldn't say now which one would interest me more, as I find both segments extremely exciting. I will now continue to look at my mentioned zones and possibly enter in the short or long term. 👍🏽
Depending on that possibly also with leverage.
Your opinion:
Now, of course, I would like to hear your opinions again in the comments about these two stocks.
What do you think of Canadian Solar and Beyond Meat and did you already know these companies? 🤔
Do you guys have one or both of these stocks maybe already in your portfolio?
Feel free to let me know in the comments.
This is of course not investment advice but just my own opinion that I want to share with you!
