Canadian Solar (NASDAQ:CSIQ) and Micron Technology (NASDAQ:MU) are both oils/energy companies, but which is the better stock? We will compare the two companies based on the strength of their risk, dividends, institutional ownership, earnings, analyst recommendations, profitability and valuation.
Earnings and Valuation
This table compares Canadian Solar and Micron Technology’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Canadian Solar||$3.20 billion||0.35||$171.59 million||$2.19||8.69|
|Micron Technology||$23.41 billion||2.34||$6.31 billion||$6.15||7.99|
Micron Technology has higher revenue and earnings than Canadian Solar. Micron Technology is trading at a lower price-to-earnings ratio than Canadian Solar, indicating that it is currently the more affordable of the two stocks.
This is a summary of current ratings for Canadian Solar and Micron Technology, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Canadian Solar currently has a consensus price target of $27.25, indicating a potential upside of 43.19%. Micron Technology has a consensus price target of $63.43, indicating a potential upside of 29.06%. Given Canadian Solar’s stronger consensus rating and higher probable upside, research analysts plainly believe Canadian Solar is more favorable than Micron Technology.
Institutional & Insider Ownership
40.5% of Canadian Solar shares are owned by institutional investors. Comparatively, 80.1% of Micron Technology shares are owned by institutional investors. 0.2% of Micron Technology shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
This table compares Canadian Solar and Micron Technology’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Risk and Volatility
Canadian Solar has a beta of 1.6, meaning that its stock price is 60% more volatile than the S&P 500. Comparatively, Micron Technology has a beta of 1.61, meaning that its stock price is 61% more volatile than the S&P 500.
Micron Technology beats Canadian Solar on 11 of the 14 factors compared between the two stocks.
About Canadian Solar
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems. The company also provides specialty solar products consisting of Andes Solar Home System, an off-grid solar system that provides an economical source of electricity to homes and communities without access to grid; and Maple Solar System, a clean energy solution for families, as well as solar system kits, which are a ready-to-install packages that consist inverters, racking systems, and other accessories. In addition, it develops, builds, and sells solar power projects; performs engineering, procurement, and construction (EPC) work for solar power projects; and offers operation and maintenance services that include inspection, repair, and replacement of plant equipment, site management, and administrative support services. Further, the company generates and sells electricity through its solar plants with an aggregate capacity of approximately 1,211.1 megawatts. Canadian Solar Inc. offers its products to distributors, system integrators, project developers, and installers/EPC companies. The company has operations in North America, South America, Europe, Africa, the Middle East, Australia, and Asia. Canadian Solar Inc. was founded in 2001 and is based in Guelph, Canada.
About Micron Technology
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.
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