CSIQ vs ARRY vs HYSR Stock Comparison

Canadian Solar, Array Technologies and Sunhydrogen Prices as of Oct 26, 2026 Peers: Industry group
CSIQ Canadian Solar Inc.
$8.85 -18.1% 1M -41.0% 1Y
Market cap
$600.12M
P/E
–
Revenue (TTM)
$4.99B
Div. yield
–
Solar Equipment Industrials
3 wins
HYSR Sunhydrogen, Inc.
$0.02 0.0% 1M -33.3% 1Y
Market cap
$114.98M
P/E
–
Revenue (TTM)
$1.25K
Div. yield
–
Fuel Cells Industrials
2 wins

Head to Head

8 decided of 12

Canadian Solar leads on 3 of the 12 questions below (Canadian Solar 3, Array Technologies 3, Sunhydrogen 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCSIQARRYHYSRLeader
Larger companyMarket capitalisation $600.12M $485.12M $114.98M CSIQ
Cheaper on earningsLower P/E, profitable companies only -2.5x -3.3x -16.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 4.0x — –
Faster revenue growthRevenue growth, trailing twelve months -15.7% +1.2% — ARRY
More profitableNet margin, trailing twelve months -4.9% -12.5% -522,521.9% CSIQ
Better return on capitalReturn on invested capital -0.2% -13.4% — CSIQ
Less leveragedLower net debt / EBITDA — -302.9x — –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -41.0% -64.8% -33.3% HYSR
Better 5-year returnAnnualised price return, 5 years -25.6%/yr -29.7%/yr -13.0%/yr HYSR
Less volatileAnnualised volatility, 1 year 92.2% 78.8% 141.9% ARRY
Higher overall scoreMean of the five percentile scores vs peers 47/100 61/100 44/100 ARRY

Percentile Scorecard

CSIQARRYHYSR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCSIQARRYHYSR
Valuation 74 #7 of 24 87 #4 of 24 30 #17 of 24
Growth 5 #21 of 22 33 #15 of 22 24 #17 of 22
Profitability 74 #6 of 20 79 #5 of 20 11 #18 of 20
Financial Health 34 #22 of 33 44 #19 of 33 100 #1 of 33
Shareholder Returns – – 57 #4 of 8
Overall 47 61 44
  • CSIQ ranked among 33 companies in Clean Energy Equipment
  • ARRY ranked among 33 companies in Clean Energy Equipment
  • HYSR ranked among 33 companies in Clean Energy Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCSIQARRYHYSRSPY
1 month -18.1%-21.8%0.0% -0.8%
3 months -35.8%-42.8%0.0% +3.5%
6 months -36.4%-60.5%0.0% +7.0%
Year to date -62.8%-65.8%-33.3% +12.2%
1 year -41.0%-64.8%-33.3% +13.0%
3 years -53.9%-81.5%+100.0% +86.3%
3 years, per year -22.8%-43.1%+26.0% +23.1%
5 years -77.2%-82.8%-50.0% +68.6%
5 years, per year -25.6%-29.7%-13.0% +11.0%
10 years -42.2%—0.0% +258.0%
10 years, per year -5.3%—0.0% +13.6%

Risk

MeasureCSIQARRYHYSRSPY
Volatility, 1Y 92.2%78.8%141.9% 12.7%
Downside volatility, 1Y 99.4%88.4%620.4% 12.7%
Beta vs S&P 500, 1Y 2.643.101.52 1.00
Return / volatility, 1Y -0.44-0.82-0.23 1.02
Max drawdown, 5Y -85.6%-88.4%-88.9% -25.4%
From 52-week high -73.6%-73.7%-50.0% -1.8%
52-week high $33.58$11.96$0.04 $779.14
52-week low $8.85$3.15$0.02 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCSIQARRYHYSR
P/E now vs peer median -2.5xmedian 21.4x -3.3xmedian 21.4x -16.9xmedian 21.4x
P/S now vs peer median 0.1xmedian 3.4x 0.4xmedian 3.4x 91,987xmedian 3.4x
EV/EBITDA now vs peer median —median 9.0x -722.2xmedian 9.0x -11.0xmedian 9.0x
P/FCF now vs peer median 1.9xmedian 12.0x 3.6xmedian 12.0x -22.7xmedian 12.0x
P/B now vs peer median 0.2xmedian 1.3x -2.4xmedian 1.3x 3.6xmedian 1.3x
PEG now vs peer median 0.07median 0.53 0.06median 0.53 0.17median 0.53

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCSIQARRYHYSR
Revenue $4.99B $1.19B $1.25K
Gross profit $820.00M $287.61M –
Operating income -$27.67M -$60.78M -$7.52M
Net income -$251.16M -$85.90M -$6.53M
Free cash flow $311.68M $134.73M -$5.07M
R&D $83.20M – $4.33M
EPS (diluted) $-3.60 $-0.95 $0.00
Cash & equivalents $1.46B $307.30M $12.13M
Total debt $24.65B $657.75M –
Shares (diluted) 67.37M 155.69M 5.53B
Enterprise value -$4.27B -$488.78M -$19.64M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCSIQARRYHYSR
P/E -2.5x -3.3x -16.9x
P/FCF 1.9x 3.6x -22.7x
P/Operating cash flow -1.1x 3.0x -22.7x
P/S 0.1x 0.4x 91,987x
P/B 0.2x -2.4x 3.6x
P/Tangible book 0.2x -1.2x 3.6x
EV/EBITDA – -722.2x -11.0x
EV/EBIT -199.4x -13.7x -11.0x
EV/Revenue 1.1x 0.7x 66,339x
EV/FCF 17.7x 6.2x -16.4x
EV/Operating cash flow -9.7x 5.1x -16.4x
PEG (3Y EPS CAGR) 0.07 0.06 0.17

Growth

14 metrics
MetricCSIQARRYHYSR
Revenue growth (1Y) -15.7% 1.2% –
Revenue CAGR (3Y) -14.4% -13.0% –
Gross profit growth (1Y) -26.1% -12.9% –
Gross profit CAGR (3Y) -17.7% -10.2% –
Operating income growth (1Y) 48.9% 69.8% -29.3%
Operating income CAGR (3Y) -27.0% -32.8% 6.7%
Net income growth (1Y) -44.9% 58.8% 20.6%
Net income CAGR (3Y) -35.7% -38.6% -105.7%
EPS growth (1Y) -9.9% 45.3% 23.7%
EPS CAGR (3Y) -36.0% -55.9% -98.1%
Operating cash flow growth (1Y) -135.9% 22.2% -38.9%
Operating cash flow CAGR (3Y) -39.4% -15.4% -5.9%
Free cash flow growth (1Y) -51.2% 22.2% -38.9%
Free cash flow CAGR (3Y) -43.3% -18.9% -5.6%

Profitability

14 metrics
MetricCSIQARRYHYSR
Gross margin 16.4% 24.3% –
EBITDA margin – -0.1% -600,651%
Operating margin -0.6% -5.1% -601,652%
Pretax margin -3.7% -6.2% -502,370%
Net margin -4.9% -12.5% -522,522%
FCF margin 6.2% 11.4% -405,229%
Operating cash flow margin -11.4% 13.7% -405,229%
Return on equity -6.3% – -19.4%
Return on assets -1.6% -5.7% -18.8%
Return on invested capital -0.2% -13.4% –
Return on capital employed -0.3% -5.5% -23.1%
Asset turnover 0.3x 0.8x 0.0x
Cash conversion (OCF / net income) 2.3x -1.9x 0.8x
Stock comp / revenue – 1.5% 93,359%

Financial Health

11 metrics
MetricCSIQARRYHYSR
Debt / assets 39.6% 42.9% –
Debt / equity 1.6x -3.3x –
Net debt / EBITDA – -302.9x –
Debt / FCF 20.5x 4.9x –
Liabilities / assets 75.6% 113.2% 3.6%
Equity / assets 24.4% -13.2% 96.4%
Interest coverage -0.1x -2.8x –
Current ratio 1.0x 2.2x 37.9x
Quick ratio 0.4x 1.8x 37.6x
Cash ratio 0.2x 0.8x 37.2x
Altman Z-score 0.47 0.83 54.19

Shareholder Returns

7 metrics
MetricCSIQARRYHYSR
Dividend yield – – –
Net buyback yield – – -0.1%
Shareholder yield – – -0.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCSIQARRYHYSR
Forward P/E – 4.0xFY2026 –
EPS, next fiscal year $-2.62FY2026 $0.79FY2026 –
EPS growth, next FY – +17.9%FY2026 –
EPS growth, the year after – +7.6% –
Revenue, next fiscal year $5.88BFY2026 $1.41BFY2026 –
Revenue growth, next FY +5.0%FY2026 +9.8%FY2026 –
Revenue growth, the year after +21.9% +18.4% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCSIQARRYHYSR
Held by institutions 60.5% 100.0% –
Institutions holding 156 259 –
Change in shares held, QoQ +23.0% +7.3% –
Institutions buying 98 134 –
Institutions selling 32 80 –
Buyers to sellers 3.06 1.68 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CSIQARRYHYSR
CSIQ 1.00 0.43 0.12
ARRY 0.43 1.00 0.03
HYSR 0.12 0.03 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CSIQ, ARRY and HYSR?

Canadian Solar (CSIQ) is the largest by market capitalisation: Canadian Solar (CSIQ) $600.12M, Array Technologies (ARRY) $485.12M, Sunhydrogen (HYSR) $114.98M.

Which company is growing faster?

Array Technologies (ARRY) grew revenue fastest over the trailing twelve months: Canadian Solar (CSIQ) -15.7%, Array Technologies (ARRY) +1.2%.

Which company is more profitable?

Canadian Solar (CSIQ) has the highest net margin (Canadian Solar (CSIQ) -4.9%, Array Technologies (ARRY) -12.5%, Sunhydrogen (HYSR) -522,521.9%). On return on invested capital, Canadian Solar (CSIQ) leads (Canadian Solar (CSIQ) -0.2%, Array Technologies (ARRY) -13.4%).

Which stock has performed better?

Over the past year Sunhydrogen (HYSR) returned the most: Canadian Solar (CSIQ) -41.0%, Array Technologies (ARRY) -64.8%, Sunhydrogen (HYSR) -33.3%. Over five years, Sunhydrogen (HYSR) compounded fastest (Canadian Solar (CSIQ) -25.6%/yr, Array Technologies (ARRY) -29.7%/yr, Sunhydrogen (HYSR) -13.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Array Technologies (ARRY) has been the steadiest (Canadian Solar (CSIQ) 92.2%, Array Technologies (ARRY) 78.8%, Sunhydrogen (HYSR) 141.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CSIQ, ARRY and HYSR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Canadian Solar (CSIQ) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.