CSIQ vs RNW vs SEDG Stock Comparison

Canadian Solar, ReNew Energy Global and Solaredge Technologies Prices as of Oct 28, 2026 Peers: Industry group
CSIQ Canadian Solar Inc.
$9.59 -8.0% 1M -36.7% 1Y
Market cap
$650.30M
P/E
–
Revenue (TTM)
$4.99B
Div. yield
–
Solar Equipment Industrials
RNW ReNew Energy Global plc
$6.87 +0.4% 1M -11.5% 1Y
Market cap
$5.01B
P/E
20.5x
Revenue (TTM)
$1.50B
Div. yield
–
Renewable Power Producers Utilities
7 wins

Head to Head

8 decided of 12

ReNew Energy Global leads on 7 of the 12 questions below (ReNew Energy Global 7, Solaredge Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCSIQRNWSEDGLeader
Larger companyMarket capitalisation $650.30M $5.01B $1.81B RNW
Cheaper on earningsLower P/E, profitable companies only -2.7x 20.5x -6.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 27.5x — –
Faster revenue growthRevenue growth, trailing twelve months -15.7% +12.6% +27.4% SEDG
More profitableNet margin, trailing twelve months -4.9% 8.1% -20.4% RNW
Better return on capitalReturn on invested capital -0.2% 2.3% — RNW
Less leveragedLower net debt / EBITDA — -0.2x — –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -36.7% -11.5% -22.1% RNW
Better 5-year returnAnnualised price return, 5 years -25.4%/yr -7.1%/yr -39.2%/yr RNW
Less volatileAnnualised volatility, 1 year 92.4% 43.3% 98.5% RNW
Higher overall scoreMean of the five percentile scores vs peers 46/100 68/100 57/100 RNW

Percentile Scorecard

CSIQRNWSEDG

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

AxisCSIQRNWSEDG
Valuation 87 #9 of 61 91 #3 of 24 72 #18 of 61
Growth 12 #51 of 58 82 #5 of 23 65 #21 of 58
Profitability 63 #21 of 55 91 #3 of 23 57 #24 of 55
Financial Health 21 #56 of 71 44 #14 of 24 31 #49 of 71
Shareholder Returns – 33 #13 of 19 61 #12 of 29
Overall 46 68 57
  • CSIQ ranked among 71 companies in Clean Energy Equipment
  • RNW ranked among 24 companies in Power Generation
  • SEDG ranked among 71 companies in Clean Energy Equipment

Price Performance

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

Returns

PeriodCSIQRNWSEDGSPY
1 month -8.0%+0.4%-6.5% +0.9%
3 months -30.1%+14.7%-24.5% +5.9%
6 months -34.9%+35.5%-29.1% +8.5%
Year to date -59.7%+21.6%+2.2% +13.3%
1 year -36.7%-11.5%-22.1% +12.4%
3 years -50.1%+25.8%-61.7% +88.1%
3 years, per year -20.7%+8.0%-27.4% +23.5%
5 years -76.9%-31.0%-91.7% +68.2%
5 years, per year -25.4%-7.1%-39.2% +11.0%
10 years -35.0%—+121.8% +263.4%
10 years, per year -4.2%—+8.3% +13.8%

Risk

MeasureCSIQRNWSEDGSPY
Volatility, 1Y 92.4%43.3%98.5% 12.7%
Downside volatility, 1Y 99.3%56.8%97.2% 12.7%
Beta vs S&P 500, 1Y 2.660.722.51 1.00
Return / volatility, 1Y -0.40-0.26-0.22 0.98
Max drawdown, 5Y -85.6%-58.7%-97.2% -25.4%
From 52-week high -71.4%-11.5%-62.4% -0.9%
52-week high $33.58$7.76$78.51 $779.14
52-week low $8.85$4.50$28.47 $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.

MultipleCSIQRNWSEDG
P/E now vs peer median -2.7xmedian 29.4x 20.5xmedian 24.9x -6.8xmedian 29.4x
P/S now vs peer median 0.1xmedian 2.6x 3.3xmedian 2.7x 1.4xmedian 2.6x
EV/EBITDA now vs peer median —median 18.4x 10.7xmedian 11.6x -6.4xmedian 18.4x
P/FCF now vs peer median 2.1xmedian 24.4x 4.9xmedian 13.8x 29.1xmedian 24.4x
P/B now vs peer median 0.2xmedian 1.8x 3.1xmedian 2.1x 4.4xmedian 1.8x
PEG now vs peer median 0.07median 1.07 0.04median 0.61 0.16median 1.07

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 monthsCSIQRNWSEDG
Revenue $4.99B $1.50B $1.29B
Gross profit $820.00M – $267.71M
Operating income -$27.67M $158.00M -$221.73M
Net income -$251.16M $122.00M -$270.30M
Free cash flow $311.68M $1.01B $62.37M
R&D $83.20M – $210.44M
EPS (diluted) $-3.60 $11.29 $-4.31
Cash & equivalents $1.46B $233.00M $527.26M
Total debt $24.65B $240.00M –
Shares (diluted) 67.37M 10.81M 61.05M
Enterprise value -$4.22B $3.42B -$266.34M

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
MetricCSIQRNWSEDG
P/E -2.7x 20.5x -6.8x
P/FCF 2.1x 4.9x 29.1x
P/Operating cash flow -1.1x 4.9x 15.9x
P/S 0.1x 3.3x 1.4x
P/B 0.2x 3.1x 4.4x
P/Tangible book 0.2x 3.1x 4.5x
EV/EBITDA – 10.7x -6.4x
EV/EBIT -201.2x 31.2x -5.7x
EV/Revenue 1.1x 3.3x 1.0x
EV/FCF 17.9x 4.9x 20.3x
EV/Operating cash flow -9.8x 4.9x 11.1x
PEG (3Y EPS CAGR) 0.07 0.04 0.16

Growth

14 metrics
MetricCSIQRNWSEDG
Revenue growth (1Y) -15.7% 12.6% 27.4%
Revenue CAGR (3Y) -14.4% 16.7% -28.4%
Gross profit growth (1Y) -26.1% – 138.8%
Gross profit CAGR (3Y) -17.7% – -36.0%
Operating income growth (1Y) 48.9% -12.0% 85.1%
Operating income CAGR (3Y) -27.0% 31.4% -36.3%
Net income growth (1Y) -44.9% 9.9% 84.5%
Net income CAGR (3Y) -35.7% 85.2% -34.2%
EPS growth (1Y) -9.9% 9.9% 85.7%
EPS CAGR (3Y) -36.0% 512.3% -41.6%
Operating cash flow growth (1Y) -135.9% 20.9% 547.3%
Operating cash flow CAGR (3Y) -39.4% 6.1% 46.8%
Free cash flow growth (1Y) -51.2% 20.9% 161.0%
Free cash flow CAGR (3Y) -43.3% 6.1% 34.6%

Profitability

14 metrics
MetricCSIQRNWSEDG
Gross margin 16.4% – 20.8%
EBITDA margin – 30.9% -15.4%
Operating margin -0.6% 10.5% -17.2%
Pretax margin -3.7% 10.3% -19.5%
Net margin -4.9% 8.1% -20.4%
FCF margin 6.2% 67.6% 4.8%
Operating cash flow margin -11.4% 67.6% 8.9%
Return on equity -6.3% 7.7% -63.7%
Return on assets -1.6% 1.1% -11.5%
Return on invested capital -0.2% 2.3% –
Return on capital employed -0.3% 2.0% -16.3%
Asset turnover 0.3x 0.1x 0.6x
Cash conversion (OCF / net income) 2.3x 8.3x -0.4x
Stock comp / revenue – – 6.3%

Financial Health

11 metrics
MetricCSIQRNWSEDG
Debt / assets 39.6% 2.1% –
Debt / equity 1.6x 0.1x –
Net debt / EBITDA – -0.2x –
Debt / FCF 20.5x 0.2x –
Liabilities / assets 75.6% 85.8% 82.1%
Equity / assets 24.4% 14.2% 17.9%
Interest coverage -0.1x – -12.5x
Current ratio 1.0x 0.4x 2.0x
Quick ratio 0.4x 0.1x 0.9x
Cash ratio 0.2x 0.1x 0.6x
Altman Z-score 0.47 0.22 0.39

Shareholder Returns

7 metrics
MetricCSIQRNWSEDG
Dividend yield – – –
Net buyback yield – -3.2% -0.2%
Shareholder yield – -3.2% -0.2%
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.

ConsensusCSIQRNWSEDG
Forward P/E – 27.5xFY2026 –
EPS, next fiscal year $-2.62FY2026 $0.25FY2026 $-0.37FY2026
EPS growth, next FY – -21.9%FY2026 –
EPS growth, the year after – +96.0% –
Revenue, next fiscal year $5.88BFY2026 $1.80BFY2026 $1.38BFY2026
Revenue growth, next FY +5.0%FY2026 +11.8%FY2026 +16.8%FY2026
Revenue growth, the year after +21.9% -2.4% +6.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCSIQRNWSEDG
Held by institutions 60.5% 40.7% 95.3%
Institutions holding 156 144 344
Change in shares held, QoQ +23.0% +0.9% -4.6%
Institutions buying 98 104 179
Institutions selling 32 28 110
Buyers to sellers 3.06 3.71 1.63

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.

CSIQRNWSEDG
CSIQ 1.00 0.12 0.39
RNW 0.12 1.00 0.16
SEDG 0.39 0.16 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CSIQ, RNW and SEDG?

ReNew Energy Global (RNW) is the largest by market capitalisation: Canadian Solar (CSIQ) $650.30M, ReNew Energy Global (RNW) $5.01B, Solaredge Technologies (SEDG) $1.81B.

Which company is growing faster?

Solaredge Technologies (SEDG) grew revenue fastest over the trailing twelve months: Canadian Solar (CSIQ) -15.7%, ReNew Energy Global (RNW) +12.6%, Solaredge Technologies (SEDG) +27.4%.

Which company is more profitable?

ReNew Energy Global (RNW) has the highest net margin (Canadian Solar (CSIQ) -4.9%, ReNew Energy Global (RNW) 8.1%, Solaredge Technologies (SEDG) -20.4%). On return on invested capital, ReNew Energy Global (RNW) leads (Canadian Solar (CSIQ) -0.2%, ReNew Energy Global (RNW) 2.3%).

Which stock has performed better?

Over the past year ReNew Energy Global (RNW) returned the most: Canadian Solar (CSIQ) -36.7%, ReNew Energy Global (RNW) -11.5%, Solaredge Technologies (SEDG) -22.1%. Over five years, ReNew Energy Global (RNW) compounded fastest (Canadian Solar (CSIQ) -25.4%/yr, ReNew Energy Global (RNW) -7.1%/yr, Solaredge Technologies (SEDG) -39.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, ReNew Energy Global (RNW) has been the steadiest (Canadian Solar (CSIQ) 92.4%, ReNew Energy Global (RNW) 43.3%, Solaredge Technologies (SEDG) 98.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CSIQ, RNW and SEDG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, ReNew Energy Global (RNW) leads on 7. 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.