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PN vs DQ vs RUN vs CSIQ vs FSLR
Revenue, margins, valuation, and 5-year total return — side by side.
Semiconductors
Solar
Solar
Solar
PN vs DQ vs RUN vs CSIQ vs FSLR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Solar | Semiconductors | Solar | Solar | Solar |
| Market Cap | $10M | $1.24B | $3.24B | $1.18B | $23.06B |
| Revenue (TTM) | $63M | $569M | $3.17B | $5.60B | $5.42B |
| Net Income (TTM) | $-3M | $-187M | $568M | $-104M | $1.67B |
| Gross Margin | 10.0% | -34.4% | 23.5% | 18.3% | 41.7% |
| Operating Margin | -4.0% | -54.4% | -1.8% | 0.1% | 33.0% |
| Forward P/E | — | — | 22.8x | — | 12.0x |
| Total Debt | $6M | $0.00 | $14.89B | $7.68B | $499M |
| Cash & Equiv. | $9M | $980M | $1.24B | $1.91B | $2.80B |
PN vs DQ vs RUN vs CSIQ vs FSLR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Mar 25 | May 26 | Return |
|---|---|---|---|
| Skycorp Solar Group… (PN) | 100 | 11.1 | -88.9% |
| Daqo New Energy Cor… (DQ) | 100 | 101.4 | +1.4% |
| Sunrun Inc. (RUN) | 100 | 235.5 | +135.5% |
| Canadian Solar Inc. (CSIQ) | 100 | 204.4 | +104.4% |
| First Solar, Inc. (FSLR) | 100 | 169.7 | +69.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PN vs DQ vs RUN vs CSIQ vs FSLR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
PN is the #2 pick in this set and the best alternative if stability is your priority.
- Beta 0.34 vs RUN's 2.89, lower leverage
Among these 5 stocks, DQ doesn't own a clear edge in any measured category.
RUN ranks third and is worth considering specifically for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 2.89
- Rev growth 45.1%, EPS growth 113.3%, 3Y rev CAGR 8.4%
- 45.1% revenue growth vs DQ's -35.3%
CSIQ is the clearest fit if your priority is momentum.
- +97.1% vs PN's -84.5%
FSLR carries the broadest edge in this set and is the clearest fit for long-term compounding and sleep-well-at-night.
- 324.1% 10Y total return vs DQ's 271.0%
- Lower volatility, beta 1.39, Low D/E 5.2%, current ratio 2.67x
- Beta 1.39, current ratio 2.67x
- Better valuation composite
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 45.1% revenue growth vs DQ's -35.3% | |
| Value | Better valuation composite | |
| Quality / Margins | 30.7% margin vs DQ's -32.9% | |
| Stability / Safety | Beta 0.34 vs RUN's 2.89, lower leverage | |
| Dividends | Tie | None of these 5 stocks pay a meaningful dividend |
| Momentum (1Y) | +97.1% vs PN's -84.5% | |
| Efficiency (ROA) | 12.6% ROA vs PN's -7.0%, ROIC 17.6% vs -10.8% |
PN vs DQ vs RUN vs CSIQ vs FSLR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
PN vs DQ vs RUN vs CSIQ vs FSLR — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
FSLR leads in 3 of 6 categories
RUN leads 1 • PN leads 0 • DQ leads 0 • CSIQ leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
FSLR leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CSIQ is the larger business by revenue, generating $5.6B annually — 88.4x PN's $63M. FSLR is the more profitable business, keeping 30.7% of every revenue dollar as net income compared to DQ's -32.9%. On growth, RUN holds the edge at +43.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $63M | $569M | $3.2B | $5.6B | $5.4B |
| EBITDAEarnings before interest/tax | — | -$128M | $541M | $284M | $2.2B |
| Net IncomeAfter-tax profit | — | -$187M | $568M | -$104M | $1.7B |
| Free Cash FlowCash after capex | — | -$203M | -$326M | -$1.7B | $1.7B |
| Gross MarginGross profit ÷ Revenue | +10.0% | -34.4% | +23.5% | +18.3% | +41.7% |
| Operating MarginEBIT ÷ Revenue | -4.0% | -54.4% | -1.8% | +0.1% | +33.0% |
| Net MarginNet income ÷ Revenue | -4.3% | -32.9% | +17.9% | -1.9% | +30.7% |
| FCF MarginFCF ÷ Revenue | +3.7% | -35.8% | -10.3% | -29.6% | +30.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | -78.4% | +43.2% | -20.0% | +23.6% |
| EPS Growth (YoY)Latest quarter vs prior year | — | -19.3% | +2.1% | -3.7% | +65.1% |
Valuation Metrics
Evenly matched — PN and FSLR each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 8.1x trailing earnings, RUN trades at a 47% valuation discount to FSLR's 15.1x P/E. On an enterprise value basis, FSLR's 9.4x EV/EBITDA is more attractive than RUN's 24.3x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $10M | $1.2B | $3.2B | $1.2B | $23.1B |
| Enterprise ValueMkt cap + debt − cash | $7M | $262M | $16.9B | $7.0B | $20.8B |
| Trailing P/EPrice ÷ TTM EPS | -3.50x | -7.20x | 8.07x | -11.41x | 15.10x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | 22.75x | — | 12.04x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | 0.49x |
| EV / EBITDAEnterprise value multiple | — | — | 24.31x | — | 9.38x |
| Price / SalesMarket cap ÷ Revenue | 0.16x | 1.87x | 1.09x | 0.21x | 4.42x |
| Price / BookPrice ÷ Book value/share | 0.43x | 0.21x | 0.75x | 0.28x | 2.42x |
| Price / FCFMarket cap ÷ FCF | 4.28x | — | — | — | 19.42x |
Profitability & Efficiency
FSLR leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
FSLR delivers a 18.0% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $-13 for PN. FSLR carries lower financial leverage with a 0.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to RUN's 2.99x. On the Piotroski fundamental quality scale (0–9), FSLR scores 7/9 vs CSIQ's 1/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -13.1% | -3.2% | +12.4% | -2.5% | +18.0% |
| ROA (TTM)Return on assets | -7.0% | -2.9% | +2.5% | -0.7% | +12.6% |
| ROICReturn on invested capital | -10.8% | -4.1% | -0.5% | -0.2% | +17.6% |
| ROCEReturn on capital employed | -11.9% | -4.6% | -0.6% | -0.3% | +15.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 | 6 | 1 | 7 |
| Debt / EquityFinancial leverage | 0.26x | — | 2.99x | 1.80x | 0.05x |
| Net DebtTotal debt minus cash | -$4M | -$980M | $13.6B | $5.8B | -$2.3B |
| Cash & Equiv.Liquid assets | $9M | $980M | $1.2B | $1.9B | $2.8B |
| Total DebtShort + long-term debt | $6M | $0 | $14.9B | $7.7B | $499M |
| Interest CoverageEBIT ÷ Interest expense | -9.47x | — | -0.02x | 0.02x | 53.51x |
Total Returns (Dividends Reinvested)
FSLR leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FSLR five years ago would be worth $28,755 today (with dividends reinvested), compared to $957 for PN. Over the past 12 months, CSIQ leads with a +97.1% total return vs PN's -84.5%. The 3-year compound annual growth rate (CAGR) favors FSLR at 6.5% vs PN's -54.3% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -46.8% | -38.1% | -29.0% | -30.4% | -21.8% |
| 1-Year ReturnPast 12 months | -84.5% | +41.3% | +86.7% | +97.1% | +65.3% |
| 3-Year ReturnCumulative with dividends | -90.4% | -58.1% | -19.7% | -52.3% | +20.9% |
| 5-Year ReturnCumulative with dividends | -90.4% | -75.4% | -69.8% | -55.4% | +187.6% |
| 10-Year ReturnCumulative with dividends | -90.4% | +271.0% | +86.7% | +14.4% | +324.1% |
| CAGR (3Y)Annualised 3-year return | -54.3% | -25.2% | -7.1% | -21.9% | +6.5% |
Risk & Volatility
Evenly matched — PN and FSLR each lead in 1 of 2 comparable metrics.
Risk & Volatility
PN is the less volatile stock with a 0.34 beta — it tends to amplify market swings less than RUN's 2.89 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FSLR currently trades 75.0% from its 52-week high vs PN's 8.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.34x | 1.80x | 2.89x | 2.23x | 1.39x |
| 52-Week HighHighest price in past year | $87.40 | $36.59 | $22.44 | $34.59 | $285.99 |
| 52-Week LowLowest price in past year | $0.46 | $12.72 | $5.38 | $8.84 | $125.80 |
| % of 52W HighCurrent price vs 52-week peak | +8.8% | +50.2% | +61.5% | +51.1% | +75.0% |
| RSI (14)Momentum oscillator 0–100 | 64.7 | 39.1 | 49.0 | 62.4 | 64.3 |
| Avg Volume (50D)Average daily shares traded | 2.0M | 719K | 10.4M | 2.5M | 2.1M |
Analyst Outlook
RUN leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: DQ as "Hold", RUN as "Buy", CSIQ as "Buy", FSLR as "Buy". Consensus price targets imply 63.3% upside for CSIQ (target: $29) vs 1.1% for DQ (target: $19).
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $18.56 | $18.14 | $28.88 | $264.13 |
| # AnalystsCovering analysts | — | 13 | 36 | 33 | 73 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | 1 | 0 | — |
| Dividend / ShareAnnual DPS | — | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | +5.9% | +0.1% |
FSLR leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). RUN leads in 1 (Analyst Outlook). 2 tied.
PN vs DQ vs RUN vs CSIQ vs FSLR: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is PN or DQ or RUN or CSIQ or FSLR a better buy right now?
For growth investors, Sunrun Inc.
(RUN) is the stronger pick with 45. 1% revenue growth year-over-year, versus -35. 3% for Daqo New Energy Corp. (DQ). Sunrun Inc. (RUN) offers the better valuation at 8. 1x trailing P/E (22. 8x forward), making it the more compelling value choice. Analysts rate Sunrun Inc. (RUN) a "Buy" — based on 36 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PN or DQ or RUN or CSIQ or FSLR?
On trailing P/E, Sunrun Inc.
(RUN) is the cheapest at 8. 1x versus First Solar, Inc. at 15. 1x. On forward P/E, First Solar, Inc. is actually cheaper at 12. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — PN or DQ or RUN or CSIQ or FSLR?
Over the past 5 years, First Solar, Inc.
(FSLR) delivered a total return of +187. 6%, compared to -90. 4% for Skycorp Solar Group Limited (PN). Over 10 years, the gap is even starker: FSLR returned +324. 1% versus PN's -90. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PN or DQ or RUN or CSIQ or FSLR?
By beta (market sensitivity over 5 years), Skycorp Solar Group Limited (PN) is the lower-risk stock at 0.
34β versus Sunrun Inc. 's 2. 89β — meaning RUN is approximately 749% more volatile than PN relative to the S&P 500. On balance sheet safety, First Solar, Inc. (FSLR) carries a lower debt/equity ratio of 5% versus 3% for Sunrun Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — PN or DQ or RUN or CSIQ or FSLR?
By revenue growth (latest reported year), Sunrun Inc.
(RUN) is pulling ahead at 45. 1% versus -35. 3% for Daqo New Energy Corp. (DQ). On earnings-per-share growth, the picture is similar: Sunrun Inc. grew EPS 113. 3% year-over-year, compared to -747. 1% for Skycorp Solar Group Limited. Over a 3-year CAGR, FSLR leads at 25. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PN or DQ or RUN or CSIQ or FSLR?
First Solar, Inc.
(FSLR) is the more profitable company, earning 29. 3% net margin versus -25. 6% for Daqo New Energy Corp. — meaning it keeps 29. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FSLR leads at 32. 3% versus -40. 6% for DQ. At the gross margin level — before operating expenses — FSLR leads at 40. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PN or DQ or RUN or CSIQ or FSLR more undervalued right now?
On forward earnings alone, First Solar, Inc.
(FSLR) trades at 12. 0x forward P/E versus 22. 8x for Sunrun Inc. — 10. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CSIQ: 63. 3% to $28. 88.
08Which pays a better dividend — PN or DQ or RUN or CSIQ or FSLR?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is PN or DQ or RUN or CSIQ or FSLR better for a retirement portfolio?
For long-horizon retirement investors, Skycorp Solar Group Limited (PN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
34)). Canadian Solar Inc. (CSIQ) carries a higher beta of 2. 23 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (PN: -90. 4%, CSIQ: +14. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PN and DQ and RUN and CSIQ and FSLR?
These companies operate in different sectors (PN (Energy) and DQ (Technology) and RUN (Energy) and CSIQ (Energy) and FSLR (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: PN is a small-cap high-growth stock; DQ is a small-cap quality compounder stock; RUN is a small-cap high-growth stock; CSIQ is a small-cap quality compounder stock; FSLR is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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