Canadian SolarNASDAQ: CSIQ

The top solar stocks could be in for quite a bright future as they continue to supply various power producers with the equipment to meet the growing demand for sustainable energy. Undoubtedly, the artificial intelligence (AI) revolution and the rise of electric vehicles (EVs) stand out as two notable tailwinds that could bring forth more demand for solar power.

Canadian Solar's Q1 performance has been positive, with better-than-expected results. We believe the company is expected to benefit from increased energy consumption requirements due to AI technology and data center growth. CSIQ remains a buy recommendation thanks to CSI Solar's equity stake and a focus on profitability over volume.

Solar energy is likely to be an integral part of the energy grid in the future. However, solar stocks have not had the best performance over the past 12 months.

Renewable energy stocks might not be among the best performers in the recent past. However, there is no doubt that the sector will continue to grow beyond the current decade.

GUELPH, ON , June 21, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), today announced that it held its Annual Meeting of Shareholders on June 21, 2024. Each of the proposals submitted for shareholder approval was approved.

Papago Storage, the largest energy storage project in Arizona, holds a 20-year tolling agreement with Arizona Public Service Company. GUELPH, ON , June 20, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, today announced it has secured $513 million in project financing for its landmark Papago Storage project located in Maricopa County, Arizona.

GUELPH, ON , June 18, 2024 /PRNewswire/ -- Canadian Solar Inc . (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it will present the new three-phase EP Cube and EP Cube Twin Peak at Intersolar in Munich, Germany, on June 19-21, 2024.

Some of the best solar stocks to buy might not have performed well in the last 12 to 18 months. However, the industry will undoubtedly continue to grow at a steady pace beyond the current decade.

GUELPH, ON , June 13, 2024 /PRNewswire/ -- Canadian Solar Inc . (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has entered into an agreement with U.S. homebuilder D.R.