KITCHENER, ON , March 6, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of the Company's majority-owned subsidiary CSI Solar Co., Ltd. (CSI Solar), has secured Battery Supply Agreements and Long-Term Service Agreements (LTSA) for two major battery energy storage projects in the United States, developed by Aypa Power.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
The US solar industry should benefit from IRA-induced investments amid cost competition with China. You may keep ENPH, NXT & CSIQ in your portfolio.
Global solar installations are estimated to fall 0.4% from the year-earlier level to 492 gigawatts in 2025. Yet, you can keep FSLR, ENPH, NXT and CSIQ on the watchlist.
Canadian Solar faces near-term challenges from political risks, tariffs, and Chinese oversupply, impacting margins and cash flows until at least 2026. Despite short-term issues, long-term growth is driven by global electrification and AI-driven energy consumption, making the stock undervalued compared to its parts. Estimated fair value for CSIQ is $87.26, with significant potential from CSI Solar and Recurrent Energy's shift to a utility-like model.
CSIQ plans to deliver 315 MWh DC of battery storage solutions in Texas and sell up to 2 GWp of high-efficiency solar modules for various Sunraycer projects.
Canadian Solar Inc. CSIQ shares are trading lower after the company reported third-quarter 2024 results below street expectations.
Canadian Solar Inc. (NASDAQ:CSIQ ) Q3 2024 Earnings Conference Call December 5, 2024 8:00 AM ET Company Participants Shawn Qu - Chairman, President, Chief Executive Officer Yan Zhuang - President, CSI Solar Ismael Guerrero - President, Recurrent Energy Xinbo Zhu - Senior Vice President, Chief Financial Officer Thomas Koerner - Senior Vice President, Sales and Marketing Wina Huang - Head of Investor Relations Conference Call Participants Andre Adams - Oppenheimer Praneeth Satish - Wells Fargo Philip Shen - Roth Capital Vikram Bagri - Citi Operator Ladies and gentlemen, thank you for standing by. Welcome to Canadian Solar's third quarter 2024 earnings conference call.
Canadian Solar (CSIQ) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to earnings of $0.32 per share a year ago.
KITCHENER, ON , Dec. 5, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the third quarter ended September 30, 2024. Highlights 16.4% gross margin, above guidance of 14% to 16%.