Canadian Solar Inc
NASDAQ:CSIQ
Canadian Solar Inc
Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules and provides solar energy solutions. The company is headquartered in Guelph, Ontario. The company went IPO on 2006-11-09. The firm is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. The firm's segments include CSI Solar segment and Global Energy segment. The firm designs, develops and manufactures solar ingots, wafers, cells, modules and solar power products. The CSI Solar segment primarily involves the design, development, manufacturing and sale of a range of solar power products, including solar modules, solar system kits, battery energy storage solutions, energy and other materials, components and services. Its Global Energy segment consists of global solar and energy storage power projects, operation and maintenance (O&M) and asset management services, electricity as well as other development services. Its products include a range of solar modules for use in residential, commercial and industrial solar power generation systems.
Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules and provides solar energy solutions. The company is headquartered in Guelph, Ontario. The company went IPO on 2006-11-09. The firm is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. The firm's segments include CSI Solar segment and Global Energy segment. The firm designs, develops and manufactures solar ingots, wafers, cells, modules and solar power products. The CSI Solar segment primarily involves the design, development, manufacturing and sale of a range of solar power products, including solar modules, solar system kits, battery energy storage solutions, energy and other materials, components and services. Its Global Energy segment consists of global solar and energy storage power projects, operation and maintenance (O&M) and asset management services, electricity as well as other development services. Its products include a range of solar modules for use in residential, commercial and industrial solar power generation systems.
Revenue: Q3 revenue reached $1.5 billion, hitting the high end of guidance.
Gross Margin: Gross margin was 17.2%, exceeding guidance, with a strong boost from energy storage.
Module & Storage Shipments: Shipped 5.1 GW of solar modules and a record 2.7 GWh of energy storage, both in line with expectations.
Profitability: Net income attributable to shareholders was $9 million, but a $0.07 per diluted share net loss was reported due to a preferred shareholder impact.
Guidance: Q4 revenue expected between $1.3–$1.5 billion and gross margin between 14–16%. 2026 guidance: 25–30 GW module shipments and 14–17 GWh storage shipments.
U.S. Investments: U.S. manufacturing ramp-up on track, with new factories in Indiana and Kentucky expected to begin production in 2026.
Project Sales: Recurrent Energy will increase project ownership sales in 2026 to accelerate cash recycling and manage debt.
