Canadian Solar Reports Third Quarter 2024 Results
Canadian Solar Inc. - Common Shares (CSIQ)
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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investors.canadiansolar.com
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Source: PR Newswire
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.Highlights16.4% gross margin, above guidance of 14% to 16%.Grew e-STORAGE contracted backlog to record $3.2 billion, as of November 30, 2024.Achieved final closing of BlackRock's $500 million investment in Recurrent Energy.Dr. Shawn Qu, Chairman and CEO, commented, "The solar industry faces significant external and internal challenges. While we have achieved relatively strong results, the outlook remains complex. We are currently operating at an optimal scale with industry-leading technologies, and we remain committed to investing in R&D to ensure that we remain at the forefront of innovation across our portfolio of products and solutions. Our early-mover advantage, advanced manufacturing capabilities, and robust international sales network position us for continued growth in the rapidly expa
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CSIQ
News
- Canadian Solar Inc. (NASDAQ: CSIQ) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Canadian Solar Inc. (NASDAQ: CSIQ) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "sell" rating. They now have a $11.00 price target on the stock, down previously from $14.00.MarketBeat
- Canadian Solar to Supply 315 MWh Battery Energy Storage in Texas [Yahoo! Finance]Yahoo! Finance
- Canadian Solar Inc. (NASDAQ: CSIQ) is now covered by analysts at Mizuho. They set an "outperform" rating and a $20.00 price target on the stock.MarketBeat
- Canadian Solar to Deliver 315 MWh DC of Battery Energy Storage Solutions and up to 2 GWp of Solar Modules to Sunraycer Projects in Texas [Yahoo! Finance]Yahoo! Finance
CSIQ
Earnings
- 12/5/24 - Beat
CSIQ
Sec Filings
- 12/16/24 - Form 144
- 12/5/24 - Form 6-K
- 11/13/24 - Form SC
- CSIQ's page on the SEC website