Canadian Solar Stock Price, News & Analysis

Canadian Solar (NASDAQ:CSIQ) reported Q2 2025 results with mixed performance. The company delivered 7.9 GW of solar module shipments, up 14% quarter-over-quarter, achieving the higher end of guidance. Revenue reached $1.7 billion, up 42% sequentially and 4% year-over-year, while gross margin exceeded expectations at 29.8%.

Net income was $7 million, or a loss of $0.08 per diluted share, impacted by non-recurring operating expenses and impairments. The company maintained a strong cash position of $2.3 billion with operating cash inflow of $189 million. Total project pipeline includes 27.3 GWp of solar projects and 80.2 GWh of battery storage projects.

For Q3 2025, CSIQ expects revenue of $1.3-1.5 billion with gross margin of 14-16%. Full-year 2025 guidance projects module shipments of 25-27 GW and total revenue of $5.6-6.3 billion.

Canadian Solar (NASDAQ: CSIQ) has scheduled its second quarter 2025 earnings conference call for August 21, 2025, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Hong Kong time). The company will discuss Q2 2025 results and provide a business outlook during the call.

Investors can access the live audio call through various dial-in numbers, including toll-free options for U.S., Hong Kong, and Mainland China participants. A live webcast will be available on Canadian Solar's investor relations website. A replay of the call will be accessible until September 4, 2025, through both phone dial-in and webcast options.

Canadian Solar (NASDAQ: CSIQ) subsidiary Recurrent Energy has secured $260 million in project financing and tax equity from U.S. Bank for its Blue Moon Solar project in Harrison County, Kentucky. The 94 MW solar facility, currently under construction, is expected to begin commercial operations in 2026.

The project features a power purchase agreement with Constellation, who will purchase both power and renewable energy certificates. This marks Recurrent Energy's first project in Kentucky, expected to create hundreds of construction jobs and generate significant local tax revenue. The company will maintain ownership and operation of the facility after completion.

As of March 2025, Recurrent Energy has developed approximately 12 GWp of solar projects and 6 GWh of energy storage projects globally, with a pipeline of 25 GWp solar and 69 GWh storage capacity, excluding China.

Canadian Solar (NASDAQ: CSIQ) announced that its residential energy storage system, EP Cube, has won the prestigious Red Dot Award 2025, placing it among the top 1.5% of over 10,000 entries from 60+ countries. The product, designed by subsidiary Eternalplanet, has also received the iF Design Award and MUSE Design Award Gold.

EP Cube features a modular stacking design with flexible capacity expansion from 5 kWh to 40 kWh, an ultra-slim profile for easy installation, and three-phase output capability with maximum AC output of 12 kVa. The system is compatible with both existing and new PV systems, supporting various household energy needs.

Canadian Solar's (NASDAQ: CSIQ) subsidiary Recurrent Energy has successfully commissioned the 1,200 MWh Papago Storage facility in Maricopa County, Arizona. This facility, now operational, represents the first of three projects with Arizona Public Service (APS) featuring tolling agreements.

The combined projects will deliver 1,800 MWh of battery storage and 150 MWac of solar generation, capable of powering the equivalent of 72,000 homes for four hours and providing solar power to approximately 24,000 homes annually. The project's completion is strategically timed to support peak summer electricity demand in Arizona.

Canadian Solar's e-STORAGE subsidiary served as the turnkey EPC provider and will continue supporting the facility through a long-term service agreement. The project contributes to local community development through tax revenues and direct support to the Harquahala Fire District and Arlington Elementary School.

Canadian Solar (NASDAQ: CSIQ) held its 2025 Annual Meeting of Shareholders on June 20, 2025, where shareholders approved two key proposals. The first proposal confirmed the election of seven directors: Shawn Qu, Yan Zhuang, Harry E. Ruda, Andrew Wong, Lauren C. Templeton, Leslie Chang, and Yuan Yuan Zhang Qu. These directors will serve until the next annual meeting or until their successors are appointed. The second proposal approved the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the company's auditors, with authorization for directors to determine their compensation.

Canadian Solar's subsidiary e-STORAGE announced successful completion of Large-Scale Fire Testing (LSFT) for its SolBank 3.0 energy storage system. The test, conducted under CSA C-800:25 §9.7 protocol and witnessed by CSA Group and ESRG, demonstrated the system's ability to contain thermal events within a single enclosure without fire propagation to adjacent units. The successful test validates SolBank 3.0's passive fire containment design and compliance with NFPA 855 safety objectives. All structural elements remained intact throughout testing, providing enhanced safety assurance for utility-scale deployments. This achievement reinforces e-STORAGE's position as a leader in safe, scalable energy storage solutions.

Canadian Solar (NASDAQ: CSIQ) has released its 2024 Sustainability Report, showcasing significant environmental and operational achievements. The company reported substantial reductions in environmental impact compared to 2017 levels, including 54% lower GHG emissions, 37% reduced energy intensity, 75% decreased water usage, and 53% lower waste intensity. Waste recycling and reuse increased to 94% in 2024 from 88% in 2023.

The company earned a Silver-level recognition from the Responsible Business Alliance (RBA) for its Suqian solar cell factory and improved its sustainability ratings, including an ISS ESG rating upgrade to B+ and a CDP climate change score advancement to B. Canadian Solar maintained its EcoVadis Silver rating while improving to the industry's top 4% in 2025.

The report aligns with global standards including SASB, GRI, and IFRS, demonstrating enhanced transparency in GHG emissions reporting and setting new environmental targets for its battery energy storage business.

Canadian Solar (NASDAQ: CSIQ) reported Q1 2025 financial results with module shipments of 6.9 GW, up 9.4% year-over-year, exceeding guidance of 6.4-6.7 GW. The company posted revenues of $1.2 billion and a gross margin of 11.7%, both at the high end of guidance. However, the company reported a net loss of $34 million ($0.69 per share) due to lower storage contribution and trade-related duties. Key operational highlights include expansion of e-STORAGE pipeline to 91 GWh with $3.2 billion in contracted backlog, and Recurrent Energy securing a $415 million credit facility. The company's solar project pipeline reached 27 GWp, while the battery storage pipeline grew to 76 GWh. For Q2 2025, Canadian Solar expects revenue between $1.9-2.1 billion with gross margin of 23-25%, and full-year 2025 module shipments of 25-30 GW.