Canadian Solar Stock Price, News & Analysis

Canadian Solar (NASDAQ: CSIQ) will resume direct oversight of U.S. manufacturing by forming CS PowerTech, in which Canadian Solar will hold a 75.1% controlling stake to operate U.S.-based module, cell, and energy storage manufacturing and sales.

The company will acquire from CSI Solar approximately $50 million of supporting overseas facilities at fair market value, subject to a one-time value adjustment and required board and CSI Solar minority shareholder approvals. The initiative aims to reshore manufacturing, create thousands of American jobs, and leverage the company's $3.1 billion contracted backlog and global manufacturing experience.

Canadian Solar (NASDAQ: CSIQ) reported Q3 2025 results on Nov 13, 2025: net revenue $1.5B (high end of guidance) and gross margin 17.2% (above 14–16% guidance). e-STORAGE set a quarterly shipment record of 2.7 GWh and had a contracted backlog of $3.1B as of Oct 31, 2025. CSI Solar recognized 5.1 GW of module shipments (down 35% QoQ). GAAP net income attributable to shareholders was $9M (net loss $0.07 per diluted share); adjusted non-GAAP loss was $26M. Cash was $2.2B and total debt was $6.4B at Sept 30, 2025. Phase I U.S. factories expected to start production: solar cells in Indiana in Mar 2026 and lithium battery factory in Kentucky in Dec 2026.

Canadian Solar (NASDAQ: CSIQ) announced that e-STORAGE, part of majority-owned CSI Solar, signed a supply agreement for a 20.7 MW / 56 MWh battery energy storage project in Lower Saxony, Germany, including a 20-year LTSA for long-term maintenance and performance services.

e-STORAGE will deliver and commission an integrated BESS using its proprietary SolBank platform; shipments begin in March 2026 with commissioning targeted later in 2026. The project developer and EPC-M is Kyon Energy.

Canadian Solar (NASDAQ: CSIQ) announced that its e-STORAGE unit, part of majority-owned CSI Solar, will provide a fully integrated energy storage system and turnkey EPC services for the Skyview 2 project in Edwardsburgh Cardinal, Ontario.

Key facts:

• Capacity: 411 MW / 1,858 MWh
• Hardware: ~390 SolBank 3.0 units
• Shipments begin: February 2026
• Commercial operation targeted: Q2 2027
• Contract term: 21-year LTSA
• Developer: Potentia Renewables with Algonquins of Pikwàkanagàn First Nation

e-STORAGE will supply system integration, substation and balance-of-plant works and transmission interconnection (excluding high-voltage transformer and HV switchgear). The project builds on e-STORAGE's 8 GWh deployed in North America and is described as one of Canada’s largest battery storage projects upon completion.

Canadian Solar (NASDAQ: CSIQ) announced that e-STORAGE, part of majority-owned CSI Solar, has achieved commercial operation of the 220 MWh DC Mannum Battery Energy Storage Project in South Australia on Oct 29, 2025.

e-STORAGE acted as EPC, using its proprietary SolBank technology, and will provide ongoing support under a long-term service agreement. The project, owned by Epic Energy and developed by Recurrent Energy, sits alongside 46 MWp of co-located solar and is intended to strengthen grid stability and help South Australia reach 100% renewable electricity by 2027. e-STORAGE notes it has ~1.8 GWh of BESS under construction in Australia.

Recurrent Energy (NASDAQ: CSIQ) closed $825 million in construction financing and tax equity for two Arizona projects: Desert Bloom Storage (600 MWh) and Papago Solar (150 MWac) in Maricopa County. Lenders include Nord/LB, MUFG, CoBank, Siemens Financial Services and tax equity from Wells Fargo. Both assets are under construction and expected to begin operations in the first half of 2026. EPC contractors are Primoris (Desert Bloom) and Blattner (Papago). Recurrent notes prior Papago Storage 1,200 MWh began operations in July 2025 under a 20-year tolling agreement with APS.

Canadian Solar (NASDAQ: CSIQ) will hold its Third Quarter 2025 earnings conference call on Thursday, November 13, 2025 at 8:00 a.m. U.S. Eastern Time (9:00 p.m. November 13 in Hong Kong) to discuss third quarter 2025 results and business outlook.

The live audio dial-in numbers include +1-877-300-8521 (U.S. toll-free), 800 905 945 (Hong Kong), 400 120 1203 (Mainland China local), and +1-412-317-6026 (international). Conference ID: 10203526. A live webcast and a webcast replay will be available on the company investor relations website at www.canadiansolar.com. An audio replay will be available until 11:00 p.m. U.S. Eastern Time on Thursday, November 27, 2025 (12:00 p.m. Hong Kong, November 28, 2025) by dialing +1-844-512-2921 or +1-412-317-6671 using replay pin 10203526.

Canadian Solar (NASDAQ: CSIQ) has announced that its subsidiary e-STORAGE has secured significant Battery Storage Agreements and Long-Term Services Agreements with Aypa Power for two major projects in Ontario, Canada. The Elora and Hedley battery energy storage projects will provide 420 MW / 2,122 MWh of storage capacity, ranking among Ontario's largest energy storage facilities under development.

The projects will utilize e-STORAGE's SolBank product under 20-year LTSAs, with delivery starting in Q1 2026 and commercial operation expected in H1 2027. The agreements include continuous monitoring, preventive maintenance, and performance guarantees, ensuring high system availability and predictable service revenues.

Canadian Solar (NASDAQ: CSIQ) has achieved dual recognition on S&P Global Commodity Insights' inaugural 2025 Tier 1 Cleantech Companies list, being named both a Tier 1 PV module supplier and a Tier 1 Battery Energy Storage System supplier.

The prestigious classification is based on multiple criteria including market presence, cumulative shipments, market share, manufacturing diversification, financial performance, and sustainability factors. Canadian Solar earned this recognition through its gigawatt-scale shipments, strong financial performance, and commitment to sustainability practices including carbon reduction initiatives.