Canadian Solar Stock Price, News & Analysis

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.

Canadian Solar (NASDAQ: CSIQ) announced the launch of its advanced SolBank 3.0 Plus battery energy storage product at Intersolar Europe. The new product, developed by e-STORAGE under CSI Solar, features significant improvements over its predecessor including: • 25-year lifespan with near-zero degradation in first 4 years • Up to 12,000 cycles at 95% round-trip efficiency • 13% boost in lifetime energy throughput • 30% reduction in auxiliary load power consumption • Enhanced safety features with aerospace-grade heat-resistant separator • Active cell-level balancing technology • Improved battery cooling system with reduced noise output

Canadian Solar (NASDAQ: CSIQ) has unveiled its new N-type high power TOPBiHiKu CS6.2 module series, featuring advanced TOPCon 2.0 technology. The new module achieves up to 660 Wp power output and 24.4% conversion efficiency, with global deliveries starting August 2025. Key innovations include fine line printing reducing finger width by 30%, advanced firing process improving voltage by 10mV, and enhanced rear polysilicon optimization achieving 90% bifaciality. The module offers significant advantages including an optimized temperature coefficient of -0.28%/°C, enabling up to 2% lower balance of system costs and up to 5% reduction in LCOE compared to standard TOPCon modules. This technological advancement positions Canadian Solar at the forefront of solar innovation for utility and commercial & industrial applications.

Canadian Solar (NASDAQ: CSIQ) has scheduled its first quarter 2025 earnings conference call for Thursday, May 15, 2025, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Hong Kong time). The company will discuss Q1 2025 results and business outlook during the call.

Investors can join via phone using toll-free numbers: +1-877-704-4453 (U.S.), 800 965 561 (Hong Kong), or +86 400 120 2840 (Mainland China). International callers can dial +1-201-389-0920. The conference ID is 13753335. A live webcast will be available on Canadian Solar's investor relations website.

A replay will be accessible until May 29, 2025, at 11:00 p.m. ET through +1-844-512-2921 (U.S.) or +1-412-317-6671 (international), using the same conference ID.

Canadian Solar (NASDAQ: CSIQ) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). This regulatory filing represents a key transparency milestone for the solar energy company.

Investors and stakeholders can access the complete Form 20-F through two official channels:

• Canadian Solar's Investor Relations website (www.canadiansolar.com)
• SEC's official website (www.sec.gov)

This mandatory filing ensures compliance with U.S. securities regulations and provides comprehensive information about the company's financial performance and operations during 2024.

Recurrent Energy, a Canadian Solar subsidiary, has secured a major $415 million multi-currency credit facility backed by four leading banks. The facility, which includes potential for upsizing through an accordion feature, allows disbursements in USD, EUR, GBP, and AUD.

This strategic financing strengthens Recurrent Energy's position as a global independent power producer (IPP) in renewable energy. The banking consortium includes Banco Santander (also acting as Global Financial Advisor), Rabobank, Intesa Sanpaolo, and Morgan Stanley.

The flexible financing structure enables Recurrent Energy to pursue strategic opportunities and accelerate clean energy project deployment worldwide. While focusing on IPP growth, the company maintains its develop-and-sell model in select markets. CEO Ismael Guerrero emphasizes this agreement's significance in transforming Recurrent Energy into a leading global renewable energy producer and developer.

Canadian Solar's residential energy storage system, EP Cube, has achieved two major design accolades - the 2025 iF Design Award and Gold at the 2025 MUSE Design Awards. The product, designed by subsidiary Eternalplanet, competed against thousands of submissions from over 60 countries.

The EP Cube features:

• Minimalist design with metal finishes and rounded edges
• Ultra-slim profile for easy installation
• Quick connectors instead of traditional wiring
• Stackable modules with 3.33 kWh capacity each
• Flexible capacity options from 6.6 kWh to 19.9 kWh
• Three operating modes: backup, self-consumption, and time-of-use

The system's innovative design allows for direct module stacking to increase storage capacity while reducing installation time.

Canadian Solar's (NASDAQ: CSIQ) e-STORAGE division has secured a contract with Colbún to provide a 228 MW/912 MWh Battery Energy Storage System (BESS) for the Diego de Almagro Sur project in Chile's Atacama Region. The project will utilize e-STORAGE's proprietary SolBank 3.0 technology, featuring lithium-iron-phosphate batteries with advanced cooling systems.

Construction is set to begin in June 2025, creating up to 150 jobs, with commercial operations expected by December 2026. The BESS will be co-located with Colbún's existing 232 MW solar park and 8 MW/32 MWh storage system. The new system will provide energy shifting, capacity contribution, and advanced grid services including grid forming, black start, and inertia support.