Canadian Solar Inc. (CSIQ) is slated to report fourth-quarter and full-year 2023 results on Mar 14, before the opening bell.  In the last reported quarter, the company delivered a negative earnings surprise of 64.84%. CSIQ has a trailing four-quarter average earnings surprise of 67.89%.Factors to NoteWeak residential solar demand might have had impacted module shipment for Canadian Solar in the fourth quarter. This might have also led to lower project sales, which, along with lower module price, can be expe ...

Canadian Solar Inc. (CSIQ) recently announced that it has signed a framework agreement with Sol Systems to supply its high-efficiency N-Type TOPCon (Tunnel Oxide Passivated Contact) solar modules to the latter. These modules will be supplied from CSIQ’s Texas factory, wherein ramped-up module production started in December 2023.The agreement is expected to boost Canadian Solar’s module production and procurement in the United States.CSIQ’s Role in the ProjectPer the terms of the deal, Canadian Solar will su ...

GUELPH, ON, March 4, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) and Sol Systems, a leading renewable energy company based in Washington, D.C., announced today a partnership to scale new solar module production and procurement in the United States. Canadian Solar has secured a framework agreement to provide Sol Systems with a significant supply of modules from its newly ramped Texas module factory. Under the partnership, Canadian Solar will supply its latest h ...

Canadian Solar Inc.’s (CSIQ) subsidiary, Recurrent Energy, recently secured non-recourse project financing worth $51 million for its 119-megawatt (MW) Horus solar project located in Mexico. Such developments should strengthen CSIQ’s footprint in the country’s solar market.  The financing has been done by two entities - Korea Eximbank, which is providing a $43 million facility and KEB Hana Bank, which is offering $8 million.Details of the ProjectThe Horus Solar project has joint ownership, with Recurrent Ene ...

GUELPH, ON, Feb. 29, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) announced today its pivotal role in powering the Super Bowl LVIII that was held at Allegiant Stadium in Las Vegas, Nevada on February 11, 2024. The first-ever Super Bowl to be powered entirely by renewable energy, this historic event sourced electricity from the Arrow Canyon solar and energy storage project in Nevada. Developed, owned, and operated by EDF Renewables, the Arrow Canyon project uses ...

GUELPH, ON, Feb. 27, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today that it has closed non-recourse project financing for its 119 MW Horus Solar project in the region of Aguascalientes, Mexico. Recurrent owns 49 percent of the Horus Solar project, while Korea Electric Power Corporation (KEPCO) and Sprott own 15 percent and 36 percent respectively ...

Vithun Khamsong/Moment via Getty ImagesCanadian Solar (NASDAQ:CSIQ) was incorporated in Canada in 2001. In 2006, Canadian Solar went public on Nasdaq as a Corporation headquartered in Canada. Since 2013, Canadian Solar has grown its revenues by 475% and earnings per share by 800%. During these past 10 years, Canadian Solar has always had positive earnings and is now an international solar powerhouse. We feel Canadian Solar is vastly undervalued due to its image as a Chinese company. To understand Canadi ...

Solar energy stocks have been depressed in the last few quarters. This has translated into several stocks trading at a valuation gap. I believe that the correction presents a good buying opportunity with some of the best solar energy stocks poised for a strong comeback.An important reason for weak numbers from solar companies is macroeconomic headwinds in the U.S. and Europe. Further, with high interest rates, demand for solar projects from retail consumers has been sluggish. However, the key point is that ...

GUELPH, ON, Feb. 15, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has been awarded the "Top Brand PV Award USA 2024" by EUPD Research, a globally renowned authority in market research. This accolade stands as the epitome of recognition and prestige in the global PV industry, symbolizing reliability and trust within target customer groups and among business partners. A trailblazer in the photovoltaic (PV) industry for over two decades, C ...

Solar stocks have seen brighter days. Even with a strong potential backlog, some of the best solar stocks have been in a correction mode for the past few quarters. Macroeconomic challenges that translate into lower demand and high inventory are to blame for the depressed sentiments. Further, the instillation of residential solar projects involve relatively higher costs, especially as interest rates remain high.Notably, most of these challenges are temporary. Therefore, the correction in some of the best sol ...