GUELPH, ON, March 20, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today the acquisition of a solar PV portfolio in the south of Spain with a capacity of more than 420 MWp. Recurrent Energy currently has projects in various stages of development in Spain and expects to start construction on more than 1 GW of solar projects in the country in 2024. The recently acquire ...

Canadian Solar Inc. (CSIQ) reported fourth-quarter 2023 loss of 2 cents per share, which came in much narrower than the Zacks Consensus Estimate of a loss of 13 cents. The bottom line also deteriorated from the year-ago quarter’s reported profit of $1.11.For 2023, the company reported earnings of $3.87 per share, up from $3.44 recorded in 2022. The full-year earnings also surpassed the Zacks Consensus Estimate of $3.68 by 5.2%.Total RevenuesThis solar cell manufacturer’s total fourth-quarter 2023 revenues o ...

Canadian Solar Inc. (NASDAQ:CSIQ) Q4 2023 Earnings Conference Call March 14, 2024 8:00 AM ET Company Participants Wina Huang - Head of IR Shawn Qu - Chairman & CEO Yan Zhuang - President, CSI Solar Ismael Guerrero - Corporate VP & President, Recurrent Energy Huifeng Chang - SVP & CFO Conference Call Participants Colin Rusch - Oppenheimer Vikram Bagri - Citi Philip Shen - ROTH MKM Brian Lee - Goldman Sachs Operator Ladies and gentlemen, thank you for standing by. Welcome to Canadian Solar's Fourth Quarter 20 ...

Canadian Solar 4Q23 Earnings Call Safe Harbor Statement This presentation has been prepared by the Company solely to facilitate the understanding of the Company’s business model and growth strategy. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of ...

Canadian Solar (CSIQ) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 84.62%. A quarter ago, it was expected that this solar wafers manufacturer would post earnings of $0.91 per share when it actually produced earnings of $0.32, delivering a surprise of -64.84%.Over the last four quarters ...

Exhibit 99.1 Canadian Solar Reports Fourth Quarter and Full Year 2023 Results Guelph, Ontario, March 14, 2024 – Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Highlights · 26% increase in solar module shipments year-over-year ("yoy") to 8.2 GW, above guidance range of 7.6 GW to 8.1 GW. · Record full year solar module shipments of 30.7 GW by CSI Solar, a 45 ...

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 ...