ArtistGNDphotography Here at the Lab, this is not the first time that we have updated our readers on Canadian Solar's performance (NASDAQ:CSIQ). In November 2023, we anticipated short-term risks, downgrading 2023 and 2024 EBITDA estimates due to module prices and lower sales; however, we maintained a buy rating with the expectation of de-stocking activities in the US and Europe. For new investors, Canadian Solar is a leader in the solar industry and one of the largest manufacturers of crystalline silicon so ...

Solar energy is likely to be an integral part of the energy grid in the future. However, solar stocks have not had the best performance over the past 12 months. A lot of this is related to macroeconomic uncertainty we have all been hearing about. Energy prices soared in 2022 due to the Russia-Ukraine war. Back then, solar energy looked like a competitive alternative to oil & gas energy sources. As oil prices normalized in 2023, the allure of various solar energy products began to fade away. Moreover, high i ...

Renewable energy stocks might not be among the best performers in the recent past. However, there is no doubt that the sector will continue to grow beyond the current decade. For a long-term investor, this is the best time to consider exposure to undervalued renewable energy stocks.Talking about the industry potential, global renewable energy investment was $486 billion in 2022. The International Renewable Energy Agency believes that annual global investment should reach $1.3 trillion by 2030.Further, globa ...

The 160 MW North Fork Solar Project is now in operation, supplying power to the Oklahoma Municipal Power Authority GUELPH, ON, June 27, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today that it has signed a $103 million tax credit facilitation agreement with Bank of America for its North Fork Solar Project ("North Folk Solar"). The 160 MW solar project, l ...

GUELPH, ON, June 21, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), today announced that it held its Annual Meeting of Shareholders on June 21, 2024. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved:The election of Shawn (Xiaohua) Qu, Harry E. Ruda, Lauren C. Templeton, Andrew (Luen Cheung) Wong, Leslie Li Hsien Chang, Yan Zhuang, and Xinbo Zhu each as a director of the Company until the next annual m ...

Papago Storage, the largest energy storage project in Arizona, holds a 20-year tolling agreement with Arizona Public Service Company.GUELPH, ON, June 20, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, today announced it has secured $513 million in project financing for its landmark Papago Storage project located in Maricopa County, Arizona. Construction of the 1,200 M ...

GUELPH, ON, June 20, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has entered into a partnership agreement with leading renewable energy supplier Lifestyle Solar Inc. ("Lifestyle Solar") to provide solar and energy storage solutions to homebuilders in California.   Through this partnership, Canadian Solar will supply its integrated residential solar and energy storage solution, including its high efficiency solar modules and residential ...

GUELPH, ON, June 18, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it will present the new three-phase EP Cube and EP Cube Twin Peak at Intersolar in Munich, Germany, on June 19-21, 2024. This expansion of the successful EP Cube residential energy storage line aims to enhance home storage adoption across Europe, accommodating diverse residential requirements.The three-phase EP Cube, offering a maximum output power of 12 kVa, ensures continuo ...

Core Viewpoint - Canadian Solar Inc. has commenced commercial operations for its first portfolio of feed-in premium (FIP) photovoltaic (PV) projects in Japan, marking a strategic shift from feed-in tariffs (FIT) to FIP to meet rising renewable energy demand [1][3] Group 1: Project Details - The commercial operation includes a 1.2 MWp project in Tsukuba City and a 1.9 MWp project in Daisen Town, both utilizing CS7N660W bifacial modules [1] - The projects were initially awarded FIT through auctions in 2020 but transitioned to FIP to capitalize on additional revenue opportunities through Non-Fossil Certificates (NFCs) [1] Group 2: Power Purchase Agreement - Toyota Tsusho Corporation has entered into a 20-year Power Purchase Agreement (PPA) with Canadian Solar, securing 100% of the PV power and NFCs generated by the projects [2] - Toyota Tsusho, as an electricity retailer, will provide the generated power and NFCs to its corporate customers [2] Group 3: Company Background and Development - Canadian Solar, founded in 2001, is a leading global solar technology and renewable energy company, having delivered over 125 GW of solar photovoltaic modules worldwide [4] - The company has developed over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects since entering the project development business in 2010 [4] - As of March 31, 2024, Canadian Solar's project development business in Japan totals 240 MWp for solar and 1.675 GWh for energy storage [3]

Some of the best solar stocks to buy might not have performed well in the last 12 to 18 months. However, the industry will undoubtedly continue to grow at a steady pace beyond the current decade. The near-term price and time correction is, therefore, an opportunity to look at the best solar stocks to buy.In terms of growth potential, wind and solar are expected to produce over a third of the global power by 2030. With solar energy being the cheapest electricity production, big investments will continue to f ...