NEW YORK and GUELPH, ON, June 3, 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 the initial closing and funding of an investment in Recurrent Energy's platform by BlackRock through a fund managed by its Climate Infrastructure business ("BlackRock"). The initial closing of the transaction, first announced in January 2024, was contingent on requisite reg ...

GUELPH, ON, May 31, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced the release of its 2023 Sustainability Report. This report showcases the Company's ongoing progress and achievements in its environmental, social, and governance (ESG) initiatives.The sustainability disclosures in this report are aligned with global standards set by the SASB (the Sustainability Accounting Standards Board) and the Global Reporting Initiative (GRI), with reference t ...

The revolving credit facility will provide flexible financing for the construction of solar and battery energy storage projects across Spain, Italy, the United Kingdom, the Netherlands, France, and GermanyGUELPH, ON, May 23, 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, today announced that it has secured a landmark multi-currency revolving credit facility valued at up to €1.3 ...

Canadian Solar, Inc. (CSIQ) reported first-quarter 2024 earnings of 19 cents per share, which surpassed the Zacks Consensus Estimate of a loss of 34 cents. However, the bottom line declined 84% from the first-quarter 2023 reported figure of $1.19 per share.RevenuesCanadian Solar reported revenues of $1.33 billion in the first quarter, which surpassed the Zacks Consensus Estimate by 4.2%. However, the top line declined 21.9% from the year-ago quarter’s figure of $1.70 billion. This decrease was primarily due ...

Canadian Solar Inc. (NASDAQ:CSIQ) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants Wina Huang - Head of IR Shawn Qu - President, Chairman, and CEO Yan Zhuang - President, CSI Solar Ismael Guerrero Arias - CEO, Recurrent Energy Huifeng Chang - SVP and CFO Xinbo Zhu - Chief Supply and Risk Officer Conference Call Participants Colin Rusch - Oppenheimer Praneeth Satish - Wells Fargo Philip Shen - ROTH MKM Brian Lee - Goldman Sachs Operator Ladies and gentlemen, thank you for standing ...

Canadian Solar (CSIQ) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of a loss of $0.34 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 155.88%. A quarter ago, it was expected that this solar wafers manufacturer would post a loss of $0.13 per share when it actually produced a loss of $0.02, delivering a surprise of 84.62%.Over the last fou ...

Canadian Solar 1Q24 Earnings Call May 9, 2024 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 here ...

GUELPH, ON, May 9, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2024. Highlights Solar module shipments of 6.3 GW, in line with guidance of 6.1 GW to 6.4 GW. Net revenues of $1.3 billion, in line with guidance of $1.2 billion to $1.4 billion. 19.0% gross margin, at the high end of 17% to 19% guidance range. Net income attributable to Canadian Solar of $12 million or $0.19 per diluted share ...

Canadian Solar Inc. (CSIQ) is slated to report first-quarter 2024 results on May 9, before the opening bell.  In the last reported quarter, the company delivered an earnings surprise of 84.62%. CSIQ has a trailing four-quarter average earnings surprise of 56.24%.Factors to NoteThe first quarter of a year is typically characterized by a seasonal slowdown after a rush to install projects at the end of the year. Therefore, anticipating that the first quarter of 2024 was a low installation quarter (seasonally), ...

Canadian Solar (CSIQ) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 9, 2024, might help the stock move higher if these key numbers are better than expec ...