Solar(CSIQ) - 2023 Q2 - Quarterly Report

Exhibit 99.1 Canadian Solar Reports First Quarter 2023 Results Guelph, Ontario, May 18, 2023 – Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2023. Highlights · 66% increase in solar module shipments year-over-year ("yoy") to 6.1 GW, in line with guidance of 5.9 GW to 6.2 GW. · 36% increase in revenue yoy to $1.7 billion, in line with guidance of $1.6 billion to $1.8 billion. · 18.7% gross margin, in line with gu ...