Canadian Solar (CSIQ) Stock Shines 37% Brighter

Core Insights - Canadian Solar Inc. (NASDAQ:CSIQ) experienced a significant increase in share price, soaring by 37.14% week-on-week, driven by positive investor sentiment following the commissioning of a new 220 MWh battery energy storage system in Australia [1][2] - The company's subsidiary, e-STORAGE, successfully achieved commercial operations of the DC Mannum battery storage project for Epic Energy, contributing to the stock's rise above the $20 level and reaching a new all-time high [1][2] Company Developments - e-STORAGE has entered into a long-term service agreement to support the ongoing performance and operational management of the battery storage project, indicating a commitment to long-term value creation [2] - e-STORAGE has established itself as a leading provider in the region, with over 1.8 GWh of Battery Energy Storage Systems (BESS) under construction in Australia [2] - Canadian Solar has shipped over 13 GWh of battery energy storage solutions globally and has a contracted backlog valued at $3 billion as of June 30, 2025 [2]