CS PowerTech Launches Best in Class PV HJT Solar Cell Plant

CS PowerTech, a subsidiary of Canadian Solar (NASDAQ: CSIQ), officially opened phase one of its flagship PV cell manufacturing facility at River Ridge Commerce Center in Jeffersonville, Indiana.

Rhea-AI Summary

CS PowerTech, a subsidiary of Canadian Solar (NASDAQ: CSIQ), officially opened phase one of its flagship PV cell manufacturing facility at River Ridge Commerce Center in Jeffersonville, Indiana. The plant is the first U.S. PV facility designed to produce heterojunction (HJT) bifacial N-type solar cells.

According to Canadian Solar, the Jeffersonville PVCells facility is expected, at full capacity, to produce over 6 GWp of solar cells annually, support more than 1,200 skilled jobs in Southern Indiana, and represent nearly $1 billion in local investment. Together with CS PowerTech's module plant in Mesquite, Texas, it forms a more localized, vertically integrated U.S. supply chain. Phase one is scheduled to ramp to full capacity over the next few months, with phase two expansion work expected to begin before year-end.

Positive

• 6 GWp expected annual PV cell capacity at full ramp
• Facility expected to support over 1,200 skilled jobs in Southern Indiana
• Project represents nearly $1 billion in local investment
• U.S. manufacturing platform now spans Indiana cells and Texas modules
• Canadian Solar highlights e-STORAGE $3.5 billion contracted backlog as of May 8, 2026

Negative

• None.

Argus Jul 24 session 22 alerts

-9.12% close to close 1.1x rel. volume Open Argus

Details

News Market Reaction – CSIQ

-5.9% Trough in 5 hr 48 min

$1.05B Market Cap

In the Jul 24 session, CSIQ declined 9.12%, reflecting a notable negative market reaction. Argus tracked a trough of -5.9% from its starting point during tracking. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -9.1% in the session following this news. Canadian Solar recorded a -5.28% reaction ...

Analysis

The stock moved -9.1% in the session following this news. Canadian Solar recorded a -5.28% reaction after its July 6 leadership-change announcement, a negative-news comparison for this plant launch. The facility's expansion claims should be weighed alongside recent insider net selling as a sourced risk context.

Key Figures

Annual production capacity: more than 6 GWp annually Manufacturing jobs: more than 1,200 jobs Local investment: nearly $1 billion +5 more

Annual production capacity

more than 6 GWp annually

At full capacity for phase one

Manufacturing jobs

more than 1,200 jobs

Jeffersonville facility at full capacity

Local investment

nearly $1 billion

Jeffersonville facility

U.S. employment

over 3,000 Americans

CS PowerTech employment

Modules delivered

nearly 177 GW

Canadian Solar deliveries over the past 25 years

Storage solutions shipped

over 20 GWh

As of March 31, 2026

Contracted backlog

$3.5 billion

As of May 8, 2026, through e-STORAGE

Solar projects developed

approximately 12.2 GWp

Projects developed, built, and connected globally

Historical Context

5 past events · Latest: Jul 14

5 events

1. Jul 14

   Tier 1 recognition

   24h Move

   +4.8%

   Named Tier 1 supplier for battery storage systems and PV modules

2. Jul 06

   Leadership change

   24h Move

   -5.3%

   Recurrent Energy CEO stepped down and successor was appointed immediately

3. Jul 02

   Annual meeting results

   24h Move

   -7.6%

   Shareholders approved director elections and auditor reappointment proposals

4. Jun 25

   Storage contract award

   24h Move

   +5.6%

   e-STORAGE announced a 95 MW/426 MWh Florida battery project

5. Jun 24

   Supply-chain certification

   24h Move

   +1.7%

   Two factories achieved Silver SSI traceability certification

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

heterojunction, hjt, bifacial, n-type

4 terms

heterojunction technical

"designed to produce industry-leading heterojunction (HJT) bifacial N-type solar cells"

A heterojunction is the boundary formed where two different semiconductor materials meet within an electronic device, creating a change in electrical properties at that interface. Like joining two kinds of fabric in a garment to get different stretch or insulation where they meet, the heterojunction controls how charges move, recombine, or are confined, which directly affects a device’s efficiency, speed, and manufacturing complexity—key factors for valuing technology and production prospects.

hjt technical

"produce industry-leading heterojunction (HJT) bifacial N-type solar cells"

HJT stands for heterojunction technology, a method for making solar cells that combines two different types of silicon layers to boost efficiency and reduce energy loss. Think of it as sandwiching a high-performance layer onto a durable core so the panel converts more sunlight into electricity while running cooler and degrading more slowly. Investors care because HJT-equipped panels can command higher prices, lower operating costs, and may extend product lifetimes, all of which affect a solar maker’s margins and long-term returns.

bifacial technical

"produce industry-leading heterojunction (HJT) bifacial N-type solar cells"

Bifacial describes equipment—most commonly solar panels—that can capture energy from both its front and back surfaces, like a sweater that picks up warmth from both sides. For investors, bifacial technology can raise a project's power output and lower cost per unit of energy, affecting revenue forecasts, installation choices and the valuation of firms that make or install these systems.

n-type technical

"produce industry-leading heterojunction (HJT) bifacial N-type solar cells"

A material or device described as n-type has been doped or designed so that electrons are the main mobile charge carriers, meaning electric current is carried primarily by negatively charged particles. In electronics and materials, n-type contrasts with p-type (where positive 'holes' carry charge); this distinction affects how transistors, diodes, sensors, and batteries behave and are manufactured, so it matters to investors tracking semiconductor, electronics, or energy-technology companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Jeffersonville, Indiana facility will include more than 1,200 employees that will strengthen U.S. manufacturing, supply-chain resilience, and energy dominance

KITCHENER, ON and JEFFERSONVILLE, Ind., July 24, 2026 /PRNewswire/ -- CS PowerTech Inc., a subsidiary of Canadian Solar Inc. (NASDAQ: CSIQ) and the largest silicon PV solar manufacturer in the U.S., today announced the official opening of the first phase of its flagship PV cell manufacturing facility at the River Ridge Commerce Center in Jeffersonville, Indiana. The Jeffersonville PVCells facility is a cornerstone of CS PowerTech's U.S. manufacturing platform, reshoring critical advanced manufacturing, strengthening U.S. supply-chain resilience, and supporting America's energy security.

Jeffersonville PVCells is the first American PV cell facility designed to produce industry-leading heterojunction (HJT) bifacial N-type solar cells. Together with CS PowerTech's module manufacturing plant in Mesquite, Texas, the Jeffersonville facility creates a more localized, vertically integrated supply chain to serve its customers and to strengthen critical U.S. energy infrastructure.

At full capacity, the facility is expected to produce more than 6 GWp annually, support more than 1,200 skilled manufacturing, engineering, and technical jobs in Southern Indiana, and represent nearly $1 billion in local investment.

Rusty Schmit, President of CS PowerTech Inc., said, "Jeffersonville is a cornerstone of our strategy to build one of North America's most advanced energy manufacturing supply chains. This facility will produce next-generation HJT solar cells, support domestic manufacturing, and ultimately strengthen grid reliability as our customers deploy the products. We are proud to invest in Indiana's workforce and work with regional partners to build a long-term center of excellence for solar technology and advanced manufacturing."

Colin Parkin, Chief Executive Officer of Canadian Solar Inc., added, "The Jeffersonville facility demonstrates our commitment to scaling one of the world's most advanced solar cell technologies in the United States. HJT technology is critical for the next generation of high-efficiency, high-performance solar modules, and this plant gives CS PowerTech the ability to deliver leading technology, improved energy yield, and long-term value for customers while strengthening domestic advanced manufacturing."

Governor Mike Braun, stated, "CS PowerTech's investment strengthens Indiana's position in advanced manufacturing, creates good-paying jobs for Hoosiers in the area, and reinforces our role in building the technologies that will continue to power America's future."

Indiana State Senator Chris Garten, stated, "CS PowerTech's investment in Jeffersonville is a major win for Southern Indiana. This facility will create over a thousand high-quality jobs, strengthen our advanced manufacturing base, and help position our region as a leader in the technologies that will power America's future."

Indiana State House Representative Wendy Dant Chesser, said, "Indiana's manufacturing workforce is second to none. We welcome CS PowerTech's investment at River Ridge and are excited to launch Southern Indiana into the lead for advanced energy manufacturing and technology."

Jeffersonville Mayor Mike Moore, stated, "CS PowerTech is an important part of Jeffersonville's growth story. This investment reflects the strength of our workforce and our city's position as a premier destination for advanced manufacturing."

Marc Hildenbrand, Executive Director of the River Ridge Development Authority, said, "CS PowerTech's investment validates River Ridge's long-term vision as a destination for transformational growth. This facility shows how infrastructure, talent, and strong public-private partnerships can attract world-class advanced manufacturing to Southern Indiana."

The Jeffersonville facility will ramp production to full capacity for phase one over the next few months and CS PowerTech expects to begin work on phase two expansion before the end of the year.

About CS PowerTech Inc.

CS PowerTech is one of the largest North American PV manufacturers. The company is a subsidiary of Canadian Solar Inc. (NASDAQ: CSIQ) and operates U.S.-based manufacturing and sales of solar modules and solar cells in Mesquite, Texas and Jeffersonville, Indiana, respectively. CS PowerTech is focused on building a cohesive and scalable U.S. manufacturing ecosystem that employs over 3,000 Americans, supports local communities, accelerates clean energy adoption, and reinforces long-term American energy dominance and independence.

About Canadian Solar Inc.

Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered nearly 177 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar had shipped over 20 GWh of battery energy storage solutions to global markets as of March 31, 2026, and had a $3.5 billion contracted backlog as of May 8, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.2 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 24 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements 

Certain statements in this press release, including those regarding the Company's expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "may", "will", "expect", "anticipate", "future", "ongoing", "continue", "intend", "plan", "potential", "prospect", "guidance", "believe", "estimate", "is/are likely to" or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 10, 2026. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Canadian Solar Inc. Investor Relations Contact
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

View original content:https://www.prnewswire.com/news-releases/cs-powertech-launches-best-in-class-pv-hjt-solar-cell-plant-302833602.html

SOURCE Canadian Solar Inc.

FAQ

What did Canadian Solar (NASDAQ: CSIQ) announce on July 24, 2026 about the CS PowerTech Jeffersonville plant?

Canadian Solar announced the official opening of phase one of CS PowerTech’s Jeffersonville, Indiana PV cell facility. According to Canadian Solar, the plant will produce HJT bifacial N-type solar cells and is a cornerstone of its U.S. manufacturing and supply-chain resilience strategy.

What is the planned production capacity of CS PowerTech’s Jeffersonville PV cell plant for CSIQ?

The Jeffersonville facility is expected to produce more than 6 GWp of solar cells annually at full capacity. According to Canadian Solar, this output will support a vertically integrated U.S. supply chain alongside its Mesquite, Texas module manufacturing plant.

How many jobs will CS PowerTech’s new Jeffersonville solar cell factory create for Canadian Solar (CSIQ)?

The Jeffersonville PVCells facility is expected to support more than 1,200 skilled manufacturing, engineering, and technical jobs. According to Canadian Solar, these positions will be based in Southern Indiana and contribute to building a long-term center of excellence in advanced solar manufacturing.

How much investment is associated with CS PowerTech’s Jeffersonville PV cell facility for CSIQ shareholders?

The Jeffersonville project represents nearly $1 billion in local investment, according to Canadian Solar. The company positions this spending as part of its strategy to reshore advanced manufacturing, enhance U.S. energy security, and support domestic solar technology deployment.

What solar technology will CS PowerTech’s Indiana plant produce for Canadian Solar (NASDAQ: CSIQ)?

The Jeffersonville plant is designed to produce heterojunction (HJT) bifacial N-type solar cells. According to Canadian Solar, HJT technology is key to next-generation high-efficiency, high-performance solar modules and is intended to improve energy yield and long-term value for customers.

How does CS PowerTech’s Jeffersonville facility fit into Canadian Solar’s broader U.S. manufacturing footprint?

The Jeffersonville PV cell facility complements CS PowerTech’s module manufacturing plant in Mesquite, Texas, forming a localized, vertically integrated supply chain. According to Canadian Solar, this U.S. platform supports over 3,000 American employees and strengthens critical domestic energy infrastructure.

When will CS PowerTech ramp and expand the Jeffersonville solar cell plant for Canadian Solar (CSIQ)?

CS PowerTech expects to ramp phase one production to full capacity over the next few months. According to Canadian Solar, the company also expects to begin work on a phase two expansion before the end of the year, further scaling U.S. PV cell manufacturing.