CS PowerTech Launches Best in Class PV HJT Solar Cell Plant
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.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 14 | Tier 1 recognition | Positive | +4.8% | Named Tier 1 supplier for battery storage systems and PV modules |
| Jul 06 | Leadership change | Negative | -5.3% | Recurrent Energy CEO stepped down and successor was appointed immediately |
| Jul 02 | Annual meeting results | Neutral | -7.6% | Shareholders approved director elections and auditor reappointment proposals |
| Jun 25 | Storage contract award | Positive | +5.6% | e-STORAGE announced a 95 MW/426 MWh Florida battery project |
| Jun 24 | Supply-chain certification | Positive | +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.
Recent positive recognition and operational announcements were followed by positive reactions, while a neutral annual-meeting event was followed by a negative reaction.
Key Terms
heterojunction technical
hjt technical
bifacial technical
n-type technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
Rusty Schmit, President of CS PowerTech Inc., said, "
Colin Parkin, Chief Executive Officer of Canadian Solar Inc., added, "The
Governor Mike Braun, stated, "CS PowerTech's investment strengthens
Indiana State Senator Chris Garten, stated, "CS PowerTech's investment in
Indiana State House Representative Wendy Dant Chesser, said, "
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
The
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
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
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SOURCE Canadian Solar Inc.