Canadian Solar Stock Price, News & Analysis

Canadian Solar's (NASDAQ: CSIQ) subsidiary Recurrent Energy has successfully commissioned the 1,200 MWh Papago Storage facility in Maricopa County, Arizona. This facility, now operational, represents the first of three projects with Arizona Public Service (APS) featuring tolling agreements.

The combined projects will deliver 1,800 MWh of battery storage and 150 MWac of solar generation, capable of powering the equivalent of 72,000 homes for four hours and providing solar power to approximately 24,000 homes annually. The project's completion is strategically timed to support peak summer electricity demand in Arizona.

Canadian Solar's e-STORAGE subsidiary served as the turnkey EPC provider and will continue supporting the facility through a long-term service agreement. The project contributes to local community development through tax revenues and direct support to the Harquahala Fire District and Arlington Elementary School.

Canadian Solar (NASDAQ: CSIQ) held its 2025 Annual Meeting of Shareholders on June 20, 2025, where shareholders approved two key proposals. The first proposal confirmed the election of seven directors: Shawn Qu, Yan Zhuang, Harry E. Ruda, Andrew Wong, Lauren C. Templeton, Leslie Chang, and Yuan Yuan Zhang Qu. These directors will serve until the next annual meeting or until their successors are appointed. The second proposal approved the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the company's auditors, with authorization for directors to determine their compensation.

Canadian Solar's subsidiary e-STORAGE announced successful completion of Large-Scale Fire Testing (LSFT) for its SolBank 3.0 energy storage system. The test, conducted under CSA C-800:25 §9.7 protocol and witnessed by CSA Group and ESRG, demonstrated the system's ability to contain thermal events within a single enclosure without fire propagation to adjacent units. The successful test validates SolBank 3.0's passive fire containment design and compliance with NFPA 855 safety objectives. All structural elements remained intact throughout testing, providing enhanced safety assurance for utility-scale deployments. This achievement reinforces e-STORAGE's position as a leader in safe, scalable energy storage solutions.

Canadian Solar (NASDAQ: CSIQ) has released its 2024 Sustainability Report, showcasing significant environmental and operational achievements. The company reported substantial reductions in environmental impact compared to 2017 levels, including 54% lower GHG emissions, 37% reduced energy intensity, 75% decreased water usage, and 53% lower waste intensity. Waste recycling and reuse increased to 94% in 2024 from 88% in 2023.

The company earned a Silver-level recognition from the Responsible Business Alliance (RBA) for its Suqian solar cell factory and improved its sustainability ratings, including an ISS ESG rating upgrade to B+ and a CDP climate change score advancement to B. Canadian Solar maintained its EcoVadis Silver rating while improving to the industry's top 4% in 2025.

The report aligns with global standards including SASB, GRI, and IFRS, demonstrating enhanced transparency in GHG emissions reporting and setting new environmental targets for its battery energy storage business.

Canadian Solar (NASDAQ: CSIQ) reported Q1 2025 financial results with module shipments of 6.9 GW, up 9.4% year-over-year, exceeding guidance of 6.4-6.7 GW. The company posted revenues of $1.2 billion and a gross margin of 11.7%, both at the high end of guidance. However, the company reported a net loss of $34 million ($0.69 per share) due to lower storage contribution and trade-related duties. Key operational highlights include expansion of e-STORAGE pipeline to 91 GWh with $3.2 billion in contracted backlog, and Recurrent Energy securing a $415 million credit facility. The company's solar project pipeline reached 27 GWp, while the battery storage pipeline grew to 76 GWh. For Q2 2025, Canadian Solar expects revenue between $1.9-2.1 billion with gross margin of 23-25%, and full-year 2025 module shipments of 25-30 GW.

Canadian Solar (NASDAQ: CSIQ) announced the launch of its advanced SolBank 3.0 Plus battery energy storage product at Intersolar Europe. The new product, developed by e-STORAGE under CSI Solar, features significant improvements over its predecessor including: • 25-year lifespan with near-zero degradation in first 4 years • Up to 12,000 cycles at 95% round-trip efficiency • 13% boost in lifetime energy throughput • 30% reduction in auxiliary load power consumption • Enhanced safety features with aerospace-grade heat-resistant separator • Active cell-level balancing technology • Improved battery cooling system with reduced noise output

Canadian Solar (NASDAQ: CSIQ) has unveiled its new N-type high power TOPBiHiKu CS6.2 module series, featuring advanced TOPCon 2.0 technology. The new module achieves up to 660 Wp power output and 24.4% conversion efficiency, with global deliveries starting August 2025. Key innovations include fine line printing reducing finger width by 30%, advanced firing process improving voltage by 10mV, and enhanced rear polysilicon optimization achieving 90% bifaciality. The module offers significant advantages including an optimized temperature coefficient of -0.28%/°C, enabling up to 2% lower balance of system costs and up to 5% reduction in LCOE compared to standard TOPCon modules. This technological advancement positions Canadian Solar at the forefront of solar innovation for utility and commercial & industrial applications.

Canadian Solar (NASDAQ: CSIQ) has scheduled its first quarter 2025 earnings conference call for Thursday, May 15, 2025, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Hong Kong time). The company will discuss Q1 2025 results and business outlook during the call.

Investors can join via phone using toll-free numbers: +1-877-704-4453 (U.S.), 800 965 561 (Hong Kong), or +86 400 120 2840 (Mainland China). International callers can dial +1-201-389-0920. The conference ID is 13753335. A live webcast will be available on Canadian Solar's investor relations website.

A replay will be accessible until May 29, 2025, at 11:00 p.m. ET through +1-844-512-2921 (U.S.) or +1-412-317-6671 (international), using the same conference ID.

Canadian Solar (NASDAQ: CSIQ) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). This regulatory filing represents a key transparency milestone for the solar energy company.

Investors and stakeholders can access the complete Form 20-F through two official channels:

• Canadian Solar's Investor Relations website (www.canadiansolar.com)
• SEC's official website (www.sec.gov)

This mandatory filing ensures compliance with U.S. securities regulations and provides comprehensive information about the company's financial performance and operations during 2024.