Canadian Solar Stock Price, News & Analysis

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.

Recurrent Energy, a Canadian Solar subsidiary, has secured a major $415 million multi-currency credit facility backed by four leading banks. The facility, which includes potential for upsizing through an accordion feature, allows disbursements in USD, EUR, GBP, and AUD.

This strategic financing strengthens Recurrent Energy's position as a global independent power producer (IPP) in renewable energy. The banking consortium includes Banco Santander (also acting as Global Financial Advisor), Rabobank, Intesa Sanpaolo, and Morgan Stanley.

The flexible financing structure enables Recurrent Energy to pursue strategic opportunities and accelerate clean energy project deployment worldwide. While focusing on IPP growth, the company maintains its develop-and-sell model in select markets. CEO Ismael Guerrero emphasizes this agreement's significance in transforming Recurrent Energy into a leading global renewable energy producer and developer.

Canadian Solar's residential energy storage system, EP Cube, has achieved two major design accolades - the 2025 iF Design Award and Gold at the 2025 MUSE Design Awards. The product, designed by subsidiary Eternalplanet, competed against thousands of submissions from over 60 countries.

The EP Cube features:

• Minimalist design with metal finishes and rounded edges
• Ultra-slim profile for easy installation
• Quick connectors instead of traditional wiring
• Stackable modules with 3.33 kWh capacity each
• Flexible capacity options from 6.6 kWh to 19.9 kWh
• Three operating modes: backup, self-consumption, and time-of-use

The system's innovative design allows for direct module stacking to increase storage capacity while reducing installation time.

Canadian Solar's (NASDAQ: CSIQ) e-STORAGE division has secured a contract with Colbún to provide a 228 MW/912 MWh Battery Energy Storage System (BESS) for the Diego de Almagro Sur project in Chile's Atacama Region. The project will utilize e-STORAGE's proprietary SolBank 3.0 technology, featuring lithium-iron-phosphate batteries with advanced cooling systems.

Construction is set to begin in June 2025, creating up to 150 jobs, with commercial operations expected by December 2026. The BESS will be co-located with Colbún's existing 232 MW solar park and 8 MW/32 MWh storage system. The new system will provide energy shifting, capacity contribution, and advanced grid services including grid forming, black start, and inertia support.

Recurrent Energy, a subsidiary of Canadian Solar (NASDAQ: CSIQ), celebrated the successful operation of its Bayou Galion Solar project in Northeast Louisiana. The 127 MWdc solar facility, which began operations in November 2024, represents a $160 million investment and can power approximately 20,500 homes annually.

The project marks Recurrent Energy's first venture in Louisiana, where cumulative solar investments exceeded $2 billion by the end of 2024. The facility, located in Morehouse Parish, provides substantial tax revenue for the local community and contributes to the region's growing energy infrastructure. MUFG acted as Coordinating Lead Arranger for the project financing, while Primoris Renewables Energy completed the construction with local vendor support.

Canadian Solar (NASDAQ: CSIQ) and Flow Power have announced a partnership to implement innovative anti-hail solar panels in Australia. The first deployment will be at the Coonawarra Energy Project in South Australia, featuring a solar farm paired with a DC-coupled Battery Energy Storage System (BESS), scheduled for delivery in 2025.

The project marks a significant milestone in Australian renewable energy, introducing Canadian Solar's specially developed anti-hail technology designed to protect solar panels in extreme weather conditions. The technology, tested extensively, aims to enhance solar panel durability in challenging environments.

Flow Power's General Manager Energy Projects, Tom Harrison, emphasized their commitment to building smarter, more resilient energy solutions. The partnership between Canadian Solar and Flow Power is expected to expand to multiple sites across Australia, with installation of the solar modules beginning in the coming months.

Canadian Solar (NASDAQ: CSIQ) reported its Q4 and full year 2024 results, highlighting both achievements and challenges. The company achieved record energy storage shipments of 2.2 GWh in Q4, with an expanded pipeline of 79 GWh and $3.2 billion in contracted backlog.

Key 2024 metrics include 31.1 GW of solar module shipments and 6.6 GWh of energy storage shipments (500% YoY increase). Q4 revenue was $1.5 billion with a 14.3% gross margin. Net income was $34 million ($0.48 per diluted share), positively impacted by $132 million from tax equity arrangements.

Despite industry-wide challenges including intense competition and policy uncertainties, the company maintained relatively strong profitability in its modules business. The company ended 2024 with $2.3 billion in cash and $5.2 billion in total debt. Capital expenditures for 2024 were $1.1 billion.