Canadian Solar (CSIQ) Company Report

Recurrent Energy, a subsidiary of Canadian Solar Inc., has been granted a Development Consent Order (DCO) for its Tillbridge solar and battery energy storage project in Lincolnshire, England.
The project will combine 800 MW of solar PV and 500 MW / 1,000 MWh of battery energy storage, positioning it to be one of the largest hybrid solar and storage facilities in the United Kingdom once operational.
This DCO represents a major milestone in Recurrent Energy's UK growth strategy and is expected to generate approximately 857.6 GWh of clean electricity annually, sufficient to power nearly 300,000 UK homes.
The project is also anticipated to create around 1,250 jobs during its construction phase.

5 days ago

Press Release

Canadian Solar to Resume Direct Oversight of U.S. Manufacturing and Operations

CSIQ

New Projects/Investments

M&A

Canadian Solar Inc. (CSIQ) announced a strategic initiative to resume direct oversight of its U.S. operations and reshoring manufacturing to North America.
The company will form new joint ventures, including CS PowerTech, in which Canadian Solar will hold a 75.1% controlling stake for U.S.-based manufacturing and sales of solar modules, cells, and advanced energy storage systems.
Canadian Solar will acquire 75.1% ownership of certain overseas facilities that support U.S. operations from its majority-owned subsidiary, CSI Solar Co., Ltd., for approximately $50 million.
This initiative is a related-party transaction and remains subject to the Company's board approval and CSI Solar minority shareholder approval.

6 days ago

6-K

Canadian Solar Announces U.S. Operations Reshoring and New Joint Venture

CSIQ

New Projects/Investments

M&A

Canadian Solar Inc. will resume direct oversight of its U.S. operations and continue reshoring manufacturing to North America.
The company will form CS PowerTech, a new joint venture where Canadian Solar will hold a 75.1% controlling stake, to manage U.S.-based manufacturing and sales of solar modules, solar cells, and advanced energy storage systems.
Canadian Solar will acquire 75.1% ownership of certain overseas facilities that support U.S. operations from its majority-owned subsidiary, CSI Solar, for approximately $50 million.
This initiative is intended to build a resilient, transparent, and diversified domestic supply chain in North America, creating jobs and attracting investment.
The proposed adjustments are a related-party transaction and are subject to the Company's board approval and CSI Solar minority shareholder approval.

6 days ago

Press Release

Canadian Solar Forms US JV to Resume Direct Solar Operations

CSIQ

New Projects/Investments

M&A

Canadian Solar is restructuring its U.S. solar panel and energy storage operations by creating a new joint venture, CS PowerTech, in which it will hold a 75.1% controlling stake alongside American shareholders.
This strategic move involves transferring U.S. business assets and certain overseas facilities from its majority-owned Chinese subsidiary, CSI Solar, to the Canadian Solar parent company to ensure compliance with U.S. regulatory scrutiny and safeguard its long-term market presence.
The asset transfer includes three overseas factories supporting U.S. operations, with a combined valuation of around $50 million (CNY 469 million).
Canadian Solar’s subsidiary e-STORAGE has shipped over 16 GWh of battery energy storage solutions globally as of September 30, 2025, and holds a $3.1 billion contracted backlog as of October 31, 2025.

6 days ago

Bloomberg

Canadian Solar Reports Q3 2025 Results and Provides 2026 Guidance

CSIQ

Earnings

Guidance Update

New Projects/Investments

Canadian Solar reported Q3 2025 revenue of $1.5 billion and a gross margin of 17.2%, with module shipments of 5.1 gigawatts and a record 2.7 gigawatt-hours of energy storage shipments. Net income attributable to shareholders was $9 million, or a net loss of $0.07 per diluted share.
The company provided Q4 2025 guidance including revenue between $1.3 billion and $1.5 billion and a gross margin of 14%-16%. For full-year 2026, they project total module shipments of 25-30 gigawatts and energy storage shipments of 14-17 gigawatt-hours.
Strategic initiatives include U.S. manufacturing investments, with a solar cell factory in Indiana expected to begin production in Q1 2026 and a lithium battery energy storage factory in Kentucky on track to start production at year-end 2026.
Recurrent Energy, the project development subsidiary, will increase project ownership sales in 2026 to accelerate cash recycling and manage debt, balancing this with the growth of its operational project fleet.
The residential energy storage segment is on track to become profitable in 2025 and is expanding into new markets like Germany and Australia.

Nov 13, 2025, 1:00 PM

Transcript

Canadian Solar Reports Q3 2025 Results

CSIQ

Earnings

Guidance Update

New Projects/Investments

Canadian Solar reported $1.5 billion in revenue for Q3 2025, with a gross margin of 17.2% and a diluted loss per share of $0.07.
Total module shipments reached 5.1 GW and total storage shipments were 2.7 GWh in Q3 2025.
For Q4 2025, the company anticipates revenue between $1.3 billion and $1.5 billion and a gross margin of 14% to 16%.
The company is progressing with U.S. manufacturing, with its Indiana solar cell factory Phase I expected to begin production in Q1 2026 and the Kentucky battery factory Phase I in Q4 2026.

Nov 13, 2025, 1:00 PM

Presentation

Canadian Solar Reports Q3 2025 Results and Provides 2026 Guidance

CSIQ

Earnings

Guidance Update

New Projects/Investments

Canadian Solar reported Q3 2025 revenue of $1.5 billion and a gross margin of 17.2%, resulting in net income attributable to shareholders of $9 million or a net loss of $0.07 per diluted share.
The company achieved record quarterly energy storage shipments of 2.7 gigawatt-hours and solar module shipments of 5.1 gigawatts in Q3 2025.
Strategic investments include a US solar cell factory in Indiana expected to begin production in Q1 2026 and a lithium battery energy storage factory in Kentucky on track to start production by year-end 2026. The residential energy storage segment is also on track to become profitable in 2025.
For Q4 2025, Canadian Solar projects revenue between $1.3-$1.5 billion and a gross margin of 14%-16%. For full-year 2026, total module shipments are expected to be 25-30 gigawatts and energy storage shipments 14-17 gigawatt-hours.
The company plans to increase project ownership sales in 2026 to accelerate cash recycling and manage overall debt levels.

Nov 13, 2025, 1:00 PM

Transcript

Canadian Solar Reports Q3 2025 Results, Provides Q4 2025 and FY 2026 Guidance

CSIQ

Earnings

Guidance Update

New Projects/Investments

Canadian Solar reported Q3 2025 total revenue of $1.5 billion and a gross margin of 17.2%, resulting in net income attributable to shareholders of $9 million or a net loss of $0.07 per diluted share.
The company achieved record quarterly energy storage shipments of 2.7 GWh and solar module shipments of 5.1 GW in Q3 2025.
For Q4 2025, Canadian Solar anticipates revenue between $1.3 billion and $1.5 billion and a gross margin of 14%-16%.
Looking to 2026, the company projects total module shipments of 25 GW-30 GW and energy storage shipments of 14 GWh-17 GWh.
Significant progress is being made in U.S. manufacturing, with the Indiana solar cell factory expected to start production in Q1 2026 and the Kentucky battery energy storage factory by 2026 year-end. The company also plans to increase project ownership sales in 2026 to enhance cash recycling and manage debt.

Nov 13, 2025, 1:00 PM

Transcript

Canadian Solar Inc. Reports Q3 2025 Results and Provides Outlook

CSIQ

Earnings

Guidance Update

New Projects/Investments

Canadian Solar Inc. reported net revenues of $1.5 billion for Q3 2025, which was at the high end of guidance, and achieved a gross margin of 17.2%, exceeding expectations.
The company's e-STORAGE segment recorded 2.7 GWh in quarterly battery energy storage shipments, surpassing guidance, and its contracted backlog increased to $3.1 billion as of October 31, 2025.
GAAP net income attributable to Canadian Solar for Q3 2025 was $9 million, resulting in a net loss of $0.07 per diluted share.
For Q4 2025, the company anticipates total revenue to be in the range of $1.3 billion to $1.5 billion with a gross margin between 14% and 16%. For the full year 2026, CSI Solar's total module shipments are projected to be 25 GW to 30 GW, and total battery energy storage shipments are expected to be 14 GWh to 17 GWh.

Nov 13, 2025, 11:23 AM

6-K

Canadian Solar Reports Q3 2025 Results with Strong Revenue and Record Energy Storage Shipments

CSIQ

Earnings

Guidance Update

New Projects/Investments

Canadian Solar reported net revenues of $1.5 billion for the third quarter ended September 30, 2025, which was at the high end of its guidance, and a gross margin of 17.2%, exceeding expectations.
The company achieved record quarterly battery energy storage shipments of 2.7 GWh in Q3 2025, with e-STORAGE's contracted backlog increasing to $3.1 billion as of October 31, 2025.
For Q4 2025, Canadian Solar expects total revenue to be in the range of $1.3 billion to $1.5 billion and gross margin between 14% and 16%.
Looking ahead to the full year 2026, the company projects CSI Solar's total module shipments to be in the range of 25 GW to 30 GW and total battery energy storage shipments to be 14 GWh to 17 GWh.
Construction of U.S. manufacturing facilities is on track, with the solar cell factory in Indiana expected to begin production in March 2026 and the lithium battery energy storage factory in Kentucky in December 2026.