Canadian Solar Inc. is a leading global provider of solar energy solutions, specializing in the design, manufacturing, and sale of photovoltaic modules and solar power systems. The company focuses on delivering high-quality solar products and services, including utility-scale solar power plants, commercial and residential solar solutions, and energy storage systems. By leveraging advanced technology and a commitment to sustainability, Canadian Solar aims to promote the adoption of renewable energy and contribute to a greener future. Their extensive portfolio and global presence position them as a key player in the solar energy industry, helping meet the growing demand for clean energy alternatives worldwide. Read More
Enphase Energy (NASDAQ: ENPH) signed a new safe harbor agreement for $50 million in revenue, securing its role in the TPO segment. Policy changes are mitigated through these deals.
Canadian Solar shares are trading higher Monday afternoon. Canadian Solar's Recurrent Energy unit brought its 1,200 MWh Arizona energy storage project online.
Canadian Solar reported 10.6% decline in net revenue and 2% increase in gross profit, driven by higher battery and project sales. Q1 outlook: revenue of $1.0-1.2B, gross margin of 9-11%.
Earlier, analysts at GLJ Research trimmed their price target for Canadian Solar, citing solar oversupply risks and the company’s inability to sell projects profitably.
