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.
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.
What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Dec. 16-20, 2024.
Canadian Solar Inc. (CSIQ) reported lower Q3 2024 results and missed expectations. Revenue declined 18%, gross margin down 20%, EPS at $(0.31). Cash position of $2.8B.
What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Oct. 21-25, 2024.
Solar's performance in 2024 has been weak, with stocks down over 25%. However, on Friday, solar stocks traded well, possibly due to potential Chinese policy changes.
