Canadian Solar (CSIQ) has released an update.
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Canadian Solar Inc. has reported robust second quarter 2024 results, surpassing shipment expectations with 8.2 GW of solar modules and hitting revenue targets with $1.6 billion, aligned with a gross margin of 17.2%. The company is experiencing sustainable growth through its e-STORAGE business and Recurrent Energy project development platform, further highlighted by strategic investments and a focus on corporate sustainability. Despite industry challenges, they have maintained profitability and seek to optimize their capital structure for future flexibility.
For further insights into CSIQ stock, check out TipRanks’ Stock Analysis page.
