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.
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