Canadian Solar ( (CSIQ) ) has shared an announcement.
CSI Solar Co., Ltd., a subsidiary of Canadian Solar Inc., reported its preliminary financial results for 2024, revealing a 10.03% decline in operating revenue and a 21.09% decrease in net profit compared to the previous year. Despite challenges such as reduced module prices and geopolitical impacts, the company leveraged its strong international capabilities and growing utility-scale battery energy storage business to maintain profitability and financial stability. The company achieved a significant increase in battery energy storage shipments, reflecting its strategic focus on expanding in global markets such as North America, Europe, and Australia.
More about Canadian Solar
Canadian Solar Inc. operates in the renewable energy industry, focusing on solar power solutions. The company is primarily engaged in the manufacturing of solar photovoltaic modules and the development of solar power projects. It has a significant market presence and is expanding its footprint in the global utility-scale battery energy storage market.
YTD Price Performance: -2.49%
Average Trading Volume: 1,705,340
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $776.9M
See more data about CSIQ stock on TipRanks’ Stock Analysis page.