Canadian Solar (CSIQ) has released an update.
CSI Solar Co., Ltd. reports robust profitability in the first half of 2024, with net profits expected to reach up to RMB 1.40 billion, marking two consecutive quarters of growth. The company attributes its success to a balance between its photovoltaic business, where it selectively maintains profitability, and its rapidly expanding battery energy storage solutions, where it anticipates a 500% increase over the previous year’s shipments. As CSI Solar continues to innovate and expand into new markets, including residential energy storage and power electronics, it solidifies its position as a leader in sustainable energy solutions.
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