Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company's primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada.
IPO Year: 2006
Exchange: NASDAQ
Website: canadiansolar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/25/2025 | $9.00 | Buy → Neutral | Roth Capital |
| 4/17/2025 | $8.00 | Sell → Neutral | Citigroup |
| 12/17/2024 | $14.00 → $11.00 | Neutral → Sell | Goldman |
| 12/13/2024 | $20.00 | Outperform | Mizuho |
| 11/22/2024 | $14.15 | Buy | Jefferies |
| 10/22/2024 | $19.00 → $11.00 | Neutral → Sell | Citigroup |
| 8/23/2024 | $43.00 → $27.00 | Outperform | Oppenheimer |
| 3/11/2024 | $21.00 | Neutral | Daiwa Securities |
| 12/18/2023 | $25.00 | Sell → Neutral | Goldman |
| 11/15/2023 | $32.00 → $22.00 | Neutral → Underweight | JP Morgan |
Roth Capital downgraded Canadian Solar from Buy to Neutral and set a new price target of $9.00
Citigroup upgraded Canadian Solar from Sell to Neutral and set a new price target of $8.00
Goldman downgraded Canadian Solar from Neutral to Sell and set a new price target of $11.00 from $14.00 previously
Mizuho initiated coverage of Canadian Solar with a rating of Outperform and set a new price target of $20.00
Jefferies initiated coverage of Canadian Solar with a rating of Buy and set a new price target of $14.15
Citigroup downgraded Canadian Solar from Neutral to Sell and set a new price target of $11.00 from $19.00 previously
Oppenheimer reiterated coverage of Canadian Solar with a rating of Outperform and set a new price target of $27.00 from $43.00 previously
Daiwa Securities initiated coverage of Canadian Solar with a rating of Neutral and set a new price target of $21.00
Goldman upgraded Canadian Solar from Sell to Neutral and set a new price target of $25.00
JP Morgan downgraded Canadian Solar from Neutral to Underweight and set a new price target of $22.00 from $32.00 previously
6-K - Canadian Solar Inc. (0001375877) (Filer)
SD - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
SCHEDULE 13G/A - Canadian Solar Inc. (0001375877) (Subject)
20-F - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
6-K - Canadian Solar Inc. (0001375877) (Filer)
SCHEDULE 13G/A - Canadian Solar Inc. (0001375877) (Subject)
6-K - Canadian Solar Inc. (0001375877) (Filer)
KITCHENER, ON, June 20, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced that it held its Annual Meeting of Shareholders on June 20, 2025. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: The election of Shawn (Xiaohua) Qu, Yan Zhuang, Harry E. Ruda, Andrew (Luen Cheung) Wong, Lauren C. Templeton, Leslie Li Hsien Chang, and Yuan Yuan Zhang Qu each as a director of the Company until the next annual meeting of shareholders of the Company or until their successors are elected or appointed;The re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the
KITCHENER, ON, June 3, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced that e-STORAGE, which is part of the Company's majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar"), has successfully completed Large-Scale Fire Testing (LSFT) for its SolBank 3.0 energy storage system. The successful test demonstrated that SolBank 3.0 meets key fire safety criteria by containing thermal events within a single enclosure, providing enhanced safety assurance for utility-scale deployments. The test was conducted under the CSA C-800:25 §9.7 Large-Scale Fire Testing (LSFT) protocol—a rigorous, industry-recognized standard used to evaluate how a
KITCHENER, ON, May 29, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced the release of its 2024 Sustainability Report. This report highlights the Company's sustainability strategy and performance, including progress towards achieving its sustainability goals. The sustainability disclosures in this report are aligned with global standards set by the SASB (the Sustainability Accounting Standards Board) and Global Reporting Initiative (GRI), with reference to the IFRS (the International Financial Reporting Standards) set by the ISSB (International Sustainability Standards Board). The full report is available here. Highlights of the rep
KITCHENER, Ontario, May 15, 2025 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ:CSIQ) today announced financial results for the first quarter ended March 31, 2025. First Quarter Highlights 9.4% year-over-year ("yoy") increase in solar module shipments to 6.9 GW, above guidance of 6.4 GW to 6.7 GW.Net revenues of $1.2 billion, at the high end of $1.0 billion to $1.2 billion guidance.11.7% gross margin, exceeding guidance of 9% to 11%.Expanded e-STORAGE pipeline to record 91 GWh, including $3.2 billion in contracted backlog, as of March 31, 2025.Recurrent Energy grew its global solar and battery energy storage project development pipelines to approximately 27
KITCHENER, ON, May 6, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced the launch of its new N-type high power TOPBiHiKu CS6.2 module series for both Utility and Commercial & Industrial Systems. Based on the latest TOPCon cell technology, the module delivers a maximum power output up to 660 Wp and a conversion efficiency of up to 24.4%. Canadian Solar is beginning with its global deliveries in August 2025. The TOPCon 2.0 module series integrates cutting-edge innovations to maximize energy yield and system value for maximum system performance and output with the following key technical innovations: Fine line printing: Reduces finger w
KITCHENER, ON, May 6, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced that e-STORAGE, which is part of the Company's majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar"), will officially launch its SolBank 3.0 Plus battery energy storage product at Intersolar Europe. SolBank 3.0 Plus is e-STORAGE's next technological advancement in its successful SolBank battery solutions product line offering. SolBank 3.0 Plus uses enhancements to the Lithium-Ion Phosphate (LFP) battery cell manufacturing processes to bring the battery performance to a new level over the already successful SolBank 3.0. In doing so, e-STORAGE can offer its c
KITCHENER, ON, May 2, 2025 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ:CSIQ) today announced that it will hold a conference call on Thursday, May 15, 2025, at 8:00 a.m. U.S. Eastern Time (8:00 p.m., May 15, 2025, in Hong Kong) to discuss the Company's first quarter 2025 results and business outlook. The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), 800 965 561 (from Hong Kong), +86 400 120 2840 (local dial-in from Mainland China) or +1-201-389-0920 from international locations. The conference ID is 13753335. A live webcast of the conference call will also be available on the investor relations section of Canadian
KITCHENER, ON, April 30, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ:CSIQ), today announced the filing of its annual report on Form 20-F for the year ended on December 31, 2024 with the U.S. Securities and Exchange Commission ("SEC"). The annual report on Form 20-F can be accessed on the Company's Investor Relations website at www.canadiansolar.com or on the SEC's website at www.sec.gov. About Canadian Solar Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy
Flexible, multi-currency facility strengthens Recurrent Energy's financial position, as it scales its global renewable energy portfolio. KITCHENER, ON, April 30, 2025 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ:CSIQ) and a leading global developer, owner, and operator of solar and energy storage assets, announced today that it has secured a multi-currency credit facility valued at up to US$415 million, backed by a consortium of four major banks. This corporate facility offers a flexible and scalable financing solution aligned with Recurrent Energy's strategy to expand its independent power producer (IPP) portfolio across diverse geographi
KITCHENER, ON, April 29, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced that its residential energy storage system, EP Cube, has won the prestigious 2025 iF Design Award and Gold at the 2025 MUSE Design Awards. Both the iF Design Award and MUSE Design Award highlight the innovative and outstanding design of EP Cube, which stood out among tens of thousands of submissions from over 60 countries. EP Cube is designed by Eternalplanet, a subsidiary of Canadian Solar. EP Cube's minimalist aesthetic blends metal finishes with rounded edges. Its ultra-slim body ensures easy installation. With quick connectors replacing conventional cables
KITCHENER, ON, June 20, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced that it held its Annual Meeting of Shareholders on June 20, 2025. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: The election of Shawn (Xiaohua) Qu, Yan Zhuang, Harry E. Ruda, Andrew (Luen Cheung) Wong, Lauren C. Templeton, Leslie Li Hsien Chang, and Yuan Yuan Zhang Qu each as a director of the Company until the next annual meeting of shareholders of the Company or until their successors are elected or appointed;The re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the
GUELPH, ON, June 21, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), today announced that it held its Annual Meeting of Shareholders on June 21, 2024. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: The election of Shawn (Xiaohua) Qu, Harry E. Ruda, Lauren C. Templeton, Andrew (Luen Cheung) Wong, Leslie Li Hsien Chang, Yan Zhuang, and Xinbo Zhu each as a director of the Company until the next annual meeting of shareholders of the Company or until their successors are elected or appointed;The re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the auditors of
GUELPH, ON, July 14, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced Mr. Jianyi Zhang's retirement as the Company's Chief Legal Officer, Chief Compliance Officer and Corporate Secretary, effective immediately. During his seven years at Canadian Solar, Mr. Zhang championed business integrity and led our legal team to excellence in complex matters in Canadian Solar's markets. Mr. Zhang has been succeeded in his roles by Mr. Kah Locke Tham as Corporate Secretary, and Mr. Jeffrey Kalikow as Interim Chief Compliance Officer until a successor is appointed. Mr. Tham is currently also the Company's Global Corporate Controller, and Mr. Kaliko
GUELPH, ON, June 28, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), today announced that it held its Annual Meeting of Shareholders on June 28, 2023. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: 1. The election of Dr. Shawn (Xiaohua) Qu, Dr. Harry E. Ruda, Mr. Andrew (Luen Cheung) Wong, Mr. Lap Tat Arthur Wong, Ms. Lauren C. Templeton, Mr. Leslie Li Hsien Chang, Mr. Yan Zhuang and Dr. Huifeng Chang each as a director of the Company until the next annual meeting of shareholders of the Company or until their successors are elected or appointed; 2. The re-appointment of Deloitte Tou
GUELPH, Ontario, June 22, 2022 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), today announced that it held its Annual and Special Meeting of Shareholders on June 22, 2022. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: 1. The election of Dr. Shawn (Xiaohua) Qu, Dr. Harry E. Ruda, Mr. Andrew (Luen Cheung) Wong, Mr. Lap Tat Arthur Wong, Ms. Lauren C. Templeton, Mr. Karl E. Olsoni, Mr. Leslie Li Hsien Chang, Mr. Yan Zhuang and Dr. Huifeng Chang each as a director of the Company until the next annual meeting of shareholders of the Company or until their successors are elected or appointe
TORONTO, May 17, 2022 /PRNewswire/ - Westbridge Energy Corporation (TSXV:WEB) (OTCQB:WEGYF) (FRA: PUQ3) ("Westbridge" or the "Company") is pleased to announce the appointment of Mr. Pandelis Vassilakakis to the role of Chief Business Development Officer to oversee the expansion of its solar PV portfolio. Westbridge currently has projects in Canada, the United States and the United Kingdom. Mr. Vassilakakis' track record in the renewable energy industry includes developing and building over 5 GW of solar PV and wind farms over the span of his 17-year career. Mr. Vassilakakis se
GUELPH, Ontario, June 23, 2021 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), today announced that it held its Annual Meeting of Shareholders on June 23, 2021. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: The setting of the number of directors to hold office of the Company for the ensuing year at nine (9); The election of Dr. Shawn (Xiaohua) Qu, Dr. Harry E. Ruda, Mr. Andrew (Luen Cheung) Wong, Mr. Arthur (Lap Tat) Wong, Ms. Lauren C. Templeton, Mr. Karl E. Olsoni, Mr. Leslie (Li Hsien) Chang, Mr. Yan Zhuang and Dr. Huifeng Chang each as a director of the Company until the next annual
GUELPH, Ontario, June 23, 2021 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ), today announced that it held its Annual Meeting of Shareholders on June 23, 2021. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: The setting of the number of directors to hold office of the Company for the ensuing year at nine (9); The election of Dr. Shawn (Xiaohua) Qu, Dr. Harry E. Ruda, Mr. Andrew (Luen Cheung) Wong, Mr. Arthur (Lap Tat) Wong, Ms. Lauren C. Templeton, Mr. Karl E. Olsoni, Mr. Leslie (Li Hsien) Chang, Mr. Yan Zhuang and Dr. Huifeng Chang each as a director of the Company until the next annual