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Canadian Solar Q1 2023 Earnings Report

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$11.28 -0.07 (-0.62%)
As of 02/21/2025 04:00 PM Eastern

Canadian Solar EPS Results

Actual EPS
$1.19
Consensus EPS
$0.48
Beat/Miss
Beat by +$0.71
One Year Ago EPS
$0.14

Canadian Solar Revenue Results

Actual Revenue
$1.70 billion
Expected Revenue
$1.71 billion
Beat/Miss
Missed by -$6.40 million
YoY Revenue Growth
+36.10%

Canadian Solar Announcement Details

Quarter
Q1 2023
Time
Before Market Opens

Conference Call Resources

Canadian Solar Earnings Headlines

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About Canadian Solar

Canadian Solar (NASDAQ:CSIQ), together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. It offers standard solar modules and battery storage solutions; solar system kits, such as inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction (EPC) services, as well as operates battery energy storage projects. The Recurrent Energy segment engages in the development, construction, maintenance, and sale of solar power and battery storage projects; and operation of solar power plants; and sale of electricity. This segment provides operation and maintenance (O&M) services, including monitoring, inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar projects, as well as asset management services. It has a fleet of solar and battery energy storage plants in operation with an aggregate capacity of approximately 1,005 MWp and 600 MWh. It serves distributors, system integrators, project developers, and installers/EPC companies, as well as utility companies or grid operators, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial or government end users. It sells its products primarily under its Canadian Solar brand name. Canadian Solar Inc. was incorporated in 2001 and is based in Guelph, Canada.

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