Canadian Solar's Q3: Record Energy Storage, Profitable Expansion
Update: 2025-11-13
Description
Canadian Solars Q3 earnings impress with record battery energy storage shipments, driving a 12% share price increase. Despite slightly below-par earnings per share, gross margin exceeded expectations. The e-STORAGE division shipped 2.7 GWh, surpassing targets and growing the backlog to $3.1 billion. The company plans to maintain profitability by focusing on high-margin markets and expanding manufacturing in the US.
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