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Benzinga
Benzinga
Business
Robert Kuczmarski

Biden's Inflation Act Is Paying Off. Analyst Sees 36% Upside For This Alt Energy Play

Canadian Solar Inflation Canadian Solar Inc CSIQ Nasdaq Di Poce

Canadian Solar Inc (NASDAQ:CSIQ) has been performing exceptionally well in the first half of 2022 as the stock performance is up roughly 34% year-to-date.

The Canadian solar power company saw 85% growth in revenue compared to the prior year's second quarter, totaling $2.31 billion and doubled its gross profit to $371 million, achieving a gross margin of 16%.

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