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Benzinga

Business

Akanksha Bakshi

Canadian Solar Margins Shrink In Q3, Stock Slides

Canadian Solar CSIQ Canadian Solar Inc

Canadian Solar Inc. (NASDAQ:CSIQ) shares are trading lower after the company reported third-quarter 2024 results below street expectations.

The company reported an 18% year-over-year revenue decline to $1.51 billion, missing the consensus estimate of $1.71 billion. The decline reflects lower module ASPs and reduced project sales, partially offset by increased sales of battery energy storage solutions and higher solar module shipment volumes.

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One subscription that gives you access to news from hundreds of sites

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