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Canadian Solar’s CSI Solar Flags 2025 Profit Slump on Weak Module Shipments, Tariff Pressure

Story Highlights
  • CSI Solar’s unaudited 2025 results show sharp declines in revenue and profit amid weaker module shipments and margin pressure.
  • Despite industry oversupply, CSI Solar boosted shareholder equity and leaned on energy storage growth and a profit-first strategy in key markets.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Canadian Solar’s CSI Solar Flags 2025 Profit Slump on Weak Module Shipments, Tariff Pressure

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The latest announcement is out from Canadian Solar ( (CSIQ) ).

Canadian Solar’s subsidiary CSI Solar has released unaudited preliminary 2025 results, showing that in 2025 operating revenue fell 12.8% year on year to RMB 40.26 billion and net profit attributable to shareholders dropped 54.6% to RMB 1.02 billion, with basic EPS sliding to RMB 0.28. While total assets were broadly flat, equity attributable to shareholders rose 2.6%, as the company absorbed weaker module shipments, higher tariffs and manufacturing costs, partly offset by growing energy storage revenue and strategic prioritization of high-value markets amid an oversupplied, highly competitive PV sector.

Management said 2025 performance was hit by lower module volumes, margin pressure and reduced non-recurring gains such as subsidies, even as energy storage backlogs moved into execution and monetization, supporting profitability. Against a continuing supply-demand imbalance and rising external uncertainties in the photovoltaic industry, CSI Solar pursued a “profit-first” strategy, optimizing shipment mix, focusing on key regions and long-term customers to maintain and expand market share, while warning that the figures, disclosed on February 28, 2026, are preliminary and subject to change once audited annual results are published.

The most recent analyst rating on (CSIQ) stock is a Sell with a $20.00 price target. To see the full list of analyst forecasts on Canadian Solar stock, see the CSIQ Stock Forecast page.

Spark’s Take on CSIQ Stock

According to Spark, TipRanks’ AI Analyst, CSIQ is a Neutral.

The score is held back primarily by weak financial performance (sharp revenue decline, high leverage, and negative operating/free cash flow). Technicals also remain bearish with the stock below key moving averages and negative MACD. Offsetting these, the latest earnings call showed strength in energy storage and solid revenue execution, but cash burn, rising debt, and litigation risk keep the overall profile cautious.

To see Spark’s full report on CSIQ stock, click here.

More about Canadian Solar

Canadian Solar Inc., through its majority-owned subsidiary CSI Solar Co., Ltd., operates in the global solar photovoltaic and battery energy storage industry, supplying solar modules, integrated storage solutions and related services. CSI Solar is listed on Shanghai’s Sci-Tech Innovation Board, and Canadian Solar holds about 64% of the unit, using it as a key platform for international solar and storage markets.

Average Trading Volume: 3,363,188

Technical Sentiment Signal: Hold

Current Market Cap: $1.43B

See more data about CSIQ stock on TipRanks’ Stock Analysis page.

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