Canadian Solar (CSIQ) has released an update.
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Canadian Solar reported a mixed third quarter for 2024, with a net loss of $14 million despite a gross margin of 16.4% and a record $3.2 billion in e-STORAGE backlog. The company secured significant investments and contracts, including a $500 million investment from BlackRock, while expanding its market presence globally. However, challenges such as permitting delays and reduced project sales impacted overall financial performance.
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