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Canadian Solar Inc (CSIQ)
NASDAQ:CSIQ
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.88Last Year’s EPS
0.19Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 25, 2025
|% Change Since: -4.85%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging year for Canadian Solar, with significant achievements in energy storage growth and strategic manufacturing expansions being offset by financial pressures from market downturns, tariff impacts, and asset impairments.Company Guidance
During Canadian Solar's Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for the upcoming fiscal periods, emphasizing several key metrics. The first quarter of 2025 is expected to see module shipments between 6.4 and 6.7 gigawatts and energy storage deliveries of around 800 megawatt hours. Revenue projections for Q1 range from $1 billion to $1.2 billion, with a gross margin anticipated between 9% and 11%. For the full year of 2025, Canadian Solar reaffirmed its volume guidance, predicting module shipments of 30 to 35 gigawatts and energy storage shipments of 11 to 13 gigawatt hours, aiming for a total revenue between $7.3 billion and $8.3 billion. The company acknowledged ongoing challenges such as geopolitical uncertainties and market consolidation but expressed confidence in their strategic initiatives to enhance margins and leverage their US manufacturing capabilities.Record Energy Storage Growth
Energy storage shipments reached 6.6 GWh for the year, representing a more than 500% year-over-year increase.
Strategic U.S. Manufacturing Expansion
Continued progress on manufacturing facilities in Mesquite, Texas, and Jeffersonville, Indiana, to enhance domestic production capabilities.
Resilience in Challenging Market
Despite a difficult operating environment, Canadian Solar maintained relatively strong profitability and achieved $6.5 billion in full-year revenue with an 18.4% gross margin.
Strong Project Development and Execution
Successful execution with 1.3 GW of solar projects brought to commercial operation and a significant project pipeline of 25 GW of solar and 75 GWh of energy storage.
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CSIQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CSIQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 25, 2025 | $9.70 | $9.76 | +0.62% |
| Dec 05, 2024 | $12.07 | $11.46 | -5.05% |
| Aug 22, 2024 | $14.56 | $12.28 | -15.66% |
| May 09, 2024 | $17.60 | $17.28 | -1.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Canadian Solar Inc (CSIQ) report earnings?
Canadian Solar Inc (CSIQ) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is Canadian Solar Inc (CSIQ) earnings time?
Canadian Solar Inc (CSIQ) earnings time is at May 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSIQ EPS forecast?
CSIQ EPS forecast for the fiscal quarter 2025 (Q1) is -0.88.
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