From Financial Modeling Prep: 2024-12-05 10:33:00

Canadian Solar (NASDAQ:CSIQ) shares dropped 5% in pre-market trading due to a wider-than-expected Q3 loss and a subdued Q4 outlook. Q3 saw a $0.21 loss per share, missing analyst expectations, with revenue down 18% to $1.51 billion. Q4 revenue is projected to be $1.5-1.7 billion, below the $2.15 billion estimate, attributed to industry challenges.

Canadian Solar achieved a milestone with a record $3.2 billion energy storage backlog and a $500 million investment from BlackRock. Despite operating challenges, the company’s energy storage business growth and strategic investments could offer long-term opportunities in a tough industry landscape.



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