Canadian Solar Posts Loss In Q1
From Nasdaq.: 2025-05-15 06:16:00
Canadian Solar (CSIQ) reported a first quarter net loss of $34 million, compared to net income of $12 million last year. Adjusted net loss was $60 million, with adjusted loss per share of $1.07. Net revenues were $1.2 billion, down 10% due to lower sales of energy storage systems and solar modules. The company expects second quarter revenue between $1.9 billion and $2.1 billion, with a gross margin of 23-25%. Visit rttnews.com for more earnings news and calendar updates.
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