Canadian Solar (CSIQ) has released an update.
Canadian Solar Inc. reports a 18.88% decline in operating revenue and a 36.98% drop in net profit attributable to shareholders in the first quarter of 2024 compared to the previous year. Despite a challenging international trade environment and lower solar module prices, the company saw a 3.28% increase in module shipments and significant growth in its battery energy storage business. The company is committed to enhancing its market position by focusing on technological innovation in solar and energy storage solutions.
For further insights into CSIQ stock, check out TipRanks’ Stock Analysis page.
