Canadian Solar (CSIQ) has released an update.
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Canadian Solar Inc. announced a solid first quarter for 2024, with solar module shipments of 6.3 GW and net revenues of $1.3 billion, aligning with their forecasts. The company’s gross margin hit the high end of their guidance at 19.0%, and they reported a net income of $12 million. They also highlighted the strategic appointment of Mr. Xinbo Zhu as the new CFO and the rapid growth of their e-STORAGE platform, which outperformed the total revenue of the previous year.
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