Canadian Solar (NASDAQ: CSIQ) reported Q1 EPS of $0.19, $0.20 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.35 billion.

GUIDANCE:

Canadian Solar sees Q2 2024 revenue of $1.5-1.7 billion, versus the consensus of $2.086 billion. Gross margin is expected to be between 16% and 18%. Total module shipments recognized as revenues by CSI Solar are expected to be in the range of 7.5 GW to 8.0 GW, including approximately 100 MW to the Company\'s own projects. Total battery energy storage shipments by CSI Solar in the second quarter of 2024 are expected to be between 1.4 GWh to 1.6 GWh, including about 800 MWh to the Company\'s own projects.

For the full year of 2024, the Company expects total module shipments to be in the range of 35 GW to 40 GW and CSI Solar\'s total battery energy storage shipments in the range of 6.0 GWh to 6.5 GWh, including approximately 2 GW and 2.5 GWh respectively to the Company\'s own projects. The Company\'s total revenue is expected to be in the range of $7.3 billion to $8.3 billion.

For earnings history and earnings-related data on Canadian Solar (CSIQ) click here.