Canadian Solar (CSIQ) Misses Q1 EPS by 5c, Revenues Beat

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Canadian Solar Reports First Quarter 2021 Results

May 20, 2021 6:00 AM EDT

GUELPH, ON, May 20, 2021 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the quarter ended March 31, 2021.

Highlights

Solar module shipments of 3.1 GW in the first quarter of 2021, compared to guidance of 3.0 GW to 3.2 GW. Revenue increased 32% year-over-year ("yoy") to $1.1 billion, compared to guidance of $1.0 billion to $1.1 billion. Gross margin of 17.9%, compared to guidance range of 16% to 18%. Net income attributable to Canadian Solar of $23... More