Canadian Solar (CSIQ) Misses Q4 EPS by 16c; Hikes 2022 Revenue Estimates

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Go back to Canadian Solar (CSIQ) Misses Q4 EPS by 16c; Hikes 2022 Revenue Estimates

Canadian Solar Reports Fourth Quarter and Full Year 2021 Results

March 17, 2022 6:00 AM EDT

GUELPH, Ontario, March 17, 2022 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the fourth quarter and full year ended December 31, 2021.

Fourth Quarter 2021 Highlights

Solar module shipments of 3.8 GW, in line with guidance of 3.7 GW to 3.9 GW. 47% increase in revenue year-over-year ("yoy") to $1.53 billion, in line with guidance of $1.5 billion to $1.6 billion. 19.7% gross margin exceeds guidance range of 14% to 16%. Net income attributable... More