Canadian Solar (CSIQ) Tops Q1 EPS by 27c

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Go back to Canadian Solar (CSIQ) Tops Q1 EPS by 27c

Canadian Solar Reports First Quarter 2022 Results

May 24, 2022 6:00 AM EDT

GUELPH, ON, May 24, 2022 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2022.

Highlights

Solar module shipments of 3.63 GW, in line with guidance of 3.6 GW to 3.8 GW. 15% increase in revenue year-over-year ("yoy") to $1.25 billion, in line with guidance of $1.25 billion to $1.35 billion. 14.5% gross margin, in line with guidance of 14.5% to 15.5%. Net income... More