Canadian Solar (CSIQ)

Q3 Preview – More Trick than Treat. Once again, the market seems content to sleepwalk – this time straight into what looks like an unfortunate Q3 for CSIQ. For those who actually read 10-Ks and…

Well, That’s Not Good for Canadian Solar and Jinko Solar. China’s August 2025 solar PV installations (Ex. 1) were cut in half versus last year, coming in at just 7.6GWac. Importantly, if this pace continues,…

Canadian Solar: Are Investors Looking the Wrong Way? Canadian Solar reported another disappointing quarter, with Q2 revenue and earnings below expectations and management guiding Q3 and 2025 materially lower. While many of the “China ADR…

Is Canadian Solar Incorporated in Canada or the People’s Republic of China (“PRC”)? When we asked popular artificial intelligence applications OpenAI and xAI where Canadian Solar (“CSIQ”) is incorporated, the answer from both was Canada….

Does Canadian Solar Still Represent a “Solid Short Play” Following its Collapse Over the Past 2yrs? In this note, we analyze: (1) the capacity for China’s top 9 solar cell makers in 2025E vs. 2025E…

Our Checks Suggests Investors Remain Excited About Canadian Solar’s Ability to Sell its Utility-Scale Solar Pipeline. In recent discussions with solar investors, we’ve learned that many feel CSIQ’s 5.0GW of Recurrent Energy solar project development…

Higher Interest Rates are Making Canadian Solar’s Ability to Sell its Utility-Scale Solar Projects “Very Difficult”. As a reminder, we note: (1) in 2Q23, CSIQ saw its Recurrent Energy segment deliver $360mn in revenues at…

Canadian Solar Has Been a Significant Outperformer Over the TTM. Over the past year (Ex. 1), CSIQ’s shares are up +24.5%, vs. -19.7% for Jinko Solar Co. Ltd., -54.5% for Longi Green Energy Tech. Co….

2022 Was a Good Year for Canadian Solar; 2023E Appears Set to be the Exact Opposite. In its most recent quarter, CSIQ reported rev/GAAP-EPS of $1.93B/$1.12 vs. Cons’ ests. of $1.86B/$0.30 (a material beat, at…