The market expects Canadian Solar (CSIQ) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they ...

Core Points - Canadian Solar Inc. filed its annual report on Form 20-F for the year ended December 31, 2024, with the U.S. SEC [1] - The annual report is accessible on the Company's Investor Relations website and the SEC's website [1] Company Overview - Canadian Solar is one of the largest solar technology and renewable energy companies globally, founded in 2001 and headquartered in Kitchener, Ontario [2] - The Company is a leading manufacturer of solar photovoltaic modules and provides solar energy and battery energy storage solutions [2] - Canadian Solar has delivered nearly 150 GW of solar photovoltaic modules worldwide over the past 24 years [2] - The subsidiary e-STORAGE has shipped over 10 GWh of battery energy storage solutions, with a contracted backlog of US$3.2 billion as of December 31, 2024 [2] - Since entering project development in 2010, Canadian Solar has developed approximately 11.5 GWp of solar power projects and 4.5 GWh of battery energy storage projects globally [2] - The Company has a diversified project development pipeline, including 25 GWp of solar and 75 GWh of battery energy storage capacity in various stages of development [2] - Canadian Solar is recognized as one of the most bankable companies in the solar and renewable energy industry and has been publicly listed on NASDAQ since 2006 [2]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) (Translation of Registrant's name into English) Ontario (Jurisdiction of incorporation or organization) 4273 King Street East, Suite 102 Kitchener, Ontario,N2P 2E9 Canada (Address of principal executive offices) Xinbo Zhu, Chief Financial Officer 4273 King Street East, Suite 102 Kitchener, Ontario, N2P 2E9 ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1 ...

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Core Insights - Canadian Solar, Inc. (CSIQ) reported a fourth-quarter 2024 loss of $1.47 per share, which is significantly wider than the Zacks Consensus Estimate of a loss of 21 cents per share and a decline from the previous year's earnings of two cents per share [1][2] - The company's total revenues for 2024 were $6.46 billion, down from $7.23 billion in 2023, reflecting a year-over-year decline primarily due to a decrease in the average selling price (ASP) for its modules [3] Financial Performance - In Q4 2024, Canadian Solar's revenues were $1.52 billion, missing the Zacks Consensus Estimate of $1.58 billion by 3.7% and declining 10.6% from $1.70 billion in the same quarter last year [3] - The gross margin for the quarter was reported at 14.3%, which is below the company's guidance of 16-18% and represents a decline of 180 basis points year-over-year due to lower module ASP [4] - Total operating expenses increased by 61.7% year-over-year to $344.1 million, driven by impairment charges and higher shipping and handling costs [4] Operational Metrics - Solar module shipments for the quarter totaled 8.2 gigawatts (GW), aligning with the company's guidance of 8.0-8.5 GW and reflecting a 1% increase year-over-year [4] - Depreciation and amortization charges rose to $135 million from $89 million in the previous year, attributed to vertical integration investments and increased capacity in strategic markets [5] Cash Flow and Debt - As of December 31, 2024, Canadian Solar's cash and cash equivalents stood at $1.70 billion, a decrease from $1.94 billion as of December 31, 2023 [6] - Long-term borrowings increased to $2.49 billion from $1.27 billion over the same period [6] Future Guidance - For Q1 2025, Canadian Solar anticipates total module shipments between 6.4-6.7 GW and total revenues in the range of $1.0-$1.2 billion, which is below the Zacks Consensus Estimate of $1.4 billion [7] - The company expects a gross margin between 9% and 11% for the first quarter of 2025 [7] - For the full year 2025, total module shipments are projected to be between 30-35 GW, with total revenues expected to range from $7.3-$8.3 billion [8][9]

Core Insights - Canadian Solar Inc (CSIQ) reported a significant fourth-quarter loss of $1.47 per share, which was much worse than the anticipated loss of $0.03, although revenue slightly exceeded expectations at $1.67 billion compared to the forecast of $1.64 billion [1] Company Performance - CSIQ's stock reached a nearly 12-year low of $9.49 on March 13, driven by a long-term downtrend and tariff uncertainties from the Trump administration. The stock has declined 6.4% year-to-date and is down 43.3% year-over-year. Despite the earnings miss, CSIQ's stock rebounded by 7% to $10.39 [2] - Sunrun Inc (RUN) saw its stock rise by 3.2% to $6.58, with the $6 level acting as a technical support. However, the overall trend remains negative, with RUN down 30.6% in 2025 and 66.1% over the past six months [3] - First Solar Inc (FSLR) experienced a 2.1% increase in stock price to $131.55, but it remains down 25.4% year-to-date and is close to its lowest levels since October 2022. The stock has faced repeated rejections at short-term moving averages, indicating ongoing technical pressure [4]

Canadian Solar Inc. (NASDAQ:CSIQ) Q4 2024 Earnings Conference Call March 25, 2025 8:00 AM ET Company Participants Wina Huang - Head, Investor Relations Shawn Qu - Chairman & Chief Executive Officer Yan Zhuang - President, CSI Solar Ismael Guerrero - President, Recurrent Energy Xinbo Zhu - Senior Vice President & Chief Financial Officer Conference Call Participants Colin Rusch - Oppenheimer Praneeth Satish - Wells Fargo Maheep Mandloi - Mizuho Securities Alan Lau - Jefferies Vikram Bagri - Citi Philip Shen - ...

Canadian Solar (CSIQ) came out with a quarterly loss of $1.47 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -600%. A quarter ago, it was expected that this solar wafers manufacturer would post a loss of $0.44 per share when it actually produced a loss of $0.31, delivering a surprise of 29.55%.Over the last four quarters, the comp ...

Canadian Solar (CSIQ) Q4 2024 Earnings Call March 25, 2025 08:00 AM ET Company Participants Wina Huang - Head of Investor RelationsShawn (Xiaohua) Qu - President, Chairman and Chief Executive OfficerYan Zhuang - Director and President of CSI SolarIsmael Arias - Chief Executive Officer of Recurrent EnergyXinbo Zhu - Senior VP & CFOColin Rusch - Managing Director - Head of Sustainable Growth & Resource Optimization ResearchMaheep Mandloi - DirectorVikram Bagri - Member Board of DirectorsBrian Lee - Vice Presi ...

Canadian Solar 4Q24 Earnings Call March 25, 2025 Canadian Solar Inc. Safe Harbor Statement This presentation has been prepared by the Company solely to facilitate the understanding of the Company's business model and growth strategy. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the ...