US Stock Movement | Canadian Solar Pre-market Surge of 12%, Q3 Revenue Exceeds Expectations
On November 13th (Thursday), Canadian Solar (CSIQ) surged 12% in pre-market trading after announcing its third-quarter results, with revenue reaching $1.5 billion, exceeding the market's general expectation of $1.37 billion. The earnings per share for the third quarter were $0.58, which was $0.16 lower than analysts' expectations of $0.42. The company expects total revenue in the fourth quarter of 2025 to be between $1.3 billion and $1.5 billion, with a gross margin expected to be between 14% and 16%. The component shipment volume confirmed by CSI Solar is expected to reach 4.6 gigawatts to 4.8 gigawatts, and the energy storage system shipment volume for CSI Solar in the fourth quarter of 2025 is expected to reach 2.1 gigawatt-hours to 2.3 gigawatt-hours, of which approximately 600 megawatt-hours will be used for the company's own projects
On November 13th (Thursday), Canadian Solar (CSIQ) surged 12% in pre-market trading after announcing its third-quarter results, with revenue reaching $1.5 billion, exceeding the market's general expectation of $1.37 billion. The earnings per share for the third quarter were $0.58, which was $0.16 lower than analysts' expectations of $0.42.
The company expects total revenue in the fourth quarter of 2025 to be between $1.3 billion and $1.5 billion, with a gross margin expected to be between 14% and 16%. The shipment volume of components confirmed by CSI Solar is expected to reach 4.6 gigawatts to 4.8 gigawatts, and the shipment volume of energy storage systems by CSI Solar in the fourth quarter of 2025 is expected to reach 2.1 gigawatt-hours to 2.3 gigawatt-hours, of which approximately 600 megawatt-hours will be used for the company's own projects
