Canadian Solar drops after downbeat revenue outlook

Canadian Solar

19/03/2026 13:53

Updates

** Shares of Canadian Solar CSIQ.O down ~29% to $13.15

** Co expects Q1 2026 revenue to be in the range of $900 million to $1.1 billion, below analysts' average estimate of $1.56 billion - data compiled by LSEG

** CSIQ posts narrower Q4 revenue of $1.21 billion vs. $1.52 billion a year ago on lower module and storage sales

** Expects gross margin to be between 13% and 15% in 2026

** Including session's moves, CSIQ down ~45% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))