Canadian Solar jumps after third-quarter revenue beat

Canadian Solar

13/11/2025 12:43

** Shares of solar and battery company Canadian Solar CSIQ.O up about 13% at $32.20 premarket

** CSIQ beats Q3 revenue estimates supported by strong energy storage deliveries and a high module shipments to profitable markets

** Q3 revenue $1.50 billion vs estimate of $1.37 billion - data compiled by LSEG

** "Demand for energy storage continues to grow, driven by emerging applications such as data centers," says CEO Shawn Qu

** However, co expects Q4 revenue forecasts in the range of $1.30 billion to $1.50 billion, compared with analysts' estimate of $1.60 billion

** As of last close, stock up 155.8% YTD

 (Reporting by Koyena Das)

 ((koyena.das@thomsonreuters.com))