Canadian Solar plunges on downbeat revenue outlook

Canadian Solar

19/03/2026 10:19

** Shares of solar and battery company Canadian Solar CSIQ.O down ~10.1% to $16.65 premarket

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

** CSIQ posts a fall in Q4 revenue of $1.21 billion vs $1.52 billion a year ago due to lower module and storage sales

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

** As of last close, CSIQ down 22% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))