Canadian Solar Q3 revenue beats analyst expectations on strong battery storage shipments

Canadian Solar

13/11/2025 11:08

Overview

Canadian Solar Q3 revenue of $1.5 bln beats analyst expectations

Adjusted EPS for Q3 misses estimates with a loss of $0.58

Gross margin exceeds company guidance, driven by strong battery storage shipments

Outlook

Company expects Q4 2025 revenue between $1.3 bln and $1.5 bln

Company forecasts Q4 2025 gross margin between 14% and 16%

Canadian Solar projects 2026 module shipments between 25 GW and 30 GW

Result Drivers

ENERGY STORAGE SHIPMENTS - Record 2.7 GWh in battery energy storage shipments exceeded guidance, contributing to strong results

PROFITABLE MARKETS - Higher mix of module shipments to profitable markets supported gross margin exceeding expectations

MANUFACTURING EXPANSION - Progress on U.S. manufacturing facilities expected to enhance future profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.50 bln
$1.41 bln (8 Analysts)
Q3 Adjusted EPS
Miss
-$0.58
-$0.42 (7 Analysts)
Q3 Net Income
$9 mln
Q3 Gross Profit
$256 mln
Q3 Operating Expenses
$222 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

Wall Street's median 12-month price target for Canadian Solar Inc is $11.00, about 158.7% below its November 12 closing price of $28.46

The stock recently traded at 286 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPn6Q2Cy5a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)