Canadian Solar Q4 revenue misses estimates, hurt by lower module and storage sales

Canadian Solar

19/03/2026 10:09

((This story was generated using AI and automation, please see
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    Overview
  
    * Canada solar module and battery maker's Q4 revenue fell 20% yr/yr, missing analyst expectations
    * Company posted a Q4 net loss, citing delayed project sales and asset impairments
    * Management is shifting focus to margin improvement and expanding U.S. manufacturing capacity

    
    Outlook
  
    * Canadian Solar expects Q1 2026 revenue between $900 mln and $1.1 bln
    * Company sees Q1 2026 gross margin between 13% and 15%
    * Canadian Solar expects 2026 U.S. module shipments of 6.5-7.0 GW and battery shipments of 4.5-5.5 GWh

    
    Result Drivers
  
    * LOWER MODULE AND STORAGE SALES - Co said Q4 revenue declined mainly due to lower sales of solar modules and battery energy storage systems
    * PROJECT SALES DELAYS AND ASSET IMPAIRMENTS - Co said profitability was affected by delayed project sales and impairment charges related to certain project assets
    * SHIFT TO MARGIN PRIORITIZATION - Co said it is pivoting away from shipment volumes to focus on margins and diversifying profit drivers, notably energy storage

    
Company press release:  ID:nPnTHWVNa 
    
    Key Details
  
                               
                               
 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 Q4        Miss      $1.20     $1.35
 Revenue             bln       bln (9
                               Analysts
                               )
 Q4 Net              -$86 mln   
 Income                        
 Q4 Gross            10.20%     
 Margin                        
 Q4 Gross            $124 mln   
 Profit                        
 Q4                  $188 mln   
 Operatin                      
 g                             
 Expenses                      
    
    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 $19.64, about 6% above its March 18 closing price of $18.52
    * The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 44 three months ago

    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .

(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.)