Canadian Solar Inc. (CSIQ), a Canadian solar company, on Friday, posted a surge in preliminary net income for the fourth quarter, amidst an increase in revenue.
For the fourth quarter, the Guelph-headquartered firm reported a preliminary net income of around $70 million, compared with $25.96 million, recorded for the last quarter of 2021.
Preliminary revenue stands at around $1.97 billion, higher than the previous year's $1.53 billion.
Looking ahead, for the first quarter, the company expects revenue of $1.6 billion - $1.8 billion.
Four analysts, on average, polled by Thomson Reuters expect Canadian Solar to post revenue of $2.04 billion.
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