Canadian Solar (CSIQ) posted a first quarter net loss attributable to Canadian Solar of $34 million, or $0.69 per share, compared to net income of $12 million, or $0.19 per share, a year ago. Adjusted net loss was $60 million, and adjusted loss per share was $1.07, compared to net income of $12 million or $0.19 per share.
Net revenues were $1.2 billion, down 10.0% year-over-year, mainly due to lower sales of battery energy storage systems and solar modules.
In second quarter, the company expects total revenue to be in the range of $1.9 billion to $2.1 billion. Gross margin is expected to be between 23% and 25%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.