Canadian Solar (CSIQ) reported a fourth quarter net loss attributable to Canadian Solar of $86 million, or a net loss of $1.66 per share, compared to net income of $34 million, or $0.48 per share, a year ago. Net revenues were $1.2 billion, down 20% from a year ago, mainly due to lower sales of solar modules and battery energy storage systems. Total solar module shipments recognized as revenues were 4.3 GW, down 47% year-over-year.
In first quarter, the company expects total revenue to be in the range of $900 million to $1.1 billion. Gross margin is expected to be between 13% and 15%. Total module shipments recognized as revenues are expected to be in the range of 2.2 GW to 2.4 GW.
In pre-market trading on NasdaqGS, Canadian Solar shares are down 13.66 percent to $15.99.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.