Stock of Canadian Solar Inc. (CSIQ) is dropping about 27 percent on Thursday morning trading after the company announced that it turned into a loss of $86 million in the fourth quarter, compared with a profit of $34 million last year.
The company's stock is currently trading at $13.35, down 27.92 percent or $5.17, over the previous close of $18.52 on the Nasdaq. It has traded between $6.57 and $34.59 in the past one year.
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.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.