Canadian Solar

Canadian Solar reported a second-quarter net loss attributable to shareholders of $77 million (−$1.40 per share), missing analysts’ estimate of −$0.74 by a wide margin, although revenue of $1.2 billion slightly beat forecasts. The company recorded 3.1 GW of module sales and 3.3 GWh of revenue in the energy storage segment, but was hit by higher freight costs, startup costs for a new U.S. cell plant and increased interest and currency losses. The stock fell about 4.3% premarket. For Q3, Canadian Solar expects revenue of $1.3–1.5 billion, reaffirmed annual targets for U.S. module shipments and plans roughly $1.3 billion in investments mainly in U.S. production; the order backlog for domestically manufactured modules stands at over 13 GWp through 2029. » Altro su de.investing.com

Canadian Solar is having Guggenheim Securities evaluate its subsidiary Recurrent Energy after Recurrent in part lost access to US tax credits for clean energy. The unit is seeking to reduce debt and is continuing to explore asset sales while it battles higher material costs, tariff pressure and new rules on Chinese equipment. At the end of last year non-recourse liabilities stood at about $2.17 billion; Recurrent has developed projects with 12.2 GW of solar capacity and 6.4 GWh of battery storage. » Altro su de.investing.com

Canadian Solar reports that its TOPCon and HJT low-carbon modules manufactured in the US have been recognized under FM standards FM 4478 and FM 4480 for high-hail-risk zones. The modules passed hail-resistance testing (ANSI/FM 4480) as well as design and safety qualifications under IEC/EN 61215 and IEC/EN 61730-2 and ANSI/UL 61730. According to the company, these are the first photovoltaic modules listed by FM Approvals as designated components for areas highly vulnerable to hail. Canadian Solar highlights the importance of weather resistance for solar projects and points to its delivery and development track record, including nearly 177 GW of modules shipped and more than 20 GWh of battery storage delivered via e-STORAGE. » Altro su de.investing.com