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HomeBusinessCanadian Solar Rises 3 percent Despite Steep Q4 Loss and Soft Outlook

Canadian Solar Rises 3 percent Despite Steep Q4 Loss and Soft Outlook

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Canadian Solar (NASDAQ:CSIQ) delivered a mixed fourth-quarter report, with revenue surpassing expectations but earnings coming in well below forecasts, and issued a cautious outlook for 2025. Despite the miss, shares rose more than 3% intra-day today.
The company reported Q4 revenue of $1.67 billion, edging past the $1.64 billion estimate, but posted a sharper-than-expected adjusted loss of $1.47 per share, compared to analysts’ forecast of just a $0.03 loss.
The earnings miss was attributed to impairment charges related to solar and manufacturing assets, along with the impact of tariffs and anti-dumping duties. Revenue also fell 11% year-over-year, driven by declining average selling prices for solar modules.
Looking ahead, Canadian Solar expects Q1 2025 revenue between $1.0 billion and $1.2 billion, well below the $1.62 billion consensus estimate. For the full year, the company projected revenue in the range of $7.3 billion to $8.3 billion, compared to the consensus of $7.46 billion.

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