Canadian Solar (CSIQ) has released an update.
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Canadian Solar reported a mixed third quarter for 2024, with a net loss of $14 million despite a gross margin of 16.4% and a record $3.2 billion in e-STORAGE backlog. The company secured significant investments and contracts, including a $500 million investment from BlackRock, while expanding its market presence globally. However, challenges such as permitting delays and reduced project sales impacted overall financial performance.
For further insights into CSIQ stock, check out TipRanks’ Stock Analysis page.
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