Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2024.
Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has won three battery energy storage system ("BESS") projects, totaling 193 MW, in Japan's first Long-Term Decarbonization Power Source Auction ("LTDA"). The winners of this auction were announced on April 26, 2024, with the Company securing a 13.3% of the total awarded energy storage projects.
Canadian Solar's (CSIQ) Q1 results are likely to reflect the adverse impacts of declining module average selling price as well as higher research and development expenses.