NASDAQ$CSIQ

Canadian Solar Inc. · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

CSIQ reported Q4 2024 revenue of $7.61B, a net loss of $77.9M.

For Q4 2024, CSIQ reported Revenue was $7.61B, net loss was $77.9M. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $7.61B for Q4 2024.
  • Net loss $77.9M.
  • MD&A highlights operating priorities, liquidity, and sector risks.

Headline financials

Total Revenue

$7.61B

Previous: $1.7B+347.3%
EPS (adj)

-$1.47

Previous: -$0.02-7250.0%
Module shipments (CSI Solar)

8.2M

No prior period
e-STORAGE backlog

$3.2B

No prior period
Capital Expenditures

-$535M

Previous: -$479M-11.7%
Net Income

-$77.9M

Previous: -$1.39M-5520.5%
Operating Income

-$127M

Previous: -$20.2M-529.8%
Gross Profit

$217M

Previous: $213M+1.7%
R&D Expense

$30.5M

Previous: $31.5M-3.3%

Revenue & EPS history

Canadian Solar · Revenue · Quarterly

$7.61B

Q4 2024+347.3%vs Q4 2023
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Revenue by segment

Canadian Solar · $1.97B total across 3 segments · Q4 2022

  • CSI Solar
    $1.98B+47.1%
  • Recurrent Energy
    $73.7M-68.3%
  • Eliminations
    -$78.1M-66.2%

Forward guidance

Outlook tied to global demand, competition, and regulatory environment.

Tailwinds

  • Scale and platform investments support volume growth.
  • Partnerships and capacity expansion may improve economics.

Headwinds

  • Competition and tariffs may compress pricing.
  • Regulatory and FX factors can affect reported growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-1.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.8%

Avg return

30 days after

47%

30 / 64 earnings

Positive

+16.7%

Q3 2018

Best reaction

-27.0%

Q4 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-27.0%-20.9%-16.5%
Q3 2025+0.8%-7.1%-20.4%
Q2 2025-18.6%-10.7%-8.2%
Q1 2025+5.8%+8.1%+9.2%
Q4 2024+0.5%-4.9%-4.4%
Q3 2024-0.5%+4.8%+1.0%
Q2 2024-7.4%-10.4%-3.5%
Q1 2024-10.8%-1.9%-1.2%
Q4 2023-0.6%-4.3%-19.5%
Q3 2023-2.0%-2.5%+13.4%
Q2 2023-12.6%-15.1%-14.9%
Q1 2023+3.8%+11.8%+6.7%
Q4 2022+5.2%+7.7%+12.4%
Q3 2022+1.1%-2.3%-12.7%
Q2 2022+7.1%+12.3%+2.3%
Q1 2022+0.2%+7.4%+11.1%
Q4 2021+5.8%+12.2%+1.1%
Q3 2021+5.8%+1.5%-17.5%
Q2 2021-7.0%-16.3%-12.3%
Q1 2021+5.7%+3.3%+6.6%
Q4 2020+9.7%+14.5%+6.5%
Q3 2020-0.7%+4.9%+16.3%
Q2 2020+3.6%+6.0%+28.3%
Q1 2020-2.5%-4.6%-4.2%
Q4 2019-1.1%+3.0%+9.1%
Q3 2019-13.1%-11.3%+20.1%
Q2 2019+13.5%+16.7%+3.4%
Q1 2019+7.9%+16.5%+23.4%
Q4 2018-20.6%-22.9%-19.5%
Q3 2018+16.7%+18.0%+21.5%
Q2 2018-2.9%-3.5%+8.0%
Q1 2018+3.9%+5.6%-28.8%
Q4 2017+7.9%+10.3%+4.9%
Q3 2017-5.7%-7.5%-8.6%
Q2 2017-1.5%-3.3%-4.0%
Q1 2017-1.1%-0.5%+20.1%
Q4 2016-11.7%-17.7%-0.3%
Q3 2016-9.0%-1.0%+5.3%
Q2 2016+13.8%+10.2%-2.9%
Q1 2016+10.2%
Q4 2015-8.8%
Q3 2015-0.9%
Q2 2015-16.6%
Q1 2015+7.1%
Q4 2014+11.2%
Q3 2014-8.1%
Q2 2014+3.1%
Q1 2014+3.2%
Q4 2013-10.5%
Q3 2013+8.7%
Q2 2013+7.4%
Q1 2013-7.0%
Q4 2012-7.0%
Q3 2012-7.6%
Q2 2012+6.9%
Q4 2009+3.1%
Q4 2010+3.1%
Q4 2011+3.1%
Q3 2011-15.4%
Q2 2011-1.2%
Q1 2011-4.2%
Q3 2010-7.8%
Q2 2010-7.8%
Q1 2010-4.0%

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