Canadian Solar’s Q2 module sales increase, battery revenues grow

Canadian Solar’s Q2 module sales increase, battery revenues grow

The company’s financial performance has improved significantly from the first quarter of this year, when it posted gross profits of just US$140.5 million amid growing uncertainty regarding the viability of importing modules into the US as president Trump has ratcheted up protectionism in US trade policy. This uncertainty particularly affected CSI Solar, Canadian Solar’s manufacturing subsidiary, which posted income from operations of US$1.8 million in the first quarter. In response, Canadian...
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