Canadian Solar Posts Record Year Even as Q4 Profits Plunge

Lower module prices drove Q4 revenue down 14%

March 15, 2024

/ Arshreet Singh
/ Finance and M&A
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Solar module maker Canadian Solar reported record 2023 numbers with an 89% surge in net income for the full year (FY), but profits in the fourth quarter (Q4) fell sharply as pricing pressures and lower shipments weighed on margins.

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Arshreet Singh

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