Yan Zhuang

Canadian Solar reported record quarterly revenue in Q2 2021, buoyed by a go back to make money from its manufacturing division, yet decreased its complete delivery support for the year in the middle of continued sector headwinds.

Module production huge Canadian Solar states it has seen demand for modules recuperate in the second quarter of 2020, with module shipments and also earnings for the period both going beyond guidance. The business is pressing ahead with prepare for a 2nd listing on a stock market in China as part of its strategy to deal with speeding up sector development and also market consolidation over the coming months.

The Chinese-Canadian solar producer reported a 41% year-over-year rise in complete component deliveries to 2.2 GW in the initial quarter. Profits grew by 70% to $826 million, while internet earnings boosted dramatically from $17.2 million to $110.6 million.

The Chinese-Canadian manufacturer reported a 1% decrease in sales in the third quarter, with net profit falling 19%, to US$55.2 million. Quarterly shipments were up significantly year on year, from 1.59 GW in July-to-September last year to 2,387 MW this time around. The company expects to ship up to 8.5 GW of panels and achieve turnover of up to US$3.16 billion this year.