The company is increasingly shifting its manufacturing focus to the U.S., including the upcoming launch of a major plant in Indiana making high-tech solar cells

Shares of SolarEdge Technologies (NASDAQ:SEDG | SEDG Price Prediction) are ripping higher in Friday's midday session, with SEDG stock up 22% to $61.44.

Solar stocks are splitting on Thursday. Enphase Energy (NASDAQ:ENPH | ENPH Price Prediction) is up 11% to $47.18 and SolarEdge Technologies (NASDAQ:SEDG) is up 11% to $47.90, while Canadian Solar (NASDAQ:CSIQ) is down 10% to $17.97.

CSIQ beats on Q1 earnings and revenues as battery storage shipments surge and US solar manufacturing expansion advances.

Canadian Solar Inc. (CSIQ) Q1 2026 Earnings Call Transcript

Canadian Solar NASDAQ: CSIQ reported first-quarter 2026 revenue at the high end of its forecast and a stronger-than-expected gross margin, helped by tariff refund accruals, while the company still posted a net loss amid higher operating costs, foreign exchange losses and tax expense accruals.

Canadian Solar (CSIQ) came out with a quarterly loss of $0.71 per share versus the Zacks Consensus Estimate of a loss of $1.06. This compares to a loss of $1.07 per share a year ago.

KITCHENER, ON, May 14, 2026 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2026. First Quarter Highlights Solar module shipments of 2.5 GW, above guidance of 2.2 GW to 2.4 GW.

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Canadian Solar (CSIQ), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2026.

American solar installers have stopped doing business with China-backed U.S. production centers due to uncertainties about their products' eligibility for government subsidies