Canadian Solar Inc. Files 6-K for Q4 & FY 2024 Results

Ticker: CSIQ · Form: 6-K · Filed: 2025-03-25T00:00:00.000Z

Sentiment: neutral

Topics: financial-results, reporting, sec-filing

TL;DR

CSIK dropped Q4/FY24 results via 6-K on March 25, 2025. Check the press release for details.

AI Summary

Canadian Solar Inc. filed a Form 6-K on March 25, 2025, to report its fourth quarter and full year 2024 results. The filing includes a press release announcing these financial results, signed by Chairman and CEO Shawn (Xiaohua) Qu.

Why It Matters

This filing provides investors with the latest financial performance data for Canadian Solar Inc., crucial for understanding the company's recent operational success and future outlook.

Risk Assessment

Risk Level: low — This is a routine financial reporting filing (6-K) and does not introduce new risks.

Key Players & Entities

FAQ

What is the purpose of this Form 6-K filing?

The Form 6-K filing is to report Canadian Solar Inc.'s Fourth Quarter and Full Year 2024 financial results, as detailed in Exhibit 99.1.

Who signed this report on behalf of Canadian Solar Inc.?

The report was signed by Shawn (Xiaohua) Qu, Chairman and Chief Executive Officer.

What is the filing date of this report?

This report was filed on March 25, 2025.

What period do the financial results in Exhibit 99.1 cover?

Exhibit 99.1 covers the Fourth Quarter and Full Year 2024.

What is Canadian Solar Inc.'s principal executive office address?

Canadian Solar Inc.'s principal executive office is located at 4273 King Street East, Suite 102, Kitchener, Ontario, N2P 2E9, Canada.

From the Filing

0001104659-25-027542.txt : 20250325 0001104659-25-027542.hdr.sgml : 20250325 20250325071650 ACCESSION NUMBER: 0001104659-25-027542 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20250325 FILED AS OF DATE: 20250325 DATE AS OF CHANGE: 20250325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Canadian Solar Inc. CENTRAL INDEX KEY: 0001375877 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing EIN: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33107 FILM NUMBER: 25765846 BUSINESS ADDRESS: STREET 1: 4273 KING STREET EAST, SUITE 102 CITY: KITCHENER STATE: A6 ZIP: N2P 2E9 BUSINESS PHONE: 519-837-1881 MAIL ADDRESS: STREET 1: 66 WELLINGTON STREET WEST STREET 2: SUITE 4100 CITY: TORONTO STATE: A6 ZIP: M5K 1B7 6-K 1 tm2510215d1_6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2025 Commission File Number: 001-33107 CANADIAN SOLAR INC. 4273 King Street East, Suite 102 Kitchener, Ontario, N2P 2E9 Canada (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F  x    Form 40-F  ¨ CANADIAN SOLAR INC. Form 6-K TABLE OF CONTENTS Signature Exhibit Index Exhibit 99.1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CANADIAN SOLAR INC. By: /s/ Shawn (Xiaohua) Qu Name: Shawn (Xiaohua) Qu Title: Chairman and Chief Executive Officer Date: March 25, 2025 EXHIBIT INDEX Exhibit 99.1 — Canadian Solar Reports Fourth Quarter and Full Year 2024 Results EX-99.1 2 tm2510215d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Canadian Solar Reports Fourth Quarter and Full Year 2024 Results Kitchener, Ontario, March 25, 2025 – Canadian Solar Inc . (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ) today announced financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter Highlights · Highest single quarter of e-STORAGE shipments to date at 2.2 GWh. · Expanded e-STORAGE pipeline to record 79 GWh, including $3.2 billion in contracted backlog, as of December 31, 2024. Full Year 2024 Highlights · 31.1 GW of solar module shipments by CSI Solar. · 6.6 GWh of energy storage shipments by CSI Solar, a year-over-year (“yoy”) increase of over 500%. · Recurrent Energy brought record 1.3 GWp of solar projects to commercial operation. Dr. Shawn Qu, Chairman and CEO , commented, “2024 was a challenging year for the solar industry, with intense competition and ongoing policy and trade-related uncertainties creating operational and financial headwinds. Despite these industry-wide pressures, our modules business executed targeted strategic adjustments, enabling us to maintain relatively stronger profitability compared to the broader market. The industry and Canadian Solar are undergoing a transition. While near- to mid-term uncertainties persist in the solar market, demand for energy storage is accelerating. Storage is increasingly compelling, both in stand-alone applications and when paired with solar, driven by growing energy demand from sectors such as data centers and electric vehicles. Finally, we remain fully committed to the U.S. market and continue to advance our manufacturing expansion across three facilities dedicated to solar modules, solar cells, and energy storage solutions.” Yan Zhuang, President of Canadian Solar’s subsidiary CSI Solar , said, “Our team at CSI Solar remained focused w

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