Canadian Solar : Q1 2025 Conference Cal

Published: 2025-05-15 07:59:05 ET CSIQ

Published on 05/15/2025 at 07:59

Canadian Solar 1Q25 Earnings Call

May 15, 2025

FY2025 Q1 Overview

Recurrent

Energy

$1,072M

CSI Solar

$125M

Revenue Breakdown

Key Financial Metrics

6.9 GW Total module shipments

0.8 GWh Total storage shipments

North America Latin America EMEA

China

Asia ex. China

20%

35%

5%

6.9 GW

22%

18%

Shipment Breakdown

$1.2 billion Revenue

11.7% Gross margin

$34 million Net loss to CSIQ(1)

$0.69 Diluted loss per share to CSIQ(1)

(1) Including $26 million and $0.38 positive HLBV impact to net income to CSIQ and diluted earnings per share to CSIQ, respectively.

Near-Term Challenges and Long-Term Opportunities

Challenges and Risk Mitigation Strategies Opportunities

Increasing clean energy demand driven by:

AI data centers

Cryptocurrency mining

Electrification of everything, including electric vehicles

Extreme weather events

"Solar + storage" paradigm emerging, with storage demand accelerating globally

Trend of reshoring domestic manufacturing

Significant progress required to meet global climate targets: 5.5 TW by 2030 and 18 TW by 2050 (1.5ºC Paris Agreement goal)

We are operating in an

uncertain environment …

We continue to…

Geopolitical uncertainty, including ongoing U.S. policy developments, reduce visibility across our business

Actively monitor developments and prudently adjust our business operations in real-time

We face challenges that test us both operationally and financially…

Our strategy includes…

Oversupply across the solar supply chain

Fierce competition and low market pricing

Tariffs and other cost-increasing trade policy

Managing volumes in less profitable markets

Leveraging a blended supply chain strategy

Offering bundled sales to deliver more comprehensive value

Differentiating through battery energy storage

Controlling operating expenses and capital expenditures

TOPCon 2.0 Solar Module

Module power up to 660 W and module efficiency up to 24.4%

Improved energy yield during 30-year lifetime

Reduced BOS and LCOE

Elevated quality through in-house material manufacturing capabilities

Anti-Hail Solar Module

Module power up to 630 W and

module efficiency up to 23.3%

Tested up to ice ball of 55mm diameter according to IEC 61215 standard

Lower temperature coefficient

Increased energy yield in hot climate

Recognizing the innovative and outstanding design of EP Cube, Canadian Solar's residential energy storage solution

SolBank 3.0 Plus

Power: 1.2 - 2.4 MW

Capacity: 5.016 MWh

Enhanced lifetime and energy density

Advanced safety design

Mirror design

Installation and service efficiency

Technology Leadership Across Both Solar and Storage

Next Generation Solar Modules

Battery Energy Storage Milestones

Disclaimer

Canadian Solar Inc. published this content on May 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 15, 2025 at 11:58 UTC.