Canadian Solar Inc. reported a second-quarter net loss of $1.40 per share on Thursday, missing the analyst consensus estimate of a $0.74 loss by $0.66. Revenue for the quarter totaled $1.2 billion, exceeding the $1.18 billion estimate.
The company’s guidance for the third quarter fell below market expectations, with projected revenue ranging from $1.0 billion to $1.2 billion, compared with a consensus forecast of $1.76 billion. Canadian Solar did not provide earnings guidance for the period.
Shares of Canadian Solar closed at $13.87, down 26.96% over the past three months but up 45.85% year-over-year. The stock’s performance reflected broader sector volatility amid shifting solar demand dynamics and policy changes.
Over the last 90 days, earnings per share estimates for Canadian Solar were revised twice, both downward, with no positive adjustments. InvestingPro rated the company’s financial health as "fair performance," indicating moderate stability relative to peers.
