Canadian Solar’s Q3 Net Income Soars 123% to $78.5 Million on Strong Demand
CSI Solar carve-out IPO awaiting a nod from China Securities Regulatory Commission
November 22, 2022
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Solar module manufacturer Canadian Solar reported a net income of $78.5 million for the third quarter (Q3) of the financial year 2022, a surge of 123% year-over-year (YoY) on the back of strong demand, lower manufacturing cost, and currency benefits from a strong U.S. dollar compared to Renminbi.