PVTIME – Canadian Solar Inc. (688472.SH) announced the financial results for Q3 2025 and future projections for its majority shareholder, Canadian Solar Group (NASDAQ: CSIQ), on 13 November. The group recorded Q3 module shipments of 5.1GW, operating revenue of $1.5 billion (equivalent to around RMB 10.68 billion), and a gross margin of 17.2%.
For Q4 2025, the group forecasts total revenue of between $1.3 billion and $1.5 billion (around RMB 9.24 billion to RMB 10.67 billion), with a gross margin of between 14% and 16% expected. Module shipments are projected to be between 4.6GW and 4.8GW, while energy storage system shipments are anticipated to be between 2.1GWh and 2.3GWh.
Looking ahead to 2026, the group forecasts annual module shipments of between 25GW and 30GW, and energy storage system shipments of between 14GWh and 17GWh. As of 31 October 2025, the Group’s e-STORAGE subsidiary had a contracted backlog, including signed long-term service agreements, valued at $3.1 billion (approximately RMB 22.04 billion).
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 announced the financial results for Q3 2025 and future projections for its majority shareholder, Canadian Solar Group (NASDAQ: CSIQ), on 13 November. The group…){kind=link}