Thu, May 15, 8:03 PM (39 days ago)
**Company:** Canadian Solar Inc. (CSIQ) **Summary:** Canadian Solar Inc. reported its Q2 2023 financial results, highlighting several key metrics and trends. The company generated revenue of $1,037.4 million, reflecting a 19.5% increase year-over-year (YoY). Gross profit margins stood at 15.5%, up from 14.2% in the same quarter last year, indicating improved operational efficiency. Net income attributable to shareholders was $58.7 million, or $0.69 per diluted share, marking a significant improvement from the $24.6 million, or $0.29 per diluted share, reported in Q2 2022. Operating cash flow was $165.9 million, showcasing strong liquidity and financial health. The company's earnings per share (EPS) increased by 137.9% YoY, driven by higher revenue and improved margins. Canadian Solar's module shipments reached 5.0 GW, up 34.5% YoY, demonstrating robust demand for its solar products. Looking ahead, Canadian Solar expects continued growth in solar energy demand, supported by favorable regulatory environments and increasing investments in renewable energy. However, the company faces uncertainties related to global supply chain disruptions and fluctuating raw material prices. Management remains focused on expanding its manufacturing capacity and enhancing operational efficiencies to drive future growth and profitability.