Canadian Solar Inc.
canadiansolar.comWhat Do They Do?
Manufactures solar modules and battery storage systems for distributors, project developers and utilities, and develops, builds and operates utility-scale solar and storage projects.
20-F for FY2025, filed Apr 10, 2026Our Manufacturing segment primarily focuses on the design, development and manufacturing of solar ingots, wafers, cells, modules and…View ↗
We believe that we offer one of the most comprehensive crystalline silicon solar power product lines in the industry, encompassing modules…View ↗
Recurrent Energy primarily develops, builds, sells, and operates solar power and battery energy storage projects, while also providing…View ↗
Our battery energy storage solutions provide proprietary high-performance, safe and reliable energy storage systems for utilities…View ↗
How Do They Make Money?
Customers pay for solar modules and battery products when shipped or delivered; turnkey storage and EPC projects bring in money as work progresses. Recurrent Energy also earns from project sales, electricity when delivered, and services over time.
20-F for FY2025, filed Apr 10, 2026Revenue from solar modules, system kits, inverters, and related components is recognized at a point in time when the customers obtain…View ↗
Revenue from battery energy storage products is recognized at a point in time when customers obtain control of the products, typically upon…View ↗
Revenue from the delivery of turnkey battery energy storage solutions and EPC services is recognized over time based on estimated progress…View ↗
Revenue from the sale of solar power and battery energy storage assets is recognized at a point in time when the customer obtains control…View ↗
Revenue from power services, primarily Operations and Maintenance (“O&M”), is recognized over time, when the customer receives and consumes…View ↗
Revenue from electricity and battery energy storage operations is primarily generated from long-term PPAs, virtual power purchase…View ↗
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20-F for FY2025, filed Apr 10, 2026
FY2025 revenue by reportable segment ↗
$5.6B
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20-F for FY2025, filed Apr 10, 2026
$5.6B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Manufacturing Segment
|
100% |
Manufacturing Segment, FY2025
$5.6B Sources
|
|
Recurrent Energy Segment
|
7.2%
FY2022: 11%
|
Recurrent Energy Segment, FY2025
$403.6M Sources
|
Who Are Their Customers?
Solar modules are sold primarily by a global direct sales team to distributors, installers and project developers; storage solutions serve utilities, independent power producers and commercial and industrial businesses.
20-F for FY2025, filed Apr 10, 2026
Do Revenues Turn Into Profits?
No. It lost $104.1M in FY2025.
How Are They Changing?
Flat. Revenue was $5.6B in FY2025, about the same as the $5.3B of FY2021.
Who Do They Compete With?
Competes with First Solar, LONGi Green Energy Technology, Trina Solar, JinkoSolar Holding, JA Solar, Tongwei Solar, Tesla, Fluence Energy, and Sungrow Power Supply
20-F for FY2025, filed Apr 10, 2026The markets for solar power and battery energy storage products are highly competitive and continually evolving. We face intense…View ↗
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