Canadian Solar, a Canada-based manufacturer of photovoltaic modules and energy storage systems, reported Q1 2025 revenue of $1.2 billion, down 21.3% from the previous quarter due to lower solar module and battery storage sales. Gross profit was $140 million with an 11.7% margin, affected by seasonal trends and trade-related duties. The company recorded 6.9 GW in module shipments, including 413 MW for its own utility-scale projects. Its subsidiary, Recurrent Energy, expanded development pipelines to 27 GW of solar and 76 GWh of storage capacity. For Q2 2025, Canadian Solar forecasts revenue between $1.9 billion and $2.1 billion, a gross margin of 23% to 25%, and total module shipments of 7.5 to 8.0 GW, with 500 MW allocated for internal use.