Canadian Solar reports Q1 2024 financials

Canadian Solar Inc. has released its Q1 2024 financial report, covering the period ending March 31. The company has seen a 4% year-over-year increase in module shipments, totaling 6.3 GW, with 236 MW allocated to its utility-scale projects. Serving over 70 countries, its major markets include China, the U.S., Pakistan, Brazil, and Spain. However, Q1 2024 net revenues were declined by 22% compared to the previous quarter and year, amounting to $1.3 billion.