Canadian Solar Cuts FY23 Revenue Guidance Post Mixed Q2 Performance

Canadian Solar Inc (NASDAQ:CSIQ) reported second-quarter FY23 revenue growth of 2% year-on-year to $2.36 billion, missing the consensus of $2.48 billion. 

CSIQ’s Q2 revenue grew by 39% sequentially due to higher solar module shipment volume and higher project sales, partially offset by a decline in module average selling price (ASP). Solar module shipments were 8.2 GW, up 62% Y/Y.