Canadian Solar (CSIQ) Hits 2-Year High Ahead of Earnings

We recently published 10 Stocks Beating the Market with Eye-Popping Gains. Canadian Solar Inc. (NASDAQ:CSIQ) is one of the best-performing stocks on Monday.

Canadian Solar soared to a new two-year high on Monday, as investors loaded portfolios ahead of the results of its earnings performance in the third quarter of the year.

At intra-day trading, Canadian Solar Inc. (NASDAQ:CSIQ) surged to its highest price of $33.30 before paring gains to end the day just up by 13.80 percent at $32.40 apiece.

In a notice to investors, Canadian Solar Inc. (NASDAQ:CSIQ) said it would release the results of its third quarter earnings performance before market open on Thursday, November 13. A conference call will be held to elaborate on the results.

In recent news, Canadian Solar Inc.’s (NASDAQ:CSIQ) subsidiary—e-STORAGE—successfully commissioned a new 220 MWh battery storage system owned by Epic Energy in Australia.

e-STORAGE was tapped as the Engineering, Procurement, and Construction (EPC) provider for the project.

Under a long-term service agreement, e-STORAGE will support the project’s ongoing performance and operational management, demonstrating its commitment to long-term value creation.

“We are delighted to support Epic Energy in reinforcing South Australia’s grid resilience and accelerating the shift towards clean energy…With over 1.8 GWh of BESS under construction in Australia, e-STORAGE continues to establish itself as a leading product and solution provider in the region,” said e-STORAGE President Colin Parkin.

Through e-STORAGE, Canadian Solar Inc. (NASDAQ:CSIQ) has shipped over 13 GWh of battery energy storage solutions to global markets, boasting a $3 billion contracted backlog as of June 30, 2025.

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Disclosure: None. This article is originally published at Insider Monkey.