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Source: Shutter B Photo / Shutterstock.com Canadian Solar is one of the world’s largest manufacturers of solar panels, inverters and related equipment. It also provides advanced energy storage solutions and outsourced management of solar power plants. Demand for solar energy remains strong, driven by ambitious public and private sector targets. Canadian Solar’s revenue jumped $1.1 billion, increasing 32% year over year (YOY) and comfortably beating guidance of $1.0 billion to $1.1 billion. Net income increased from 11 cents per diluted share to 36 cents, ending the first quarter with $1.5 billion in cash. Canadian Solar has announced a partnership with Habitat Energy, which offers AI-enabled battery optimization and dispatch services. Additionally, the company is planning to unlock value with an initial public offering (IPO) of a manufacturing division in China. Canadian Solar joins at least two other U.S.-listed solar companies that are also planning equity sales in China.

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