Solar manufacturer Canadian Solar Inc (NASDAQ:CSIQ) has reported a strong Q1 performance, with shipments, revenue, and gross margin in line with expectations. However, the company reduced its full-year guidance by 22% due to a decrease in module prices. Net income attributable to Canadian Solar was USD 12 million (EUR 11.2m), down from USD 84 million a year ago, an improvement from the previous quarter’s net loss. Total module shipments increased by 4% year-over-year to 6.3 GW. Gross margin improved to 19% from 18.7% in the first quarter of 2023, aided by lower manufacturing costs. For the second quarter, revenue is expected to be in the range of USD 1.5 billion to $ 1.7 billion and total battery energy storage shipments between 1.4 GWh and 1.6 GWh.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







