Canadian Solar announced that its controlling shareholder CSIQ disclosed its third quarter results for 2024 and its operating outlook for the fourth quarter of 2024 and 2025 in the United States on December 5, 2024. As of the end of the third quarter of 2024, CSIQ directly held 62.24% of the company's shares. CSIQ achieved module shipments of 8.4 GW in the third quarter of 2024, revenue of US$1.51 billion, and a gross profit margin of 16.4%. CSIQ expects total revenue to be between US$1.5 billion and US$1.7 billion in the fourth quarter of 2024, with a gross profit margin of 16% to 18%, module shipments of 8 to 8.5 GW, and energy storage system shipments of 2 to 2.4 GWh. In 2025, module shipments are expected to be between 30 and 35 GW, and energy storage system shipments of 11 to 13 GWh.