May 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As Canadian Solar Incorporated (NASDAQ:CSIQ) (Guelph, Ontario) prepares to benefit from a major outside investment, the company is reckoning with a low-price environment and stiff competition for the solar-components market from China. Industrial Info is tracking more than $10 billion worth of active and planned projects from Canadian Solar worldwide, including about $3.6 billion worth in the U.S. that has a medium-to-high likelihood (70% or more) of beginning construction as scheduled.

"With respect to our module[-manufacturing] business, we are at a very difficult point in the cycle," said Shawn Qu, the chief executive officer of Canadian Solar, in the conference call. "Fierce competition is creating immense near-term headwinds for the industry. However, I hope we will see improvement in the second half as the market rationalizes. Demand continues to be strong, and we are seeing signs of improvement in the distributed generation market and certain regions. While prices have stabilized, we remain at historically low levels."

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