1. CSIQ's Annual Meeting approved all shareholder proposals. 2. Board members including Shawn Qu were re-elected until the next meeting. 3. Deloitte reappointed as auditors until the next annual meeting. 4. CSIQ boasts a $3.2 billion contracted backlog in battery solutions. 5. The company has a diversified project pipeline of 27 GWp solar capacity.
The re-election of experienced directors and auditor stability bolster investor confidence. CSIQ's substantial backlog indicates strong future revenue potential, as seen in past uptrends following strategic governance announcements.
The meeting's approvals signal stable management, valuable for CSIQ’s long-term operational success, impacting stock perception positively.
The approved management and backlog suggest sustainable growth, similar to previous periods where strategic governance shaped long-term stock performance.
Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it held its Annual Meeting of Shareholders on June 20, 2025. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved:
Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 157 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 11 GWh of battery energy storage solutions to global markets as of March 31, 2025, boasting a $3.2 billion contracted backlog as of March 31, 2025. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 11.6 GWp of solar power projects and 4.5 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 27 GWp of solar and 76 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Wina Huang
Investor Relations
Canadian Solar Inc.
info@canadiansolar.com