Canadian Solar's CSI Solar and CATL sign battery storage strategic cooperation framework agreement

December 13, 2021

Canadian Solar (NASDAQ:CSIQ) subsidiary CSI Solar signed a strategic cooperation framework agreement with Contemporary Amperex Technology (CATL), global leader of new energy innovative technologies.

Under the agreement, CSI Solar and CATL will establish a strategic partnership to cooperate holistically in the areas of battery storage system solutions, supply of lithium-ion battery modules, operation and maintenance services of battery storage projects, and innovative renewable energy technology.

"The partnership leverages CATL's innovative battery storage technology and our global reach and experience to provide best-in-class battery storage solutions to our customers. We now have a global battery storage pipeline of 21 GWh, including 2.9 GWh under construction," Chairman & CEO Dr. Shawn Qu commented.

For this year Canadian Solar Inc 's (located in Guelph) revenue will be around 5.33 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2021's revenue of 3.48 billion USD.

Historical revenues and results Canadian Solar Inc plus estimates 2021

The analysts expect for 2021 a net profit of 76 million USD. According to most of the analysts the company will have a profit per share for this book year of 1.25 USD. Based on this the price/earnings-ratio is 25.98.

For this year analysts don't expect the company to pay a dividend. The average dividend yield of the energy companies is a good 2.96 percent.

Canadian Solar Inc 's market capitalization is around 1.93 billion USD. -14

At 16.44 the stock trades 2.93 percent higher at 32.47 USD.

Price data Canadian Solar Inc 2007-2021

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