Canadian Solar Shares Rise Ahead of Holiday, But Wall Street Stays Cautious
Canadian Solar shares climbed 4.3% to $18.88 Friday, ending the week up about 5.6% as U.S. markets closed for Memorial Day. The company reported Q1 revenue of $1.1 billion and a narrowed net loss of $32 million, aided by a $93 million tariff refund. CEO Colin Parkin warned margins remain under pressure, with U.S. factory ramp-up and storage orders in focus for the coming weeks.