News

Canadian Solar Margins Shrink In Q3, Stock Slides

Canadian Solar Inc. (NASDAQ:CSIQ) shares are trading lower after the company reported third-quarter 2024 results below street expectations. The company reported an 18% year-over-year revenue decline to $1.51 billion, missing the consensus estimate of $1.71 billion. The decline reflects lower module ASPs and reduced project sales, partially offset by increased sales of battery energy storage solutions and higher solar module shipment volumes. The gross margin declined 20% YoY to $247.44 million a

European Stocks Rise as Investors Look Beyond French Crisis

(Bloomberg) -- European stocks gained for a sixth straight session in the longest winning streak since May, as investors weighed the latest developments in turbulent French politics. Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe Stoxx Europe 600 Index was up 0.4% b

French bonds, stocks take a breather after government collapse but uncertainty remains

LONDON (Reuters) -The risk premium on French bonds dropped and bank stocks rallied on Thursday after a widely expected no-confidence vote toppled Prime Minister Michel Barnier's government, with focus turning to what a new government might look like. Barnier resigned and President Emmanuel Macron is hunting for a new prime minister, a day after opposition to Barnier's 60-billion euro ($63 billion) belt-tightening effort led far-right and leftist lawmakers to vote his government out.