10 Stocks Soaring Past Expectations

2. Canadian Solar Inc. (NASDAQ:CSIQ)

Canadian Solar soared by 37.14 percent week-on-week, as investor sentiment was fueled by its subsidiary’s successful commissioning of a new 220 MWh battery energy storage system for an energy company in Australia.

Last week, Canadian Solar Inc. (NASDAQ:CSIQ) saw its share prices trade above the $20 level to hit a new all-time high on Friday, following news that its unit, e-STORAGE, successfully achieved commercial operations of the DC Mannum battery storage project for Epic Energy.

e-STORAGE was tapped as the Engineering, Procurement, and Construction (EPC) provider for the project.

Under a long-term service agreement, e-STORAGE will also support the project’s ongoing performance and operational management, demonstrating its commitment to long-term value creation.

“We are delighted to support Epic Energy in reinforcing South Australia’s grid resilience and accelerating the shift towards clean energy…With over 1.8 GWh of BESS under construction in Australia, e-STORAGE continues to establish itself as a leading product and solution provider in the region,” said e-STORAGE President Colin Parkin.

Through e-STORAGE, Canadian Solar Inc. (NASDAQ:CSIQ) has shipped over 13 GWh of battery energy storage solutions to global markets, boasting a $3 billion contracted backlog as of June 30, 2025.