Canadian Solar (CSIQ) Stock Shines 37% Brighter – Here’s Why

We recently published 10 Stocks Soaring Past Expectations. Canadian Solar Inc. (NASDAQ:CSIQ) is one of the big names that led last week’s charge.

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.

Canadian Solar (CISQ) Stock Shines 37% Brighter. Here's Why

Pixabay/Public Domain

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.

While we acknowledge the risk and potential of CSIQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CSIQ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.