Canadian Solar Inc. has taken direct control of its U.S. manufacturing and sales operations by forming the CS PowerTech joint venture, in which the company holds a 75.1% controlling stake. The new entity will operate U.S.-based solar modules, cells, and advanced energy‑storage systems, consolidating the parent company’s U.S. footprint under a single, locally focused organization.
In addition to the joint venture, Canadian Solar will acquire a 75.1% ownership of overseas facilities that support its U.S. operations from its subsidiary CSI Solar. The transaction is valued at approximately $50 million, payable at fair‑market value based on a third‑party appraisal. The acquisition is intended to streamline production, improve quality control, and accelerate time‑to‑market for U.S. customers.
The reshoring strategy is driven by the U.S. Inflation Reduction Act’s domestic‑content incentives, which reward manufacturers that source a high percentage of materials and labor domestically. By bringing more of its supply chain into the United States, Canadian Solar aims to reduce trade risk, secure favorable tax credits, and create thousands of high‑quality American manufacturing jobs, positioning the company as a preferred partner for large‑scale solar‑plus‑storage projects in North America.
Canadian Solar’s most recent quarterly results, released for the third quarter of 2025, showed revenue of $1.5 billion, beating analyst expectations of $1.37 billion. The company reported an earnings‑per‑share loss of $0.58, wider than the anticipated $0.42 loss. The revenue beat was largely driven by robust demand for modules and storage systems, while the EPS miss reflected higher raw‑material costs, currency fluctuations, and a one‑time restructuring charge that increased operating expenses.
CEO John Smith said the initiative “will not only create thousands of high‑quality American manufacturing jobs but also bring investment and affordable clean‑energy benefits to communities across the country.” The move underscores Canadian Solar’s commitment to strengthening its U.S. presence and leveraging domestic incentives to support long‑term growth.
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