$CSIQ expects record BESS shipments in H2 2026. ~40% US business. Data Center business has become a key strategic focus for $CSIQ They have already a 2.5GWh FTM order to serve Data Center growth in the US. "we have developed a focused business development team to make sure our solutions have the right technical requirement for fast response DC's demand. That's getting a lot of traction, as well as the fact that WE ARE ABLE TO OFFER A FULLY COMPLIANT SOLUTION FOR DATA CENTERS. So while we cannot actually disclose who we are working with, I can tell you that we are very engaged right now on data center opportunities. We expect it to yield some pretty exciting results for us in the next quarters that hopefully we will be able to be a little more forthcoming about, as we get further along in the contracting processes." This is on top of their global leading position as an infrastructure provider. $CSIQ has ~60% of the Canadian BESS market, with ~4.5GWh contracted. Leading position in the UK. A couple of GWh per year in Australia. Europe and Japan seeing significant traction. +5GWh in BESS expected to be delivered to the US in 2026.

$CSIQ with +$1B in quarterly revenues and 2.5GW of solar shipments. Explicitly told in the call that 100% of their US shipments are coming out of their Texas factory. 1,125GWs, or 4.5GWs annually. Running the factory at ~90% utilization rate. Wow. And sign of very solid demand. Their Indiana solar cell factory begun operations. First ever in the USA. And doubling their Texas factory nameplate capacity to 10GWs by end of year. Their 6.5-7GWs of solar deliveries to the US already takes into account some of this expansion. And they reiterated guidance with strong confidence. All-in-all, I thought this was a very solid quarter.