Industry Notes

Industry Notes / Solar / Chapter 1 of 12 · Bar

Storage and modules are different businesses

Look at the step in the chain before the company label

What is still unclear?

Write what you still want explained. Questions go to the author and are not shown publicly.

Gross margin
Storage
28.6%
Modules
5.33%

Canadian Solar's 2025 storage gross margin was 28.6%, against 5.33% for modules. The gap sits in the business line, not in the label “solar company”.

Source：Canadian Solar（阿特斯）2025 年报分部毛利率

Research notes, not investment advice.