Canadian Solar's Renewed Domestic Manufacturing Focus: Implications for Investment Narrative

Canadian Solar (CSIQ) has regained direct control of its US operations through CS PowerTech, a joint venture with a 75.1% controlling stake. This move aims to strengthen the North American supply chain, create jobs, and mitigate regulatory and geopolitical risks. While this development may impact the company's investment narrative, the primary catalyst for growth remains the demand for solar-plus-storage solutions. The main risk remains cost inflation and policy uncertainty in the US.