The company, which is based in Ontario but boasts one of the largest PV manufacturing footprints in China, says its strong third-quarter performance will drag its full-year net-income into positive territory.

Canadian Solar's net loss reached $11.8m through the first half of the year.

The announcement bodes well for an industry that has suffered several years of eye-watering losses as overcapacity – fuelled by lower-tier Chinese suppliers – led to faster price declines than manufacturers could handle.

But