Canadian Solar – which carries out the bulk of its production in China – said it will “likely make strategic capacity additions in order to meet the increased demand levels we are seeing and anticipate”.
Talk of starved demand is a big reversal from the overcapacity that sent profits in the sector plunging a few years ago.
CEO Shawn Qu told investors the “pendulum had swung further towards solar” since then, driving up demand.
“Based
