Canadian Solar (CSIQ) stock surged 10.92% during intraday trading on Thursday, following news that U.S. courts have granted a temporary stay on collecting retroactive duties for U.S. solar imports. This development has been viewed as a positive catalyst for the company, as noted by Wells Fargo analysts.

The court decision pauses the liquidation of potentially significant tariffs on solar imports, providing temporary relief to solar manufacturers like Canadian Solar. This move comes amid ongoing trade disputes and policy changes in the U.S. solar industry, which have created uncertainty for international suppliers.

The temporary stay could have substantial financial implications for Canadian Solar and other solar panel manufacturers exporting to the United States. It may allow the company to avoid or delay potentially hefty retroactive payments, improving its near-term cash flow and financial outlook. Investors appear to be reacting positively to this development, as reflected in the sharp increase in Canadian Solar's stock price.