Canadian Solar Inc. CSIQ recently inked long-term Operations & Maintenance (O&M) contracts with California’s Slate and Mustang solar projects, both developed by its subsidiary Recurrent Energy. These agreements will strengthen Canadian Solar’s position as a leading solar and energy storage O&M provider.In particular, with these contracts, Canadian Solar will be able to proceed a step ahead in achieving its target to reach 11 gigawatt-peak (GWp) of operational solar projects by 2025.Details of the DealOwned by Goldman Sachs Asset Management Renewable Power, a unit of Goldman Sachs GS, both the aforementioned projects are solar plants equipped with a battery storage system. Per the terms of the agreements, Canadian Solar will conduct various O&M operations across both projects, like plant monitoring, performance management as well as corrective maintenance.The company will also aid in increasing site availability, minimizing downtime, and maximizing the value of the projects.Canadian Solar’s Position in the Solar O&M MarketRealizing the dire need for decarbonization, the entire world is rapidly going through a transition process toward a greener environment, wherein solar power plays the role of a key catalyst. The aggressive growth of the solar market has boosted the prospects of the solar O&M market since speedy repowering and proper maintenance of the solar power plants remain the need of the hour.Wood Mackenzie projects the global non-residential solar PV O&M market to reach an annual total of $9.4 billion by 2025.Interestingly, Canadian Solar has been providing O&M services for solar power plants in commercial operation since 2012. Currently, the company enjoys a global O&M portfolio of nearly 4 GWp of solar and 860 MWh of storage projects under contract across nine countries, of which 2.3 GWp of solar projects are currently in operation.Considering the aforementioned solar O&M market prospects, Canadian Solar seems well poised to grow, with the latest agreements paving the way for its further expansion in the space.Peer ProspectsApart from Canadian Solar, other industry players engaged in O&M services are also expected to reap the benefits of the growing solar O&M market.For instance, SunPower SPWR provides O&M services to its residential customers and some selected large utility-scale power plant projects in North America.Another solar player, Azure Power AZRE offers O&M services without involving multiple third-party services. It currently has a solar assets base of over 7 GWs including 2 GWs of operational capacity.Price MovementShares of Canadian Solar have surged 20.7% in a year’s time compared with the industry’s 20.5% growth.Image Source: Zacks Investment ResearchZacks RankCanadian Solar currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks’ Top Picks to Cash in on Artificial Intelligence This world-changing technology is projected to generate $100S of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report SunPower Corporation (SPWR): Free Stock Analysis Report Azure Power Global Ltd. (AZRE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research