4 posts and columns on Canadian Solar

Voices

Canadian Solar: Q3 EPS Light; Sees Q4 Revenue Collapse

in News on November 21, 2008 at 4:20 am PT

More bad news for the troubled solar sector. In a barometric display of market demand in the U.S. and Europe, Canadian Solar cut its guidance for Q4 to $70 to $85 million, a mere fraction of what Wall Street analysts see at $270.1 million. The company’s own full-year guidance is now $650 to $750 million, compared to Wall Street’s $901.9 million.

Voices

Canadian Solar: Collins Stewart Cuts Rating, Estimates; Cites "Harsh Pricing Environment"

in News on November 14, 2008 at 10:30 am PT

Analyst Daniel Ries of Collins Stewart points out the “harsh pricing environment” in the solar sector as the main reason for the cut in his rating on Canadian Solar. The company is not a low-cost producer, but it’s up against low-cost producers in a climate that has buyers–particularly European ones–demanding lower prices.

Voices

Canadian Solar Swoons Despite Beat-And-Raise Q2

in News on August 13, 2008 at 7:24 am PT

Canadian Solar (CSIQ) shares are taking a pounding this morning despite a beat-and-raise Q2 earnings report. For the quarter, the solar module producer posted revenue of $212.6 million, ahead of the Street at $206.8 million. Profits were 36 cents a share GAAP, 78 cents non-GAAP; the Street had been at 29 cents and 47 cents, respectively.

Voices

Canadian Solar Ups Q2 Guidance; Stock Soars

in News on July 14, 2008 at 8:24 am PT

Canadian Solar (CSIQ) shares are sharply higher this morning after the company said second quarter results blew past previous guidance. The company now says Q2 revenue was $210 million to $214 million, above its previous forecast range of $185 million to $190 million.