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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.