Tag Archives: csiq

Stock Movers: Solar Sells Off Despite U.S.-China Pact

Pres. Barack Obama and Chinese Pres. Xi Jinping jointly announced a coordinated effort to cut carbon dioxide and other gases, but Canadian Solar (CSIQ) shares fell on disappointing sales guidance, driving other solar stocks down. Canadian Solar said that its third-quarter earnings more than tripled to $1.75 per share, crushing estimates for $1.16. Revenue roughly doubled to $914.4 million, topping views for $803.2 million. But shares fell more

Canadian Solar Guidance Disappoints And Stock Tumbles

Canadian Solar (CSIQ) early Wednesday posted Q3 earnings that handily beat analyst estimates, but the company’s light guidance for the current quarter sent the stock falling. For the current quarter, Canadian Solar expects to ship 810 to 860 megawatts of solar modules, generating $925 million to $975 million in revenue. Analysts polled by Thomson Reuters had expected $977.4 million. The Guelph, Ontario-based solar-panel maker said Q3 earnings per

Canadian Solar Boosts Module Shipments, Stock Rises

Canadian Solar has inked new deals to ship more solar modules, prompting FBR Capital Markets to boost the solar panel maker’s stock price target. Canadian Solar (CSIQ) stock was up nearly 5% in midday trading in the stock market today, near 39. FBR expects solar project development to pick up for the rest of this year, in part thanks to acceleration in China. Within China, Canadian Solar has built one of the best global project development