Recent salvos in the long-running solar-energy trade wars are brightening hopes for some solar companies and dimming prospects for others. Double-digit tariffs that the U.S. Department of Commerce slapped on solar-panel makers in China and Taiwan during July have drawn protests from foreign-based companies such as Canadian Solar (CSIQ), Trina Solar (TSL) and Yingli Green Energy (YGE) . The tariffs, set to become final in December, hurt the
Yingli Green Energy (YGE) on Wednesday lowered its guidance for solar module shipments this fiscal year, and its CEO cited financing challenges as one reason Q2 earnings missed expectations. Yingli stock was down nearly 5% in late-afternoon trading Wednesday, near 4. SunEdison (SUNE) and Canadian Solar (CSIQ) stocks were both down 1.5%, but some other solar stocks had better days. Trina Solar (TSL) was up 1.5% late in Wednesday’s session, though
Canadian Solar (CSIQ) shipped far more solar modules in Q2 than in the year-earlier quarter, helping the China-based company’s earnings easily beat company and Wall Street expectations when it reported the results Wednesday morning. The company’s Q3 revenue guidance also surpassed expectations. Canadian Solar stock was up 17.5%, near 29, in midday trading in the stock market today. Other solar stocks also rose on the beat. Canadian Solar posted