Canadian Solar Guidance Disappoints And Stock Tumbles

By | November 12, 2014

Scalper1 News

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 Scalper1 News

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