Tuesday, May 13, 2008

Canadian Solar Inc. Earnings

CSIQ is soaring 28.5% up for today. I will post the charts later, since most of the solar companies I use to track are having a very good day.

Canadian Solar Q1 profit tops estimates, shares soar
China's Canadian Solar Inc (CSIQ.O: Quote, Profile, Research) posted a first-quarter profit that topped Wall Street estimates, helped by higher market demand, strong pricing and effective foreign exchange exposure management, and forecast second-quarter revenue above the market view.

Shares of the company soared more than 28 percent to an all-time high of $43.82 in midday trade, making them one of the top percentage gainers on Nasdaq.

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