Canadian Solar Inc. up 30.7% in 3 days

Canadian Solar Inc. raised it's revenue forecast, to a range of $750 million to $870 million, from its previous view of $650-$750 million.

By far the top performer, expect some resistance and probably a little correction, now that it's in new historical highs.

The increased revenue forecast largely reflects recent sales of solar modules to Pro Solar Solarstrom GmbH and Iliotec Solar GmbH of Germany. To meet the greater demand, the company's board authorized an unspecified increase in capital spending to boost capacity.

Shares of Canadian Solar rise on improved outlook

Labels: Canadian Solar Inc., CSIQ, Earnings

posted by Ertai at 7:25 AM