Tuesday, June 17, 2008

Canadian Solar revises capacity targets upwards (CSIQ)

CSIQ closed today gaining more than 10%, some recent news:


Strong demand for its lower cost e-Module products that use 100 percent Upgraded Metallurgical Grade (UMG) Si has seen Canadian Solar (CSI) raise production and revenue projections for 2008. The company said that it has firm orders for 35MW of e-Modules and another 20MW of potential new orders. The sales are to be realized in the second-half of the year, CSI said. The company estimates that it will ship approximately 10 - 12 MW of e-Modules to USA and South Korea in 2008.


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