Canadian Solar, Inc. (CSIQ) Posts Q1 Loss
"Canadian Solar, Inc. (NASDAQ: CSIQ) reported Q1 EPS of ($0.10), $0.68 better than the analyst estimate of ($0.78). Revenue for the quarter came in at $263.6 million versus the consensus estimate of $221 million.Solar module shipments were 340 MW, compared to 404 MW in the fourth quarter of 2012.
For the second quarter of 2013, module shipments are expected to be in the range of approximately 380 MW to 420 MW. Gross margin for the quarter is expected to be between 9% and 11%.
For the full year 2013, the Company expects module shipments to be in the range of approximately 1.6 GW to 1.8 GW."
CSIQ is up 17 % for today.
Labels: Canadian Solar Inc., CSIQ, Earnings, Solar Stocks, Solar Technology, solarstocks
posted by GM at
10:08 AM
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