China Sunergy (CSUN) Provides Positive Guidance; Shipments & Margins Better Than Expected

China Sunergy (CSUN) is out with some positive comments about the most recent quarter, saying that solar cell shipments have slightly exceeded the previously announced guidance of 35 – 40MW and gross margins are expected to be closer to 9% rather than the low single digits.    They also expect a return to profitability.

Said CEO Dr. Allen Wang, ”We have experienced a steady monthly improvement in our operational and financial performance during the quarter.”

The company is expected to report earnings in late August.

Shares of CSUN are trading up about 6% in pre-market trading.

Leave a Reply

Your email address will not be published. Required fields are marked *