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.