I meant to get this out yesterday, but battling a nasty cold so sleep was a priority. Anyhoo Canadian Solar (CSIQ) reported better than expected results, beating on both the EPS and revenue side. The company reported an EPS of .47/share vs the analyst estimate of .43 on revenues of $377 million vs the analyst estimate of $347 million. The EPS number is 32% lower than the year ago quarter, but that was a … Read the rest
Tag Archives: canadian solar
Canadian Solar (CSIQ) Reiterates Q3, Full Year Guidance
Not only did Canadian Solar (CSIQ) announce a new CFO in Andrew Chen, but the company has reiterated its Q3 and full year shipments guidance this morning.
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For Q3 the company expects shipments between 190 – 200MW and gross margins of 14.5 – 15.5% and full year shipments at the mid to high range of the previous guidance of 700 – 800MW.
Shares are … Read the rest
Canadian Solar (CSIQ) To Sponsor SF Giants
My how times have changed. You ever think you’d see a Chinese company sponsoring a US baseball team? Maybe not so surprising in today’s world. Canadian Solar (CSIQ) which is not a Canadian company, but a Chinese company, announced it will be a sponsor for the San Francisco Giants and together will launch the Score with Canadian Solar sweepstakes. Fans can go online to signup and win Giants paraphernalia for requesting solar installation quotes. … Read the rest
Auriga Remains Neutral On Canadian Solar (CSIQ) After Q2 Results
Canadian Solar (CSIQ) posted Q2 earnings results yesterday and Auriga is maintaining its Neutral stance on the stock since there is low visibility as to when the company can improve its margin structure. While there is expected improvement by Q4, the firm doesn’t have much confidence in the company’s ability to predict shipments. Should the margins improve as management has advertised, they may revise their 2011 estimates upwards significantly. Auriga see the stock as fairly … Read the rest
Canadian Solar (CSIQ) Earnings Better Than Headline Number
Canadian Solar (CSIQ) reported results before the bell this morning and the results were much better than expected when you take out one time losses due to forex losses and internal audits. On a non GAAP basis, the company reported an EPS of .40/share on revenues of $328.7 million. That’s significantly ahead of the analyst estimates of an EPS at .15 and revenue at $306 million. The results were much better than the headlines would … Read the rest
Auriga: Sees Mixed Messages From Canadian Solar (CSIQ) Earnings, Maintains Hold
Auriga issued a research report this morning on Canadian Solar (CSIQ) heading into its earnings report tomorrow. While the firm has an upside bias, it doesn’t have enough conviction either way to make a definitive call so maintains its Hold rating with a $13 price target. Cmon Mark, go out on a limb! 🙂
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They see CSIQ missing Q2 EPS estimates with shipments coming … Read the rest
LDK Solar (LDK) Suing Canadian Solar (CSIQ)
LDK Solar (LDK) announced this morning that it has filed an objection for arbitration before the China Intl Econ & Trade Arbitration Commission as well as a lawsuit to demand compensation from Canadian Solar (CSIQ) due to a breach of a 10 year supply agreement signed in 2008. Despite the news, shares of CSIQ are up nearly 3% today and trying to push above resistance of the 50 day moving average.
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Canadian Solar (CSIQ) Reported Mixed Results; Accounting Investigation Complete
I’ve been on vacation for a few days so didn’t get this out Thursday night, but Canadian Solar (CSIQ) reported mixed Q1 results. The company posted a non GAAP EPS of $0.03, 4 cents lower than the analyst estimate of $0.07 on revenue of $336.9 million, vs estimate of $330.97 million. Those numbers are big increase over the year ago quarter of -.13 on the EPS side and just $49.5 in revenue. Shipments came in … Read the rest
Canadian Solar (CSIQ) Announces New Sales Office In Italy
Canadian Solar just announced that it has opened a new sales office in Italy. The new office, which will be located in Rome, will be overseen by Canadian Solar’s Country Manager for Italy, Marco Pietro.
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In a Pietro explained why the company felt it was important to open the new location:
“Italy is one of the world’s top alternative energy markets, with impressive demand growth and … Read the rest
Canadian Solar (CSIQ) Announces Record Time Completion of Solar Energy Project With Green City
Canadian Solar just announced that the 1 MW solar energy project it built in Saxony with Green City Energy was completed in a record time of 2 months of construction. The system consists of panels installed on 16 rooftops, covering a surface area of 17,000 square meters. Since the project was finished before June 30th, it is exempt from the reductions in feed-in tariffs for PV systems.
===> Click Here For Your FREE Canadian Solar … Read the rest