According to StreetInsider.com, Canadian Solar (CSIQ) are upping their revenue estimates for the 2nd quarter with an expected range of 210 -214 million, up from the previous forecasted range of 185 – 190. The company also reiterated its full year 2009 forecast and expects to deliver 500-550MW of solar modules.… Read the rest
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Canadian Solar (CSIQ) Trades Up on New Contracts
Canadian Solar (CSIQ) traded up for the first time in nearly two weeks today, closing the day off the highs but up 4.75% on news that it has inked five new sales contracts totaling 14.9MW over the past 3 weeks from Arco Energy, AC Service, Ravano Green Power, Albatec and WSW. CSIQ currently gets the majority (60%) of it’s business from Germany.… Read the rest