Canadian Solar (CSIQ) Pops Higher as Gross Margin Outlook Improves
Tweet Send to a FriendGet Alerts CSIQ Hot Sheet
Trade CSIQ Now!
Canadian Solar Inc. (Nasdaq: CSIQ) shares are popping in pre-market action Tuesday following an update to its second-quarter expectations.
The company sees shipments of 410- to 420-MW, from 430- to 450-MW prior.
Gross margin now expected to be 12.0 - 12.5 percent, from 8 - 10 percent with May 10th guidance.
Shares are up over 13 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The company sees shipments of 410- to 420-MW, from 430- to 450-MW prior.
Gross margin now expected to be 12.0 - 12.5 percent, from 8 - 10 percent with May 10th guidance.
Shares are up over 13 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Will Erickson Air-Crane (EAC) Stock Crash and Burn?
- Real Goods Solar (RSOL) Goes Parabolic
- SolarCity (SCTY) is 'Hot, Hot, Hot', But Questions About Financing Deal Raised
Create E-mail Alert Related Categories
Guidance, Insiders' Blog, Momentum Movers
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
