FBR Cuts PT on Canadian Solar (CSIQ) to $23; Q2 Pressured, but Outlook Not as Bad as Feared
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Canadian Solar Reports Second Quarter 2016 Results
August 18, 2016 7:41 AM EDTGUELPH, Ontario, Aug. 18, 2016 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced its financial results for the second quarter ended June 30, 2016.Â
Second Quarter 2016 Highlights
Total solar module shipments recognized in revenue were 1,290 MW, compared to 1,172 MW recognized in revenue in the first quarter of 2016, and second quarter guidance in the range of 1,200 MW to 1,250 MW. Net revenue was $805.9 million, compared to $721.4 million in the first quarter of 2016, and second... More
