Canadian Solar (CSIQ) Pops Higher as Gross Margin Outlook Improves
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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.
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.
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