Canadian Solar (NASDAQ: CSIQ) reported Q4 EPS of $0.11, $0.66 better than the analyst estimate of ($0.55). Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $997.88 million.

• Solar module shipments of 3.0 GW at high-end of 2.9 GW to 3.0 GW guidance range.

GUIDANCE:

Canadian Solar sees Q1 2021 revenue of $1-1.1 billion, versus the consensus of $975.2 million.

• For the first quarter of 2021, the Company expects total module shipments to be in the range of 3.0 GW to 3.2 GW, including approximately 300 MW of module shipments to the Company's own projects. Total revenues are expected to be in the range of $1.0 billion to $1.1 billion. Gross margin is expected to be between 16% and 18%.

Canadian Solar sees FY2021 revenue of $5.6-6 billion, versus the consensus of $4.93 billion.

• The Company reiterates full year 2021 total shipment guidance of 18 GW to 20 GW and project sales guidance of 1.8 GW to 2.3 GW, and provides total revenue guidance for 2021, expected to be in the range of $5.6 billion to $6.0 billion.

For earnings history and earnings-related data on Canadian Solar (CSIQ) click here.