Canadian Solar Reports First Quarter 2015 Results

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Concerns Over Canadian Solar's (CSIQ) Q2 Outlook Likely 'Misplaced' - Roth Capital

May 8, 2015 6:57 AM EDT

Roth Capital affirms Canadian Solar (Nasdaq: CSIQ) at Buy with a price target of $40 following Q1 results and outlook.

Analyst Philip Shen noted that Canadian Solar's strong Q1 reults came on the back of solid shipment volume and pull-forward of Q2... More

Canadian Solar (CSIQ) Tops Q1 EPS by 44c

May 7, 2015 6:41 AM EDT

Canadian Solar (NASDAQ: CSIQ) reported Q1 EPS of $1.04, $0.44 better than the analyst estimate of $0.60. Revenue for the quarter came in at $860.9 million versus the consensus estimate of $735.12 million.

Total solar module shipments were 1.23 GW, of which 1.03 GW was recognized in revenue, compared to 897 MW recognized in revenue in the fourth quarter of 2014, and first quarter guidance in the range of 1.0 GW to 1.03 GW

Utility Scale Project Pipeline Update

During the first quarter of 2015, Canadian Solar's late-stage, utility-scale solar projects increased by approximately 1.0 GW to 2.5 GW principally due to the acquisition of... More