Canadian Solar Reports Second Quarter 2015 Results
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Canaccord Genuity Cuts Price Target on Canadian Solar (CSIQ) Following 18c EPS Beat
August 19, 2015 9:11 AM EDTCanaccord Genuity maintained a Buy rating on Canadian Solar (NASDAQ: CSIQ), and cut the price target to $40.00 (from $45.00), following the company's 2Q15 earnings report. Revenues in Q2 were $636.7M, higher consensus of $593M. EPS was $0.31 compared to consensus estimate of $0.13. Management provided... More
Canadian Solar (CSIQ) Tops Q2 EPS by 18c; Issues Light Q3 Revenue Outlook
August 18, 2015 4:02 PM EDTCanadian Solar (NASDAQ: CSIQ) reported Q2 EPS of $0.31, $0.18 better than the analyst estimate of $0.13. Revenue for the quarter came in at $636.65 million versus the consensus estimate of $592.5 million.
Total solar module shipments were 850 MW, of which 809 MW were recognized in revenue, compared to 1.03 GW recognized in revenue in the first quarter of 2015, and second quarter shipment guidance in the range of 950 GW to 1,000 GW.
Business Outlook
The Company's business outlook is based on management's current views and estimates with... More
