Canadian Solar (CSIQ) Reports In-Line Q3 EPS; Sees Q4 Shipments Up Sequentially

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Canadian Solar Reports Third Quarter 2016 Results

November 21, 2016 6:00 AM EST

GUELPH, Ontario, Nov. 21, 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 third quarter ended September 30, 2016. 

Third Quarter 2016 Highlights

Total solar module shipments were 1,185 MW, of which 1,161 MW was recognized in revenue, compared to 1,290 MW recognized in revenue in the second quarter of 2016, and third quarter guidance in the range of 1,200 MW to 1,300 MW. Net revenue was $657.3 million, compared to $805.9 million in the second... More