Canadian Solar (CSIQ) Tops Q4 EPS by 59c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

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Go back to Canadian Solar (CSIQ) Tops Q4 EPS by 59c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

Canadian Solar Reports Fourth Quarter and Full Year 2019 Results

March 26, 2020 6:00 AM EDT

GUELPH, Ontario, March 26, 2020 /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 fourth quarter and full year ended December 31, 2019.

Fourth Quarter 2019 Highlights

Total module shipments were 2.5 GW, compared to 2.4 GW in the third quarter of 2019 and fourth quarter 2019 guidance of 2.3 GW to 2.4 GW. Net revenue was $920 million, compared to $760 million in the third quarter of 2019 and... More