Canadian Solar Reports First Quarter 2020 Results
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Go back to Canadian Solar Reports First Quarter 2020 Results
May 29, 2020 8:37 AM EDT
Oppenheimer analyst Colin Rusch raised the price target on Canadian Solar (NASDAQ: CSIQ) to $25.00 (from $24.00) while maintaining a Outperform rating following the company's 1Q report. CSIQ reported 1Q GAAP EPS of $1.84 vs. a consensus estimate of $0.86. Revenue of $825.6M exceeded guidance of $780-810M and... More
May 28, 2020 6:17 AM EDT
Canadian Solar (NASDAQ: CSIQ) reported Q1 EPS of $1.84, $0.98 better than the analyst estimate of $0.86. Revenue for the quarter came in at $826 million versus the consensus estimate of $792.65 million.
GUIDANCE:
Canadian Solar sees Q2 2020 revenue of $630-680 million, versus the consensus of $779.7 million.
The Company's business outlook is based on management's current views and estimates given existing market conditions, order book, production capacity, anticipated timing of project sales, and the global economic environment. This outlook is subject to uncertainty with respect to, among other things, final customer demand and... More
