Canadian Solar (CSIQ) Tops Q1 EPS by 98c, Offers Q2 Guidance
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Canadian Solar Reports First Quarter 2020 Results
May 28, 2020 6:14 AM EDTGUELPH, Ontario, May 28, 2020 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the quarter ended March 31, 2020.
First Quarter 2020 Highlights
Total module shipments increased 41% year-over-year to 2.2 GW, in line with first quarter 2020 guidance of 2.15 GW to 2.25 GW. Net revenue increased 70% year-over-year to $826 million, exceeding first quarter 2020 guidance of $780 million to $810 million. Gross profit increased 108% year-over-year to $223 million. Gross margin increased 480 basis points... More