Canadian Solar (CSIQ) Tops Q1 EPS by 98c, Offers Q2 Guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/30/2026

1. NOW
2. GOOGL
3. MSFT
4. FTNT
5. EBAY
6. BIIB
7. CMG
8. TENB
9. KLAC
10. ETSY

Go back to Canadian Solar (CSIQ) Tops Q1 EPS by 98c, Offers Q2 Guidance

Canadian Solar Reports First Quarter 2020 Results

May 28, 2020 6:14 AM EDT

GUELPH, 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