Canadian Solar (CSIQ) Tops Q3 EPS by 20c, Revenues Beat

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Canadian Solar Reports Third Quarter 2020 Results

November 19, 2020 6:07 AM EST

GUELPH, ON, Nov. 19, 2020 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the quarter ended September 30, 2020.

Highlights

Solar module shipments of 3.2 GW, exceeding guidance of 2.9 GW to 3.1 GW. 31% sequential growth in revenue to $914 million, above guidance of $840 million to $890 million. Gross margin of 19.5%, well above guidance of 14% to 16%. Net income attributable to Canadian Solar of $8.8 million, or $0.15 per diluted... More