Canadian Solar Reports First Quarter 2021 Results
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Canadian Solar (CSIQ) Misses Q1 EPS by 5c, Revenues Beat
May 20, 2021 6:04 AM EDTCanadian Solar (NASDAQ: CSIQ) reported Q1 EPS of $0.36, $0.05 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.05 billion.
Highlights
Solar module shipments of 3.1 GW in the first quarter of 2021, compared to guidance of 3.0 GW to 3.2 GW.Revenue increased 32% year-over-year ("yoy") to $1.1 billion, compared to guidance of $1.0 billion to $1.1 billion.Gross margin of 17.9%, compared to guidance range of 16% to 18%.Net income attributable to Canadian Solar of $23 million, or $0.36 per diluted share.1.2 GWh of battery storage projects under construction.Total... More