Canadian Solar Reports Third Quarter 2015 Results

Roth Capital Reiterates Buy on Canadian Solar (CSIQ) Following 3Q

Roth Capital reiterated a Buy rating and $40.00 price target on Canadian Solar (NASDAQ: CSIQ) following the company's 3Q results and 4Q guidance. CSIQ posted revenues of $850mn vs. preannouncement of $805-815mn, consensus of $734mn. The revenue beat was due to a partial... More

Canadian Solar (CSIQ) Capacity Expansion Continues Accelerating; Roth Affirms at 'Buy'

Roth Capital affirms its Buy rating and $40 price target on Canadian Solar (Nasdaq: CSIQ) following Q3 results and guidance issued Tuesday.

Analyst Philip Shen provided the following summary on Canadian Solar following the report: With the recent sale of 51% of Tranquility (200MWac), the company has... More

SunEdison (SUNE) Defended at Deutsche Bank

Deutsche Bank reiterated a Buy rating on SunEdison (NYSE: SUNE) with a price target of $28. Analyst Vishal Shah called weakness a buying opportunity.

Shah explained, "Combination of perceived increase of complexity of the core business along with TERP's involvement in the warehouse equity... More

Canadian Solar (CSIQ) Tops Q3 EPS Views; Boosts FY15 Revenue Outlook

Canadian Solar (NASDAQ: CSIQ) reported Q3 EPS of $0.79, $0.59 better than the analyst estimate of $0.20. Revenue for the quarter came in at $849.8 million versus the consensus estimate of $616.09 million.

Total solar module shipments were 1,198 MW, of which 1,150 MW were recognized in revenue, compared to 809 MW recognized in revenue in the second quarter of 2015.

The Company had $1.00 billion of cash, cash equivalents and restricted cash as of September 30, 2015, compared to $1.04 billion as of June 30, 2015.

Utility Scale Project Pipeline Update

Canadian Solar's late-stage, utility-scale solar project pipeline now totals approximately 2.5 GWp, with an estimated resale... More