Canadian Solar (CSIQ) Tops Q2 EPS by 38c, Revenues Beat
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Canadian Solar Reports Second Quarter 2020 Results
August 7, 2020 6:06 AM EDTGUELPH, ON, Aug. 7, 2020 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the quarter ended June 30, 2020.
Second Quarter 2020 Highlights
31% sequential increase in total module shipments to 2.9 GW, exceeding guidance of 2.5 GW to 2.7 GW. Net revenue of $696 million exceeding guidance of $630 million to $680 million. Gross margin of 21.2% exceeding guidance of 18.5% to 20.5%. 17% reduction in operating expenses compared to the second quarter of... More