Canadian Solar Reports Second Quarter 2022 Results
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GLJ Warns of Solar Price War, Reiterates Sell Ratings
August 19, 2022 12:30 PM EDTGLJ research analyst Gordon Johnson said in a note to clients Friday that Tongwei started a price war last night in the solar module space.
The analyst explained that Chinese solar company Tongwei won the bidding war for DR powers fifth round of solar module procurement, "marking Tongweis official entry into the solar module 'competition battle'/price war. As a result, Chinese-listed solar stocks sold off hard on the news.
"What sparked our interest was... More
Canadian Solar (CSIQ) Extends Gain, Up 16%
August 18, 2022 9:46 AM EDTCanadian Solar (NASDAQ: CSIQ) Extends Gain, Up 16%
Canadian Solar (CSIQ) Tops Q2 EPS by 59c
August 18, 2022 6:55 AM EDTCanadian Solar (NASDAQ: CSIQ) reported Q2 EPS of $1.07, $0.59 better than the analyst estimate of $0.48. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.23 billion.
Solar module shipments of 5.06 GW, at the high end of 4.9 GW to 5.1 GW guidance... More