Solar Stocks Could Be Range Round Near-Term - Deutsche Bank (SCTY) (SUNE) (CSIQ)
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Canadian Solar, Inc. (CSIQ) Misses Q1 EPS by 5c; Offers Outlook
May 16, 2014 6:15 AM EDTCanadian Solar, Inc. (NASDAQ: CSIQ) reported Q1 EPS of $0.07, $0.05 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $466.3 million versus the consensus estimate of $431.98 million.
Solar module shipments were 500 MW, compared to 621 MW in the fourth quarter of 2013 and to first quarter guidance in the range of 470 MW to 490 MW.
Business Outlook
The Company's business outlook is based on management's current views and estimates with respect to operating and market conditions, its current order book, global and local financing environment as well as uncertainty relating to customer final... More
