CSIQ Appoints New CFO, Affirms Projection

Canadian Solar Inc CSIQ has appointed Andrew Chen as the company's new Chief Financial Officer (CFO). The company has also affirmed its Q3 projections for shipments. Chen will succeed Arthur Chien, who will leave CSIQ at year's end. Canadian Solar has projected 2010 shipments to reach the middle to the high end of its previous projections of 700 mw to 800mw. The company has affirmed to ship 190mw to 200mw of products at 14.5% to 15.5% gross-profit margin in the third quarter. CSIQ shares rose 0.69% to $15.59 in pre-market trading. Read more from Benzinga's Company news.