Canadian Solar Shines Following Raised Guidance

Canadian Solar

shares are trading higher by $1.43 at $22.11 in Monday's session. The catalyst for the rally is announcement by the company of an increase in shipment and sales that will boost Q3 revenues from the $570M-$620M range to $805M-815M range. Following a higher open, the issue retreated to $21.68 before resuming its rally. So far, it has reached $22.75 before falling back to the $22 area. That marks the highest level for it since it peaked on August 18 at $25. em>Joel Elconin is the co-host of

, a daily trading idea radio show.