Canadian Solar (NASDAQ:CSIQ) reported second-quarter EPS of 77 cents, which beat the analyst consensus of 30 cents. The company reported sales $1.036 billion versus the $990.29 million estimate.
Canadian Solar reported total solar module shipments were 2,143 MW, compared to 1,575 MW in the first-quarter of 2019 and second-quarter 2019 guidance of 1.95 GW to 2.05 GW.
As of July 31, the company's portfolio of utility-scale solar power plants in operation was 795.8 MWp with an estimated total resale value of approximately $1 billion.
Canadian Solar shares were trading up 13.11% at $23.30 in Thursday’s pre-market session. The stock has a 52-week high of $25.89 and a 52-week low of $12.30.
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