Market Overview

Recap: Canadian Solar Q1 Earnings

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Shares of Canadian Solar (NASDAQ:CSIQ) moved higher by 6.3% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 734.48% over the past year to $1.84, which beat the estimate of $0.86.

Revenue of $825,635,000 higher by 70.33% from the same period last year, which beat the estimate of $792,650,000.

Guidance

Canadian Solar hasn't issued any earnings guidance for the time being.

Q2 revenue expected to be between $630,000,000 and $680,000,000.

Conference Call Details

Date: May 28, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/7qjs9k83

Price Action

52-week high: $25.35

52-week low: $12.00

Price action over last quarter: Up 34.16%

Company Profile

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments MSS segment and Energy segment. The MSS segment involves the design, development, manufacturing, and sale of solar power products, including standard solar modules and specialty solar products. Its Energy segment consists of solar power project development and sale and EPC and development services. Most of the revenue is earned from the MSS segment. Geographically, it derives majority revenue from Asia and also has a presence in the Americas and Europe and other regions.

 

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Posted-In: Earnings News