Canadian Solar: Q3 Earnings Insights

Shares of Canadian Solar CSIQ moved higher by 3.3% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 77.27% year over year to $0.15, which beat the estimate of ($0.05).

Revenue of $914,360,000 up by 20.33% year over year, which beat the estimate of $861,930,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Q4 revenue expected to be between $980,000,000 and $1,015,000,000.

How To Listen To The Conference Call

Date: Nov 19, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/zkm26dmd

Price Action

52-week high: $44.86

Company's 52-week low was at $12.00

Price action over last quarter: Up 63.53%

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.