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Alias Born | 03/08/2017 |
Tuesday, March 21, 2017 4:34:19 PM
Canadian Solar (CSIQ -9.2%) plunges more than 9% after missing expectations for both Q4 earnings and revenues, and guiding Q1 revenues below consensus.
CSIQ says it expects Q1 revenues of $570M-$590M vs. $683M analyst consensus estimate, with gross margin of 13%-15%, and sees FY 2017 revenues of $4B-$5B vs. $3.36B consensus.
CSIQ says total solar module shipments set a record high at 1,612 MW, vs. guidance of 1,400-1,500 MW, of which 1,581 MW were recognized in revenue, compared to 1,161 MW recognized in revenue in Q3.
For FY 2017, CSIQ expects total module shipments of 6.5-7 GW, with ~6.17 GW recognized in revenue, and expects to connect 1-1.2 GW of new solar projects globally in 2017.
Recent CSIQ News
- Canadian Solar Earns EcoVadis Silver Sustainability Rating • PR Newswire (US) • 04/17/2024 11:00:00 AM
- Canadian Solar Schedules First Quarter 2024 Earnings Conference Call for May 9 • PR Newswire (US) • 04/16/2024 11:00:00 AM
- Recurrent Energy Secures 343 Million Brazilian Reais Financing for 152 MW Solar Project in Brazil • PR Newswire (US) • 04/15/2024 11:00:00 AM
- Recurrent Energy Secures €110 Million Multi-Currency, Green Loan Facility from Investec Energy and Infrastructure Finance UK • PR Newswire (US) • 04/03/2024 11:00:00 AM
- Canadian Solar Comments on Complaint Filed by Maxeon Solar • PR Newswire (US) • 03/28/2024 11:00:00 AM
- Recurrent Energy Expands Solar Pipeline in Spain with the Acquisition of a Portfolio exceeding 420 MWp • PR Newswire (US) • 03/20/2024 11:00:00 AM
- U.S. Stock Futures Rise Ahead Of PPI and Retail Sales; Oil Prices Climb • IH Market News • 03/14/2024 11:41:01 AM
- Canadian Solar Reports Fourth Quarter and Full Year 2023 Results • PR Newswire (US) • 03/14/2024 10:00:00 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 03/04/2024 01:22:49 PM
- Canadian Solar Partners with Sol Systems to Ramp Up U.S. Module Manufacturing • PR Newswire (US) • 03/04/2024 12:00:00 PM
- Canadian Solar Celebrates Contribution to Historic 100% Renewable Energy-Powered Super Bowl LVIII in Las Vegas • PR Newswire (US) • 02/29/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/28/2024 11:16:28 AM
- Recurrent Energy Closes Project Financing for 119 MW Solar Project in Mexico • PR Newswire (US) • 02/27/2024 12:00:00 PM
- CANADIAN SOLAR WINS TOP BRAND PV AWARD IN THE UNITED STATES • PR Newswire (US) • 02/15/2024 12:00:00 PM
- Canadian Solar Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call for March 14 • PR Newswire (US) • 02/14/2024 12:00:00 PM
- Recurrent Energy Closes $160 Million in Project Financing, Secures Microsoft as Customer for 127 MW Solar Project in Louisiana • PR Newswire (US) • 02/06/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/23/2024 12:07:26 PM
- Recurrent Energy Announces $500 Million Capital Commitment from BlackRock to Grow Its Global Renewable Energy Platform • PR Newswire (US) • 01/23/2024 12:00:00 PM
- Canadian Solar's e-STORAGE to Deliver 220 MWh DC of Battery Storage Solutions to Epic Energy's Mannum Project in South Australia • PR Newswire (US) • 01/08/2024 12:05:00 PM
- Recurrent Energy Completes Sale of 100 MW/200 MWh Battery Energy Storage Project in South Australia to Epic Energy • PR Newswire (US) • 01/08/2024 12:00:00 PM
- Canadian Solar's e-STORAGE Launches SolBank 3.0 with Higher Density and Advanced Safety • PR Newswire (US) • 12/12/2023 12:00:00 PM
- Apple Boosts Vietnam Production, Broadcom Revenue Miss, Stellantis Job Cuts – Latest Updates • IH Market News • 12/08/2023 11:23:53 AM
- Canadian Solar's e-STORAGE to Deliver 1,170 MWh DC of Battery Storage Solutions to the Largest Battery Storage Project in the UK • PR Newswire (US) • 12/07/2023 12:00:00 PM
- Canadian Solar's e-STORAGE to Deliver 226 MWh DC of Battery Storage Projects to ENGIE in the UK • PR Newswire (US) • 12/06/2023 12:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/01/2023 11:26:54 AM
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM