Canadian Solar Inc. (CSIQ)

[eFinanceMarkets]

$CSIQ Canadian Solar (NASDAQ:CSIQ) -2.6% premarket after lowering Q4 revenue guidance to $1.04B-$1.08B from $1.77B-$1.81B previously and below the $1.76B analyst consensus estimate, in part to reflect the timing of certain utility-scale solar project sales.

CSIQ also cuts its full-year revenue guidance to $3.33B-$3.37B from $4.05B-$4.09B previously.

At the same time, CSIQ slightly raises FY 2017 guidance for total solar module shipments to 6.8-6.9 GW from its earlier outlook for 6.7-6.8 GW; for Q4, CSIQ now sees solar module shipments of 1,720-1,820 MW vs. previous guidance of 1,650-1,750 MW.

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