- Canadian Solar (NASDAQ:CSIQ): Q2 EPS of $0.95 may not be comparable to consensus of $0.58.
- Revenue of $623.8M (+64.0% Y/Y) beats by $46.15M.
- Press Release
- Canadian Solar (NASDAQ:CSIQ) +8.1% premarket after posting better than expected Q2 earnings and revenues, led by strong module demand out of Japan, Germany, the U.K. and the U.S., as well as progress in the build-out of utility-scale solar projects in Canada
- Q2 solar module shipments totaled 646 MW vs. company guidance of 600-630 MW, 500 MW in Q1 and 455 MW in the year-ago quarter; Q2 solar module shipments included 70 MW used in the company's total solutions business vs. 49 MW in Q1 and 35 MW a year ago.
- Q2 gross margin widened to 19% from 12.8% in the prior-year period.
- Issues in-line guidance for Q3, seeing revenues of $760M-$810M vs. $784M analyst consensus, with module shipments of 720-750 MW; expects gross margin of 19%-21%.
- Says it is in a position to launch a yieldco, and will discuss the potential for an early 2015 launch.
You can also check previous stocks to buy reports- Right Here
Below these are the Solar stocks I am follow on 2014.
Solar Stocks List
Solar Pure Plays:
•SunPower Corporation (Nasdaq: SPWR)
•First Solar Inc. (Nasdaq: FSLR)
•Evergreen Solar (Nasdaq: ESLR)
•SunTech Power Holdings (NYSE: STP)
•Trina Solar (NYSE: TSL)
•Solarfun Power Holdings (Nasdaq: SOLF)
•Canadian Solar Inc. (Nasdaq: CSIQ)
•JA Solar Holdings (Nasdaq: JASO)
•China Sunergy (Nasdaq: CSUN)
•LDK Solar (NYSE: LDK)
•ReneSola Ltd. (NYSE: SOL)
Smaller companies with Solar exposure:
•Hoku Scientific (Nasdaq: HOKU)
•Daystar Technologies (Nasdaq: DSTI)
•Spire Corporation (Nasdaq: SPIR)
Solar Energy ETFs:
•Market Vectors Solar Energy ETF (KWT)
•Claymore/MAC Global Solar Energy (TAN)
Bigger companies with Solar exposure:
•MEMC Electronics (NYSE: WFR)
•General Electric Co. (NYSE: GE)
•Boeing Co. (NYSE: BA)
•British Petroleum (NYSE: BP)
•Royal Dutch Shell (NYSE: RDS-B)
•Kyocera (NYSE: KYO)
•Applied Materials (Nasdaq: AMAT)
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com