28 Jan '17, 3am

Canadian Solar using power plant projects as buffer to falling module demand and ASP's:

Canadian Solar using power plant projects as buffer to falling module demand and ASP's:

Canadian Solar reported second quarter 2016 PV module shipments (recognized in revenue) of 1,290MW, compared to 1,172MW recognized in revenue in the first quarter of 2016. Image: Canadian Solar ‘Silicon Module Super League’ (SMSL) member Canadian Solar has retained both PV module shipment and revenue guidance for 2016, despite fears of overcapacity hitting both third party demand and ASP declines as it plans tight inventory control, curtail capacity expansions and use its downstream PV project development business as its overall buffer. Canadian Solar maintained its guidance for total module shipments to be in the range of 5.4GW to 5.5GW, with approximately 5GW recognized in revenue, primarily as third party module sales. The company also maintained its guidance on revenue at US$3billion to US$3.2 billion. Responding to financial analyst question in its second quarter earn...

Full article: http://www.pv-tech.org/news/canadian-solar-using-power-pl...

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