17 Aug '11, 7pm

Canadian Solar: Strong Q2 Revenue, Slim Margins: Canadian Solar (NASDAQ: CSIQ) reported its second quarter fin...

Canadian Solar (NASDAQ: CSIQ) reported its second quarter financial results today. While Q-Cells , SunPower, Trina , and even the mighty First Solar have had difficult quarters, firms like Ascent Solar are struggling, and Evergreen Solar has declared bankruptcy -- Canadian Solar has exceeded expectations on revenue --although it has seen some erosion of margins. CSIQ Q2 2011 highlights from the earnings call: Solar module shipments were 287 megawatts, up 58.6 percent from 181 megawatts in the second quarter of 2010 Net revenue was $481.8 million, up 46.6 percent from $328.7 million in the second quarter of 2010 Gross profit was $63.7 million, up 42.8 percent from $44.6 million in the second quarter of 2010 Gross margin was 13.2 percent, compared to 13.6 percent in the second quarter of 2010 Sales to European markets in the second quarter of 2011 accounted for 76.6 percent ...

Full article: http://www.greentechmedia.com/articles/read/Canadian-Sola...

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