Canadian Solar shares are trading higher after the company reported better-than-expected Q1 EPS results, issued Q2 revenue guidance above estimates and raised FY23 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar reported better-than-expected Q1 EPS results, issued Q2 revenue guidance above estimates, and raised FY23 revenue guidance, causing its shares to trade higher.
May 18, 2023 | 12:53 pm
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Canadian Solar's better-than-expected Q1 EPS results, higher Q2 revenue guidance, and increased FY23 revenue guidance have led to a rise in its share price.
Canadian Solar's strong Q1 EPS results, coupled with higher Q2 and FY23 revenue guidance, indicate a positive outlook for the company's financial performance. This news is likely to attract investors, driving up the share price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100