Canadian Solar Expects Q3 Total Revenue Of $1.9B-$2.1B, Consensus $2.47B
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar has projected its Q3 total revenue to be between $1.9B and $2.1B, which is below the consensus estimate of $2.47B. The company's gross margin is expected to be between 17.5% and 19.5%. Total module shipments recognized as revenues by CSI Solar are expected to be in the range of 8.5 GW to 8.7 GW.
August 22, 2023 | 10:06 am
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NEGATIVE IMPACT
Canadian Solar's lower than expected Q3 revenue projection could negatively impact its stock price in the short term.
Canadian Solar's Q3 revenue projection is significantly lower than the consensus estimate. This could lead to a negative market reaction, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100