Canadian Solar Cuts FY23 Total Revenue Outlook From $9B-$9.5B To $8.5B-$9.0B Vs. Consensus $9.27B
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar has revised its FY23 total revenue outlook, reducing the top end from $9.5B to $9.0B. The new range is now $8.5B-$9.0B, compared to the consensus estimate of $9.27B.
August 22, 2023 | 10:09 am
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NEGATIVE IMPACT
Canadian Solar's revision of its FY23 revenue outlook could potentially impact its stock price negatively in the short term.
Canadian Solar's downward revision of its FY23 revenue outlook indicates potential challenges in achieving its financial targets. This could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100