Canadian Solar shares are trading lower after the company cut its FY23 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar has reduced its FY23 revenue guidance, leading to a decrease in its share price.
August 22, 2023 | 3:46 pm
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NEGATIVE IMPACT
Canadian Solar's stock price is expected to decrease in the short term due to the company's lowered FY23 revenue guidance.
Canadian Solar's decision to lower its FY23 revenue guidance is a negative signal to investors, indicating that the company may not perform as well as previously expected. This can lead to a decrease in demand for the company's shares, resulting in a drop in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100