Canadian Solar Expects Q3 Total Revenue Of $1.6B - $1.8B, Est $2.176B
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar has announced its Q3 revenue expectations to be between $1.6B and $1.8B, which is below the estimated $2.176B. The company anticipates gross margins of 14% to 16% and module shipments of 9.0 GW to 9.5 GW. Battery energy storage shipments are expected to be between 1.4 GWh and 1.7 GWh.
August 22, 2024 | 10:06 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Canadian Solar's Q3 revenue forecast of $1.6B-$1.8B falls short of the $2.176B estimate, potentially impacting investor sentiment negatively. Gross margins are expected to be 14%-16%, with module shipments of 9.0-9.5 GW and battery storage shipments of 1.4-1.7 GWh.
The revenue forecast is significantly below estimates, which is likely to lead to a negative market reaction. The gross margin and shipment figures provide additional context but do not offset the revenue miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100