Canadian Solar Reiterates Q3, Full Year Guidance $CSIQ

Not only did Canadian Solar (CSIQ) announce a new CFO in Andrew Chen, but the company has reiterated its Q3 and full year shipments guidance this morning.

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For Q3 the company expects shipments between 190 – 200MW and grossmargins of 14.5 – 15.5% and full year shipments at the mid to high range of the previous guidance of 700 – 800MW.

Shares are trading up about 5% today and closing in on resistance of the 200 day moving average.