Canadian Solar Reports Mixed Results $CSIQ

I’ve been on vacation for a few days so didn’t get this out Thursdaynight, but Canadian Solar (CSIQ) reported mixed Q1 results.  The company posted a non GAAP EPS of $0.03, 4 cents lower than the analyst estimate of $0.07 on revenue of $336.9 million, vs estimate of $330.97 million.  Those numbers are big increase […] Read more

Canadian Solar Siting New Module Facility In Guelph $CSIQ

Canadian Solar Inc. will locate its new solar module manufacturing factory at 525 Speedvale Ave. Westin Guelph, Ontario. The company expects to commence production earlynext year. The facility is being developed by Canadian Solar SolutionsInc., a wholly owned subsidiary of Canadian Solar. The newfacility will be Canadian Solar’s first feed-in-tariff domesticcontent-compliant solar manufacturing facility in […] Read more

Canadian Solar Shares Destroyed After SEC Subpoena $CSIQ

Over a month ago, Macquarie slashed its rating on Canadian Solar (CSIQ) and said it had lostcredibility in management due to another EPS revision lower due tocurrency exchange losses.  Today, that credibility takes another hitalong with the price of its stock.  The company announced after the bell today that it has been issued a subpoena […] Read more

Wells Fargo Initiates Coverage Of Solar Stocks, PT. 2: $SOLF $YGE $CSIQ

Last night I posted the Well Fargo analyst notes on STP, TSL & SOL as the firm initiatedcoverage of the sector.  This morning I have a few more notes for SOLF,YGE & CSIQ courtesy of Street Insider. Wells Fargo initiates coverage of Solarfun (SOLF) with an Outperform and valuation range of $10-$12.50.  They believethat SOLF […] Read more

Auriga Upgrades Canadian Solar To Buy $CSIQ

Auriga isout upgrading Canadian Solar (CSIQ) this morning to Buy from Hold, butlowered the price target from $25 to $21.  The firm believes that CSIQ’s pre-announcement in which it announced a Forex hit as well as lowermargins, has been priced in for the most part ahead of earnings (noofficial date announced yet). Says the firm: […] Read more

Canadian Solar Grabs 176MW In Canadian Open Field PV Orders $CSIQ

When I first started looking at solar stocks a few years ago, I assumed CanadianSolar was from Canada.  Logical assumption, but this is a Chinesecompany that was doing business almost exclusively in China.  It’scertainly more of a global company now and it can say it has a strongpresence in Canada after announcing contract offers for […] Read more

Canadian Solar Sponsors San Jose Sharks During Playoffs $CSIQ

After reshuffling their roster and running through coaching changes,San Jose may have finally found the elusive missing piece totheir championship puzzle: a little solar heat to thaw their perennialpost-seasn bad luck. Two weeks ago, the San Jose Sharks announced that Canadian Solar(NASDAQ:CSIQ), one of the world’s biggest manufacturers of solar panels, will sponsor the team’s 2010 playoff push. Malcolm […] Read more

Analysts Weigh in on Solar Stocks $WFR $FSLR $CSIQ

A fewnoteworthy analysts comments and rating changes in the solar spacetoday… Soleil Securities reiterated its Sell rating on First Solar (FSLR)but back pedaled a bit saying they are raising their estimates andwouldn’t be short heading into earnings.  They still have a sub $100price target.  How’s that for conviction.  Shares of FSLR were initially positive this […] Read more

Canadian Solar Adopts Zep’s Modular Rack $CSIQ

Canadian Solar has launched a new line of solar modules compatiblewith the racking system from Zep Solar that Zep says can slash the costs and time surrounding installation. Instead of mounting solar panels on the traditional metal frames used now, Zep props up on a device its calls the Interlock Zep. In layman’sterms, the Interlock […] Read more

Barclays Bullish On Solar $TSL $CSIQ $YGE $SOLF $FSLR

The solarsare having a decent day today on the back of a Barclays bullish callthis morning. According to Street Insider, the firmupgraded Solarfun (SOLF) to Equalweight and doubled the price targetwhich sent the stock surging 10%.  They have also raised the pricetarget on several other solar stocks.  Here are the calls.. First Solar (FSLR) from […] Read more

Canadian Solar (CSIQ) Posts Record Revenues $csiq

While Canadian Solar (CSIQ) posted record revenues this morningand excluding one time forex losses beat analyst estimates on the EPSside by a penny.  Shares are up about 3% in premarket trading.  The company posted an EPS of .47/share on surging revenues of $287million which is a record for the company and ahead of the estimate […] Read more

Canadian Solar (CSIQ) Hit 10% After Lowering Margins Guidance $csiq

Canadian Solar (CSIQ) is out this morning updating its outlook forthe 4th quarter and traders aren’t liking the outlook for a lower grossmargin due to higher processing costs, defective production equipmentand clearing of old inventory.  On the bright side, the company doesexpect shipments to be slightly higher than previous estimates of 128 –138MW.  Canadian Solar […] Read more

Who’s Winning the Cleantech Arms Race? (TSL,CSIQ,FSLR)

TheUnited States is rarely referred to as a silver-medal nation. Butthat’s exactly what we’re becoming with respect to the race for cleanenergy. There’s been progress on domestic soil to be sure. Installed windcapacity has grown over 900% since 2000. Solar installations have keptsimilar pace. But there’s an unexpected place where clean technology is beingdeployed at […] Read more