Canadian Solar (CSIQ) Tops Q1 EPS by 25c, Beats on Revenues

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Canadian Solar Reports First Quarter 2018 Results

May 16, 2018 6:06 AM EDT

GUELPH, Ontario, May 16, 2018 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced its financial results for the first quarter of 2018 ended March 31, 2018. 

First Quarter 2018 Highlights

Total solar module shipments were 1,374 MW, compared to 1,831 MW in the fourth quarter of 2017, and first quarter 2018 guidance in the range of 1.30 GW to 1.35 GW. Net revenue was $1.42 billion, compared to $1.11 billion in the fourth quarter of 2017, and first quarter 2018 guidance in the range... More