Benzinga | Aug 7, 2020 07:19AM EDT

Canadian Solar: Q2 Earnings Insights

Shares of Canadian Solar (NASDAQ:CSIQ) increased 9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 91.35% over the past year to $0.09, which beat the estimate of ($0.04).

Revenue of $695,846,000 declined by 32.83% year over year, which beat the estimate of $662,950,000.

Looking Ahead

Q3 revenue expected between $840,000,000 and $890,000,000.

Details Of The Call

Date: Aug 07, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/4wfpnbe3

Technicals

52-week high: $25.85

52-week low: $12.00

Price action over last quarter: Up 24.20%

Company Overview

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments MSS segment and Energy segment. The MSS segment involves the design, development, manufacturing, and sale of solar power products, including standard solar modules and specialty solar products. Its Energy segment consists of solar power project development and sale and EPC and development services. Most of the revenue is earned from the MSS segment. Geographically, it derives majority revenue from Asia and also has a presence in the Americas and Europe and other regions.