Why Canadian Solar Stock Just Popped 13%
Shares of solar power company Canadian Solar (NASDAQ: CSIQ) are on a tear -- up 13% as of 10:50 a.m. EDT after reporting estimate-crushing earnings for its fiscal second quarter of 2019 this morning.
Expected to report $0.30 per share in profit for the quarter on sales of $990.3 million, Canadian Solar instead told investors today that it earned at least twice that -- $0.77 per share pro forma and $1.04 per share as calculated according to generally accepted accounting principles (GAAP).
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Source Fool.com
