Canadian Solar's Second Quarter Disappointed on Every Level
The second quarter of 2017 will likely prove to have been a high point for Chinese solar manufacturers, which made it a key for Canadian Solar (NASDAQ: CSIQ). In results released Monday before the market opened, the Chinese-Canadian company reported an increase in shipments and revenue, but also reported a non-GAAP loss that was a little surprising given strong industry trends.
If Canadian Solar can't make money when solar module prices are rising and project values are high, when will it be able to make money? That is ultimately the question investors are faced with when they consider this solar giant.
Image source: Getty Images.
Source: Fool.com
Canadian Solar Inc. Stock
€13.42
0.450%
Our community is currently high on Canadian Solar Inc. with 9 Buy predictions and 5 Sell predictions.
However, we have a potential of -10.58% for Canadian Solar Inc. as the target price of 12 € is below the current price of 13.42 €.
