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February 11, 2014
06:01 EDTCSIQCanadian Solar sees Q4 revenue $510M-$520M, consensus $556M
Canadian Solar expects Q4 solar module shipments to be in the range of approximately 605 MW-620 MW, which exceeds the company's original guidance of 480 MW-500 MW provided on November 13, 2013. For FY13 solar module shipments are expected to be in the range of 1,878 MW-1,893 MW. The company expects its revenue for Q4 to be in the range of $510M-$520M. The company expects its gross margin for Q4 including the sale of the Mississippi Mills project in Ontario, Canada, to be in the range of 16%-18%, compared to its original guidance of 13%-15% which did not factor in the potential sales of projects from its Ontario, Canada pipeline.
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