Canadian Solar backs FY14 revenue guidance of $2.7B-$2.9B, consensus $2.88B Backs FY14 guidance for annual module shipments to be in the range of 2.5 GW-2.7 GW, including 400 MW-500 MW of project recognition. In addition, the company expects to build and/or hold up to 250 MW of project assets during 2014.
Solar stock weakness seems overdone, says JPMorgan JPMorgan attributes the 7% selloff in Tier-1 solar company stocks since May 15 to negative news from Yingli (YGE) and Hanergy Thin Film. The firm believes Yingli's issues are company-specific and that Trina Solar (TSL) results are a better barometer for the solar industry than Yingli and Hanergy. The firm's top picks in Alternative Energy are Canadian Solar (CSIQ) and SolarCity (SCTY). It also has Overweight ratings on Cree (CREE), Enphase Energy (ENPH) and Veeco (VECO).