Canadian Solar Boosts Annual Module Guidance, Shares Jump

By [email protected] Canadian Solar handily beat Q2 expectations on Thursday, reporting module shipments that outpaced guidance and better-than-anticipated profits. The module maker and project developer significantly increased its annual shipment guidance to 8.4 to 8.5 gigawatts, up from 7.4 to 7.8 gigawatts.

CEO Shawn Qu said the results put Canadian Solar “in the most competitive position in the company’s history.” The company’s stock jumped about 10 percent after its Q2 results went live, bringing the share price just below $23.

Among the highlights of Canadian Solar’s quarter:

Module shipments grew from 1,757 megawatts in Q1 to 2,143 megawatts in Q2, topping the high end of

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