Canadian Solar Q1, 2016 results: Net revenue down 35.6%; shipments in the range of guidance

Canadian Solar’s total solar photovoltaic (PV) module shipments were 1,198 MW, of which 1,172 MW were recognized in revenue, compared to 1,398 MW recognized in revenue in the fourth quarter of 2015, and first quarter shipment guidance in the range of 1,085 MW to 1,135 MW.
Net revenue in the first quarter of 2016 was USD 721.4 million, down 35.6% from USD 1,120.3 million in the fourth quarter of 2015 and 16.2% from USD 860.9 million in the first quarter of 2015.

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