Market Currents
It's still no fun to be a solar manufacturer. Canadian Solar (CSIQ -14%) is seeing huge losses...
-
Thursday, November 15, 2012, 1:55 PM ETIt's still no fun to be a solar manufacturer. Canadian Solar (CSIQ -14%) is seeing huge losses following its big Q3 miss, which is contributing to yet another sector rout (TAN -3.6%). Canadian's gross margin fell to a mere 2.2%, and would likely have been negative if not for its efforts (similar to those of peers) to expand into plant construction. The company expects to ship 380MW-420MW of modules in Q4, compared with 384MW in Q3, and record a gross margin of 1%-3%. (yesterday) (transcript)
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 2 comments: