Canadian Solar (CSIQ +3%) lowers expectations for Q2 module shipments but raises its gross...

|About: Canadian Solar Inc. (CSIQ)|By:, SA News Editor

Canadian Solar (CSIQ +3%) lowers expectations for Q2 module shipments but raises its gross margin outlook to 12%-12.5% from 8%-10% due to one-time items. CSIQ sees recognized solar module shipments of 410-420 MW vs. prior 430-450 MW and 287 MW in the year-ago quarter. Jon Ogg, incredulous at the stock's gain so far: Aren’t one-time items supposed to be ignored?