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It's still no fun to be a solar manufacturer. Canadian Solar (CSIQ -14%) is seeing huge losses...

It'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)
Comments (2)
  • All the Anointed One's soldiers and all his men couldn't put humpty together again.
    15 Nov 2012, 01:56 PM Reply Like
  • Solar has the same future as the typewriter industry.
    15 Nov 2012, 03:29 PM Reply Like
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