Project Sales Delays Once Again Offer A Buying Opportunity For Canadian Solar

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About: Canadian Solar Inc. (CSIQ)
by: Investing Hobo
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Investing Hobo
Long/short equity, value, contrarian, solar
Summary

Similar with U.S. competitor First Solar, delays in closing Japanese project sales are pushing back revenues and profits by a quarter or two.

Canadian Solar's core module sales business segment remained very strong, posting record shipment levels and the highest gross margins in over a decade.

The delay in closing project sales does not eliminate but rather pushes back potential earnings into 2020.

(Image from Canadian Solar showing one of their Japanese solar projects, which has been the root of recent sales delays.)

For the second time this year, Canadian Solar (CSIQ) has been hit by