China Sunergy +14% on Q1 guidance hike

|About: China Sunergy Co., Ltd. (CSUN)|By:, SA News Editor

China Sunergy (CSUN +14.1%) now expects Q1 solar cell/module shipments to be above a prior guidance range of 130MW-140MW. Gross margin is still expected to be in a mid-single digit range.

The guidance hike comes 6 days after Canadian Solar hiked its Q1 shipment forecast. Yingli and Trina previously issued Q1 warnings.

Full Q1 results are due on May 28.

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