Canadian Solar Reports Third Quarter 2009 Results and Issues 2010 Guidance

ONTARIO, Canada, Nov. 17 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (the "Company", "Canadian Solar" or "we") (Nasdaq: CSIQ - News) today announced its unaudited financial results for the third quarter of 2009 ended September 30, 2009 and its outlook for the fourth quarter of 2009 and the full year 2010. Net revenues for the third quarter of 2009 were $213.1 million, compared to net revenues of $114.2 million for the second quarter of 2009 and $252.4 million for the third quarter of 2008.Net income for the third quarter of 2009 was $25.3 million, or $0.69 per diluted share, compared to $17.7 million, or $0.49 per diluted share, for the second quarter of 2009 and $11.1 million, or $0.31 per diluted share, for the third quarter of 2008.Shipments for the third quarter of 2009 were 102.6 MW, compared to shipments of 48.2 MW for the second quarter of 2009 and 60 MW for the third quarter of 2008. Third quarter 2009 sales came from all geographic markets important to the solar industry, with Europe continuing to be the Company's largest contributing geographic market. Sales in that region grew strongly in the quarter, increasing 179% from the second quarter of 2009.Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented: "We broke our previous records on both MW shipment volumes and net profit in this quarter. The significant increases in sales and earnings were the result of the successful implementation of our global sales strategy combined with our strong brand name recognition, cost control and effect...
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Canadian Solar 3Q more than doubles, shares jump

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Canadian Solar Inc. Earnings Call scheduled for 8:00 am ET today

Call DetailsCanadian Solar Inc. Earnings Conference Call (Q3 2009)Tue, Nov 17, 2009, 8:00 am EasternAbout Canadian Solar Inc. (NasdaqGM:CSIQ)Other Calls Canadian Solar Inc., together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar cell and solar module products that convert sunlight into electricity for various uses in Canada and internationally. Its products include a range of standard solar modules for use in various residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products consisting of customized modules that its customers incorporate into their products, such as solar-powered bus stop lighting; and specialty products, such as solar-powered car battery chargers. In addition, it implements solar power development projects, primarily in conjunction with government organizations to provide solar power generation in rural areas of the People's Republic of China. The company sells its products under the Canadian Solar brand name. It offers its standard solar modules primarily to distributors, system integrators, utilities, and OEM companies, as well as to solar projects; and specialty solar modules and products directly to various manufacturers who integrate the specialty solar modules into their own products. The company sells its solar module products through its direct sales force and sales agents. It has a strategic cooperation agreement with Guodian Power Development Co. Ltd. to design, invest, build, operate, and maintain solar power plants in China. Canadian Solar Inc. was founded in 2001 and is based in Markham, Canada.More Info:Quote |Profile...
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Q3 2009 Canadian Solar Inc. Earnings Release - Time Not Supplied

Earnings Announcements for Tuesday, November 17CompanySymbolEPSEstimate*TimeAdd to MyCalendarConferenceCallACORN INTERNATIONAL INCATVN/ABefore Market OpenAddADVANCED SEMICONDUCTOR MANUFACTURING CORP3355.HKN/AAfter Market CloseAddListenAFTERSOFT GROUP INCASFG.OBN/ATime Not SuppliedAddAstro-Med, Inc.ALOTN/AAfter Market CloseAddListenAutodesk, Inc.ADSK0.23After Market CloseAddListenBASTIDE LE CONFORT MEDICALBLC.PAN/ATime Not SuppliedAddBritish Lan...
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[video] Stock Pops & Drops

All CNBC  |  News  |  Video...
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InPlay: Canadian Solar shares making a technical move through 20.00 resistance heading into the opening bell

6:26PM Boise Inc. announced that the previously announced secondary offering of 17 mln shares of its common stock has been priced at $4.85 per share (BZ) 5.09 +0.04 :   5:01PM Oncolytics Biotech announces unit offering (ONCY) 3.43 -0.26 : Co announced that it is undertaking an overnight marketed offering of units, each comprised of one common share and a portion of a common share purchase warrant to be effected in each of the Canadian provinces of British Columbia, Alberta, Manitoba and Ontario by way of a prospectus supplement to Oncolytics' base shelf short form prospectus, and in the United States...  ONCY intends to use the net proceeds from the offering to fund its previously announced Phase III combination REOLYSIN and paclitaxel/carboplatin trial for patients with platinum-failed head and neck cancers, its other clinical development and research and development activities, and for general corporate and working capital purposes. 5:00PM Coldwater Creek announced the resignation of Tim Martin, Senior Vice President and Chief Financial Officer (CWTR) 5.81 -0.27 : Co has appointed John E. Hayes, III, Senior Vice President and General Counsel of Coldwater Creek, to serve as interim Chief Financial Officer, effective November 25, 2009, until a permanent successor is named. 4:55PM Quest Diagnostics announces pricing of tender offer for any and all of certain of its outstanding notes (DGX) 59.07 -0.35 : Co announced the determination of the pricing for its previously announced cash tender offer to purchase any and all of its 5.125% Senior Notes due 2010 and any and all of its 7.50% Senior Notes due 2011. 4:44PM Hampton Roads Bankshares defers dividends on TARP preferred stock (...
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Canadian Solar Sees Bully 2010

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Pops & Drops: Barnes & Noble, Palm...

Following are the day’s biggest winners and losers. Find out why shares of Barnes & Noble and Palm popped while Jacobs Engineering and Smith International dropped.POPS (stocks that jumped higher)Barnes & Noble (BKS) popped 7%. Supermarket mogul Ronald Burkle of Yucaipa bought 457,000 shares in the company, boosting his stake to roughly 17%. - I would not be in this name, says Karen Finerman.Sina (SINA) popped 10%. The Chinese Internet company included commentary about signs of recovery as it reported third quarter results. - China ad spend is a very good story, says Tim Seymour.Palm (PALM) popped 6%. Kaufman upgraded the smartphone maker to ‘buy’ from ‘hold’ saying worries over increased competition are overdone. Barclays also upgraded the company saying further downside to the stock is limited. - I'd play Apple instead, says Joe Terranova.Saks (SKS) popped 4%. The luxury department store surprised the Street with an unexpected profit due to reduced inventories and expenses. - Signs of life, chuckles Karen Finerman.Dillard’s (DDS) popped 9%. The department store beat on earnings with a surprise profit for the third quarter. - Good for them, says Pete Najarian.Canadian Solar (CSIQ) popped 2%. The Chinese (not Canadian) solar company said third...
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