Canadian Solar Inc reports results for the quarter ended June 30 - Earnings Summary
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Canadian Solar Inc reported a quarterly adjusted loss of 8 cents per share for the quarter ended June 30, missing analysts' expectations of $1.61 per share. Revenue increased by 3.6% to $1.69 billion, below the anticipated $1.95 billion. The average analyst rating is "hold," with a median 12-month price target of $12.50, slightly below the last closing price of $12.75. The company's shares rose 15.5% this quarter and 14.7% year-to-date.
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