Canadian Solar raises 2Q shipment guidance

July 25, 2011
Facebook
Twitter
LinkedIn
Reddit
Email

Bucking the trend for downward revised shipment guidance for the second quarter, Canadian Solar said that it expects module shipments of approximately 295MW, higher than previous guidance of between 245MW-255MW. The company said that increased demand had led to the revision but would also mean gross margin guidance would be at the lower end of its prior guidance range of 13%-15%. Greater reliance on outside purchased solar cells to meet orders was said to be the reason for the lower expected margins.

Canadian Solar had said in May that 100MW of 2Q module shipments would be recognised as revenue in the Q3 because of contract terms. The company did not provide revenue guidance for 2Q. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Read Next

October 23, 2025
Powerlink Queensland is seeking federal approval to expand its existing 330kV Bulli Creek Substation in Southern Queensland to accommodate the grid connection of Genex Power's 775MW Bulli Creek solar PV power plant.
October 23, 2025
Queensland's rooftop solar systems have exceeded 5GW of output for the first time, marking a milestone in Australia's solar expansion.
October 22, 2025
Recurrent Energy, Ampliform and Dimension Energy have announced new financing rounds this month for US solar projects.
Sponsored
October 22, 2025
LONGi vice president Dennis She discusses the value logic behind the company's strategic focus on back contact technology.
October 22, 2025
Leeward Renewable Energy has started commercial operations at its 177MW Ridgely solar project in the US state of Tennessee.
October 22, 2025
Utility giant Engie has signed a 15-year renewable energy power purchase agreement (PPA) with tech giant Apple in Italy.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany