PV energy provider (PVEP), Canadian Solar expects module shipments in the first quarter of 2013 to be much higher than previously guided.
The company had previously guided shipments to be in the range of 290MW – 310MW, yet shipments are expected to be in the range of 335MW to 345MW.
Canadian Solar also noted that it expected improved gross margin over what was previously guided suggesting ASP pressure had not been as bad as expected. Gross margin was expected to be in the range of 9% to10% compared to the previous guidance of 8-10%, and compared to 5% in the fourth quarter of 2012.
The company is expected to release first quarter results on May 28.