|By PR Newswire||
|August 18, 2014 09:20 AM EDT||
LONDON, August 18, 2014 /PRNewswire/ --
Investor-Edge.com has issued complimentary post-earnings coverage on Canadian Solar Inc. (NASDAQ: CSIQ). The company was featured in the headlines on Wednesday, August 13, 2014, for reporting a 64% year-over-year surge in net revenue in the second quarter of 2014. Furthermore, Canadian Solar Inc.'s operating margin improved 7.7 percentage points year-over-year, during the reported quarter. Our free coverage report can be accessed at:
During the second quarter 2014, Canadian Solar Inc.'s gross profit improved to $118.23 million from $68.61 million in Q1 2014 and $48.67 million in the prior year period, primarily due to higher module shipments, higher module average selling price, lower module manufacturing cost and higher revenue contribution from the company's total solutions business. Gross margin for the reported quarter improved to 19.0%, from 14.7% in the first quarter of 2014 and 12.8% in Q2 2013, meeting the higher end of the guidance range of 17%-19%. The global solar power company's Q2 2014 operating margin came in at 10.9% as compared to 5.7% in the previous quarter and 3.2% in the year-ago period. Solar module shipments for Q2 2014 stood at 646 MW, compared to 500 MW in the first quarter of 2014, and above the second quarter guidance range of 600 MW- 630 MW. The free research on CSIQ can be downloaded as in PDF format at:
For the quarter ended June 30, 2014, sales to the Americas contributed to 55.5% of net revenues, compared to 43.6% in prior quarter and 37.8% in Q2 2013. Europe's contribution to net revenue in the reported quarter also improved to 14.7% from 6.0% in the first quarter 2014 and 10.6% in the year ago quarter. However, share of Asia and other markets in net revenues for Q2 2014 declined to 29.8% from 50.4% in Q1 2014 and 51.6% in Q2 2013. During the quarter, Canadian Solar Inc. concluded the sale of one solar power plant in Ontario, Canada to an affiliate of Concord Green Energy, valued over C$60 million. During Q2 2014, the company also entered into an engineering, procurement and construction agreement with Kingston Solar LP, a solar energy partnership formed by Samsung Renewable Energy Inc. ("Samsung"), to construct a 140 MW DC utility-scale solar power plant. Canadian Solar Inc. expects this project to generate revenue of over C$300 for the company.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc. said that the strong module demand from Japan, Germany, the UK and the US, as well as the progress in the build-out of the company's utility-scale solar projects in Canada, led to shipments and revenues topping the high end of the Company's guidance. Mr. Qu asserted that the company is making steady progress in key developing markets in Asia, the Middle East, Latin America and Africa, and continues to see robust demand for solar energy solutions products and services across all geographies and market segments. Meanwhile, Michael G. Potter, Senior Vice President and Chief Financial Officer at Canadian Solar Inc. stated that the most recent quarterly results reflect the company's focus on profitable module sales over module volume and higher margin total solutions business. He added that the company ended the quarter with $788.3 million in cash, cash equivalents and restricted cash, which provides it with an advantage as it pursues higher margin solar module and utility-scale projects opportunities in its target markets and build shareholder value. Sign up and read the free analyst's notes on CSIQ at:
Canadian Solar Inc. reported net revenue of $623.77 million for the second quarter of 2014, compared to $466.32 million in Q1 2014 and $380.38 million in the prior year period. Net income attributable to Canadian Solar in Q2 2014 stood at $55.78 million, or $0.95 per diluted share, compared to $3.78 million, or $0.07 per diluted share, in the previous quarter and net loss of $12.60 million, or $0.29 loss per diluted share in the year-ago quarter. Analysts at Bloomberg expected net income attributable to Canadian Solar of $33.73 million, or $0.57 per diluted share on net revenue of $577.67 million.
On the day of the earnings release, Wednesday, August 13, 2014, Canadian Solar Inc.'s shares rallied 24.27% to end the session at $31.03. On the last close, Friday, August 15, 2014, the stock made a further gain of 2.62% to close at $33.25. The stock vacillated between $31.83 and $33.73 during the session. A total of 7.04 million shares were traded, which was above its three months average volume of 3.53 million shares. Canadian Solar Inc.'s shares have gained 33.16% in the previous three trading sessions, 19.35% in the last one month, and 11.50% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages of $27.62 and $30.78, respectively. Canadian Solar Inc.'s stock traded at a PE ratio of 16.93 and has a Relative Strength Index (RSI) of 70.25. Visit Investor-Edge and access the latest research on CSIQ at:
Sneak Peek to Corporate Insider Trading
In the last one month, Canadian Solar Inc. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on CSIQ is available at:
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
May. 29, 2016 05:15 AM EDT Reads: 3,261
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 29, 2016 05:00 AM EDT Reads: 1,963
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
May. 29, 2016 04:30 AM EDT Reads: 3,233
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
May. 29, 2016 03:30 AM EDT Reads: 966
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
May. 29, 2016 02:45 AM EDT Reads: 1,485
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
May. 29, 2016 02:30 AM EDT Reads: 1,337
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
May. 29, 2016 02:00 AM EDT Reads: 1,323
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
May. 29, 2016 01:45 AM EDT Reads: 2,630
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
May. 29, 2016 01:30 AM EDT Reads: 2,474
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
May. 29, 2016 01:15 AM EDT Reads: 1,351
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
May. 29, 2016 01:00 AM EDT Reads: 1,405
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
May. 29, 2016 12:45 AM EDT Reads: 2,052
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
May. 28, 2016 11:00 PM EDT Reads: 2,376
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
May. 28, 2016 10:00 PM EDT Reads: 2,577
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
May. 28, 2016 07:00 PM EDT Reads: 1,266