|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.
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT depl...
Jan. 18, 2017 02:30 AM EST Reads: 1,811
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at Dell EMC, introduced a methodology for capturing, enriching and sharing data (and analytics) across the organization...
Jan. 18, 2017 02:15 AM EST Reads: 3,204
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
Jan. 18, 2017 01:30 AM EST Reads: 4,199
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
Jan. 18, 2017 01:15 AM EST Reads: 4,875
"Splunk basically takes machine data and we make it usable, valuable and accessible for everyone. The way that plays in DevOps is - we need to make data-driven decisions to delivering applications," explained Andi Mann, Chief Technology Advocate at Splunk and @DevOpsSummit Conference Chair, in this SYS-CON.tv interview at @DevOpsSummit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 18, 2017 01:00 AM EST Reads: 2,012
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jan. 18, 2017 01:00 AM EST Reads: 6,045
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
Jan. 18, 2017 12:45 AM EST Reads: 5,950
"Logz.io is a log analytics platform. We offer the ELK stack, which is the most common log analytics platform in the world. We offer it as a cloud service," explained Tomer Levy, co-founder and CEO of Logz.io, in this SYS-CON.tv interview at DevOps Summit, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 18, 2017 12:45 AM EST Reads: 6,251
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captur...
Jan. 18, 2017 12:30 AM EST Reads: 2,785
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 18, 2017 12:00 AM EST Reads: 2,258
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackIQ...
Jan. 18, 2017 12:00 AM EST Reads: 7,740
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Jan. 17, 2017 11:30 PM EST Reads: 4,355
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of D...
Jan. 17, 2017 11:15 PM EST Reads: 4,939
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, John Jelinek IV, a web developer at Linux Academy, will discuss why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers...
Jan. 17, 2017 11:00 PM EST Reads: 607
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal ...
Jan. 17, 2017 10:30 PM EST Reads: 2,369