Weak panel prices weigh on Canadian Solar
from Business News Network
Canadian Solar's fourth-quarter revenue estimate missed analysts' estimates as weak panel prices more than offset a rise in demand, sending its shares down four per cent. The company, most of whose manufacturing operations are in China, estimated that it shipped between 605 megawatt (MW) and 620 MW of solar panels in the quarter, higher than its target of 480-500 MW.
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