Canadian Solar Ends Rough Year on Rougher Note as Selling Prices Plunge, Maintains Strong Project Outlook
Posted on March 12, 2013 at 03:07 AM EDT
SUGAR LAND--March 12, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)-- Canadian Solar Incorporated (NASDAQ:CSIQ) (Kitchener, Ontario), a designer and manufacturer of solar products and one of the world's largest solar module producers, reported steep losses in fourth-quarter and full-year 2012, as falling average selling prices, bad debt allowances and a negative arbitration decision pummeled the company's bottom line, despite lower manufacturing costs and stronger solar module shipments. Industrial Info is tracking more than $1.3 billion in projects involving Canadian Solar that are in the planning phase. Other companies featured: LDK Solar Company Limited (NYSE:LDK)