Canadian Solar Inc. (CSIQ) Posts Strong Q2 Results, Forecasts Continued Growth for 2012
Canadian Solar Inc., one of the world's largest solar companies, today announced its financial results for the second quarter ended June 30, 2011, reflecting a solid quarter with increases across the board. Net revenue for the second quarter of 2011 was $481.8 million, up 8.7 percent from $328.7 million in the second quarter of 2010. Gross profit for the second quarter of 2011 was $63.7 million, up 42.8 percent from $44.6 million in the second quarter of 2010. Gross margin was 13.2 percent in the second quarter of 2011 compared to 13.6 percent in the second quarter of 2010. The…