By Claudia Assis, MarketWatch Panel maker's earnings beat does little to warm investors to stock
SAN FRANCISCO (MarketWatch)--Shares of Canadian Solar Inc. fell more than 10% on Wednesday after the solar-panel maker reported third-quarter results that beat Wall Street expectations but forecast potentially lighter revenues for the fourth quarter.
Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ),
one of the world’s largest solar power companies, today announced that
its wholly owned subsidiary, Canadian Solar Solutions Inc., completed
the sale of two 10 MW AC solar power plants, DiscoveryLight and
FotoLight, to Renewable Energy Trust Ontario Holdings, INC/ULC (RET), at
a valuation comparable to other recent project sales completed by
Canadian Solar on a per megawatt basis in the Ontario market.
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