Pre-Market Price/Volume Alert: Canadian Solar (CSIQ)

Posted in pre-market 
August 6th, 2009

Canadian Solar Inc. (NASDAQ: CSIQ) has traded almost 170,000 shares and is up 21.5% at $19.60 afterthe company beat earnings expectations with $0.49 EPS and $114.2 million in revenues.  It now sees shipping 90-100 MW in Q3.  Average volume is 2 million and we’d expect that to be blown away today.  This move this morning taks this stock to a multi-month high but still well under the year ago highs north of $33.00. -JON OGG

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