Canadian Solar Meets a Volcano (CSIQ)

Posted in pre-market 
April 21st, 2010

Canadian Solar Inc. (NASDAQ: CSIQ) is getting a smack-down this morning.  The solar company was downgraded this morning to Neutral at Macquarie after the firm lowered its margin forecast and is taking a 1Q forex loss of $18M-$20M.  Shares are down 8.9% at $19.44 as of 8:50 AM EST, but only about 34,000 shares so far in the pre-market.  Average volume is about 2.46 million shares and he 52-week trading range is $5.44 to $33.68.

JON OGG

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