3 Red Flags From Canadian Solar's Earnings Report
Shares of Canadian Solar Inc. (NASDAQ: CSIQ) plunged double digits on Thursday after the company reported third-quarter earnings. The quarter should have been strong, as high demand and rising solar panel prices give the industry tailwinds.
But Canadian Solar reported only $13.3 million of net income on $912.2 million in revenue. There are some major challenges that Canadian Solar and other Chinese solar manufacturers will have to contend with heading into 2018.
Image source: Getty Images.
Source: Fool.com