Why Canadian Solar Stock Popped 10% After Earnings

Shares of Canadian Solar (NASDAQ: CSIQ) stock exploded 10.8% higher as of 10:45 a.m. EDT on Thursday, after the Ontario-based solar module maker announced a bit of an earnings miss in Q1 2021 -- but terrific guidance for the second quarter.

Heading into Q1, analysts had forecast Canadian Solar would earn $0.41 per share on $1.05 billion in sales. In fact, the company earned only $0.36, despite achieving $1.09 billion in sales.  

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Source Fool.com