Canadian Solar Stock Falls After Q4 Revenue Miss, Weak Q1 Outlook
Canadian Solar Inc. (NASDAQ:CSIQ) shares are trading lower Thursday after the company reported worse-than-expected fourth-quarter revenue results and issued first-quarter revenue guidance below estimatesCanadian Solar stock is showing notable weakness. What’s pressuring CSIQ stock?Q4 ResultsCanadian Solar reported a loss of $1.66 per share and revenue of $1.21 billion, missing the consensus estimate of $1.35 billion. Revenue declined 18% sequentially and 20% year-over-year, primarily due to lower sales of s ...