All this gives Canadian Solar added momentum as we continue to pursue our YieldCo strategy which will be the next major catalyst to build value for Canadian Solar and its shareholders. We will discuss our YieldCo plan in more details when we meet at our Investor Day on May 18.
Most of the analyst reviews on this stock are negative, so what is going on? Even the good Toy companies are down. Any rumors or this is another SCAM pump and dumb?
Helpful information only
The company posted a net loss of about $83.5 million, worse compared to a loss of $28.4 million in the same quarter of last year.
On a per American depositary share basis, the company posted an adjusted loss of 40 cents per share.
Revenue for the quarter came in at $170.4 million for the period.
Analysts polled by Thomson Reuters estimated a loss of 2.25 Chinese yuan renminbis per share on revenue of 1.03 billion yuan for the quarter.
In U.S. dollars, that comes out to a consensus estimate of a loss of 36 cents per share on revenue of $170 million for the second quarter.
For the second quarter, the company expects adjusted revenues of 1.47 billion to 1.52 billion yuan.
It expects advertising revenue of between 1.25 billion to 1.3 billion yuan.