- Guides Q4 Revenues $70-85M v $270.1Me
- Cuts FY08 Rev to $650-750M v $901.9Me (previous $850-970M v $908.9Me)
- Reiterates FY09 Shipments guidance of 500-550 MW
- On the basis of Q4 expectations the Company is reverting to May guidance for FY 2008
- CEO: Given the uncertainty of project and customers' financing coupled with softening solar market demand in Europe and USA at the year-end, the Company has shifted its short-term operational emphasis to preserving cash and minimizing risk from the credit environment. Based on this adjustment, Q4 shipments are estimated to be approximately 20 - 25 MW. This will result in revenues of approximately $70M to $85M. Accordingly, the Company is returning to its previously stated May annual revenue estimate of $650-750M.

Other headlines for [CSIQ]

• LDK 1/5/2009 04:31pm
  LDK Solar Co LTD ADR Cuts forecast, sees Q4 R $425-435M v $540Me ($555-565M prior), FY09 R $2.3-2.5B v $2.6Be- Guides Gross margins at 10-13% (18-21% prior) - Cuts wafer shipments due to customer delays in light of more...
  
• SOL 1/2/2009 06:20am
  ReneSola Ltd Shares cut to neutral from buy at Piper; CSIQ cut to sell from neutral- SOL price target $5 - CSIQ price target $3
  
• 12/10/2008 07:54am
  Friedman Billings makes cautious comments on Solar PV firms noting excess inventory in market- Notes that while current financial crisis had impact on firms Q3 results, an apperant growth in supply more...
  
• QCE.GE 12/9/2008 01:41am
  Q-Cells AG Lowers growth forecast for 2008; Guides 2009 FY Rev at €1.75-2.25B v €2.0Be - Sees 2008 Rev at €1.23B v €1.33Be (prior view was €1.35B). - Sees 2008 Net at €185M v €213.9Me (prior view was more...
  
• STP 11/21/2008 06:09am
  Suntech Power Holdings STP, CSIQ, JASO cut to market perform from outperform at Oppenheimer
  

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