Canadian Photo voltaic GAAP EPS of $1.07 beats by $0.40, income of $2.31B beats by $80M

For the third quarter of 2022, the Firm expects complete revenues to be within the vary of $2.0 billion to $2.1 billion ($1.94B consensus). Gross margin is anticipated to be between 15.0% and 16.5%. Whole module shipments acknowledged as revenues by CSI Photo voltaic are anticipated to be within the vary of 6.0 GW to six.2 GW, together with roughly 140 MW to the Firm’s personal tasks.

For the complete yr of 2022, the Firm raises complete income steerage to $7.5 billion to $8.0 billion ($7.25B consensus), from $7.0 billion to $7.5 billion beforehand. The Firm expects full yr quantity targets for CSI Photo voltaic and World Power to stay unchanged from the ranges communicated within the prior quarter: complete module shipments of 20 GW to 22 GW and battery storage shipments of 1.8 GWh to 1.9 GWh (CSI Photo voltaic), and complete mission gross sales of two.1 GW to 2.6 GW (World Power).