Canadian Solar Continues Market Share Gains In Q2
By Investing Hobo: Unlike the majority of the photovoltaic (PV) companies, Canadian Solar (CSIQ) once again performed exceptionally well in the second quarter as evident in its earnings report. Unlike more integrated large scale Chinese peers such as Trina Solar (TSL) and Yingli Green Energy (YGE), Canadian Solar’s cost structure is not the lowest among its peer group, but it is low enough to generate positive net income. During a period where so many smaller participants are struggling for mere survival, financial strength is a key variable for one of the most important criteria in determining demand for a company’s products - bankability. While CSIQ was considered more as a second tier solar module provider in the past, its cost structure which was less evident during periods of higher average selling prices (asp) has moved the company ahead of entrenched brands in terms of product bankability as module asps declined below many peer’sComplete Story »
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