Monday, July 14, 2008

Canadian Solar Ups Q2 Guidance; Stock Soars (CSIQ; TSL)

In the post below I said most of the solar's were up a bit, this one's up 17%.
From Barron's Tech Trader Daily:
Canadian Solar (CSIQ) shares are sharply higher this morning after the company said second quarter results blew past previous guidance. The company now says Q2 revenue was $210 million to $214 million, above its previous forecast range of $185 million to $190 million. Gross profit is expected to $33 million to $35 million....MORE

Yeah, I got your soaring. (There's gotta be a joke in here somewhere) From Reuters:

Trina to supply cells for solar-powered plane
For travelers weary of watching air fares tick upward due to soaring fuel prices, here's an encouraging piece of news -- a plane that can fly around the world on solar power.

On Monday, solar cell maker Trina Solar Ltd said it would supply nearly 300 photovoltaic cells to France's LISA Airplanes for its Hy-Bird solar and fuel cell powered airplane....MORE