It expects revenue to reach $460m to $470m, with a gross margin of 14% to 15%, according to preliminary results it released for the three months to 31 March.

In March, Canadian Solar forecast 2.5GW to 2.7GW of shipments in 2014. It said it anticipates full-year net revenue of $2.7bn to $2.9bn, with its downstream Total Solutions unit to account for roughly half of the total.

In