Canadian Solar is latest to lower module shipments forecast

Canadian Solar chief executive Shawn Qu

Canadian Solar followed its Chinese peer Trina Solar by lowering its guidance for second-quarter module shipments, with the US market once again fingered as the culprit.

The company, which is headquartered in Canada but performs most of its manufacturing in China, believes it shipped 410-420MW of modules during the three-month period ended 30 June – compared to the 430-450MW it forecast in May.

That is significantly less severe than the decline reported by Trina.

Trina is viewed as having been more poorly prepared for the imposition of preliminary trade sanctions in the US than some of its Chinese rivals.

In contrast, Canadian Solar has been widely seen as having one of the best-laid supply-chain…

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