CSun’s $1.4m net loss in its second quarter ending Junemarked a sharp improvement over the $22.9m deficit it recorded in the preceding three months, with its shipments of PV modules rising 23.3% to 126.4MW.
The company expects module shipments to reach 110MW in the third quarter.
It lowered its full-year shipment target from 500-550MW to 440-480MW, partly due to a credit squeeze throughout China’s solar industry and related working capital constraints.
The
