SOLAR industry is exploding!Just look at Canadian Solar revenue results. Cannabis 2.0 is about to happen to the Solar industry.
Canadian Solar , which belongs to the Zacks Solar industry, posted revenues of $2.31 billion for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 3.71%. This compares to year-ago revenues of $1.43 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Canadian Solar shares have added about 25.4% since the beginning of the year versus the S&P 500's decline of -10.3%.