Canadian Solar Q1 shipments to exceed guidance

At between 335 to 345 MW, the Chinese photovoltaic manufacturer predicts that module shipments will exceed the higher end of its previous guidance of 290 to 310 MW.

If achieved, Q1 2013 shipments would be slightly less than the 404 MW shipped in the previous quarter, but similar to the 343 MW shipped in Q1 2012.

Meanwhile, Canadian Solar expects Q1 gross margin to exceed the lower end of its guidance of 8 to 10%, at 9 to 10%. This would compare to 5% and 7.7% in Q4 and Q1 2012, respectively.

The company is schedule to release its full Q1 2013 financial results on May 28.