BGU - CSIQ 11/4/13

Published : November 4 2013 at 9:16 ET

Canadian Solar (CSIQ) is leading this morning's premarket gap-up action, up 6.6% as it gaps to new highs from a very short one-week flag formation. Group rank 1.

The gap up is due to CSIQ announcing selective preliminary results for the third quarter ended on September 30, 2013. For the third quarter of 2013, Canadian Solar now expects solar module shipments to be in the range of approximately 460 MW to 480 MW, which exceeds the Company's original guidance of 410 MW to 430 MW. The Company also expects its gross margin to be in the range of 18% to 20% compared to its original guidance of 10% to 12% due to completion and sales of its solar power plants. Canadian Solar will report full earnings results on Wednesday, November 13, 2013.

This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.