* Follows Suntech shipment rise last week
* Gross margin forecast unchanged
* Shares jump 10 pct post-market
Feb 21 Canadian Solar Inc raised
its fourth-quarter forecast shipments on Tuesday because of
stronger-than-expected demand, sending its shares up 10 percent
in post-market trading.
The move comes just days after its larger Chinese rival,
Suntech Power Holdings Co Ltd, raised its fourth quarter
Canadian Solar now expects shipments of between 430 and 440
megawatts, up from its November forecast of 340 to 360
Record solar installations in Germany in December surprised
most in the industry, with an estimated 3 gigawatts of panels
added in the world's biggest solar market.
The German demand helped soak up a glut of panels on the
international market and stabilized prices after a decline of as
much 50 percent earlier in 2011.
Canadian Solar said its gross margins would remain in line
with the company's earlier forecast between 5 percent and 8
The company will provide its fourth quarter results on March
Canadian solar shares jumped 10 percent in post-market
trading to $4.60 per share.