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Analyst Boosts 2010 Estimate For Canadian Solar

Stock quotes in this article: CSIQ  

NEW YORK (AP) — Canadian Solar Inc. faces near-term pricing challenges, but its financing partnerships will boost the solar products maker's long-term growth potential, said an analyst on Wednesday as he raised his 2010 profit estimate for the company.

Shares of Canadian Solar jumped 86 cents, or 7.8 percent, to $11.89 in midday trading.

On Tuesday, the company reported a net loss of $4.8 million, or 13 cents per share, beating analyst expectations of a loss of 25 cents per share, according to a poll by Thomson Reuters. ...

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