Why China Sunergy (CSUN) Stock Is Down Today

NEW YORK (TheStreet) -- China Sunergy (CSUN) stock is dropping today after the company reported a net loss far wider than analysts expected and revenue below consensus. 

By late afternoon, the nano-cap had fallen 8.7% to $3.46. 

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In its March-ending quarter, the China-based solar cell manufacturer reported a net loss of 99 cents a share, 15 cents wider than analysts surveyed by Thomson Reuters expected. 

Revenue of $62.74 million came in 1.6% higher than a year earlier but missed estimates of $86 million.

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