New York, August 18th (TradersHuddle.com) - Shares of China Sunergy Co. Ltd. (NASDAQ:CSUN) are trading lower by -4.41% ahead of its quarterly earnings release. China Sunergy, the high performance solar cell and module products maker is expected to release its quarterly results on August 19th.
Wall Street Analysts consensus calls for a loss of $-0.18 a share on $164.96 million revenue.
China Sunergy estimates have a range of $0.29 a share. The high estimate calls for profit of $0.02 a share and the low estimate is calling for a loss of $-0.27 a share, a year ago for the quarter the company reported $0.33 a share.
China Sunergy Co. Ltd. (NASDAQ:CSUN) manufactures and delivers high performance solar cell and module products to the industry. The Company produces its solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. Its R&D efforts focus on continually enhancing the conversion efficiency of our commercial products, as the company was the first PV solar company that has successfully applied selective emitter technology to industrialized production. China Sunergy is headquartered and has its manufacturing operations in China and sales its products around the world, using a sales and marketing network located around the globe.
Other companies on the watch on this earnings event are LDK Solar Co. Ltd. NYSE:LDK and Trina Solar Limited NYSE:TSL.
Yesterday, China Sunergy signed a $160 million financing and credit facility from China Development Bank.