China Sunergy shares rise on better-than-expected Q2 results
Shares of China Sunergy Co., Ltd. (Nasdaq:CSUN) are shining brightly in pre-market trading after the Chinese solar cell manufacturer posted second-quarter results that trumped the consensus on Wall Street.During the quarter, the company increased production by 62.7%, improved margins and strengthened its balance sheet.
China Sunergy reaffirmed its guidance and noted that, although margins improved in the first half of the year, challenges concerning wafer costs and wafer quality remain.
Shares gained 13%, or $1.32, to $11.25 in pre-market trading. For detailed price information and news stories on China Sunergy, click CSUN.
