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Canadian Solar (CSIQ) Stock Rallies on Stellar Q1 Results

NEW YORK (TheStreet) -- Canadian Solar (CSIQ - Get Report) stock is gaining 15.52% to $17.86 on heavy trading volume on Wednesday morning after the company's 2016 first quarter financial results topped estimates.

Before today's opening bell, the Canadian solar power company reported earnings of 39 cents per share on revenue of $721.42 million for the three months ended March 31.

Analysts had estimated earnings of 14 cents per share on revenue of $663.74 million for the latest quarter.

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