Canadian Solar Inc. (CSIQ) is a vertically integrated manufacturer of silicon ingots, wafers, cells, solar modules (panels) and custom-designed solar power applications. Solardemand is rising on a global scale and Canadian Solar continues to expand its operations in China, Japan and other emerging solar markets. This is a major factor in Canadian Solar’s rapid growth in recent years.

However, the company is facing intense competition from other solar players in the market.

Canadian Solar reported its fourth-quarter 2014 results today. We have mentioned below some of the vital information from this just-revealed announcement.

Canadian Solar Reports an Earnings Miss

Our consensus called for fourth quarter EPS of $1.36, and the company reported EPS of $1.28.

Revenues Miss Estimates

Canadian Solar posted revenues of $956.2 million in fourth quarter, compared to our consensus estimate of $1,009 million.

Key Stats to Note

The company expects total module shipments to be in the range of 1000 MW-1030 MW in the first quarter of 2015.

Earnings Estimates

Investors should also take into account the recent earnings estimate revisions for Canadian Solar. The Zacks Consensus Estimate has remained stable over the last 7 days.

Zacks Rank

Currently, Canadian Solar has a Zacks Rank #3 (Hold), but that could definitely change following Canadian Solar’s earnings report which was just released.